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DOW   32,774.41
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Are Medtronic And Intuitive Surgical Poised For Big Growth?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
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Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Wall Street slips as weak earnings hit tech, travel stocks
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Wall Street slips as weak earnings hit tech, travel stocks
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Wall Street slips as weak earnings hit tech, travel stocks
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel

Progressive - PGR Stock Forecast, Price & News

$119.66
+1.17 (+0.99%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$119.02
$120.24
50-Day Range
$109.56
$121.19
52-Week Range
$89.35
$122.24
Volume
1.56 million shs
Average Volume
2.91 million shs
Market Capitalization
$69.99 billion
P/E Ratio
85.47
Dividend Yield
0.34%
Price Target
$111.93

Progressive MarketRank™ Forecast

Analyst Rating
Hold
1.87 Rating Score
Upside/​Downside
6.5% Downside
$111.93 Price Target
Short Interest
Healthy
1.14% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.33
Upright™ Environmental Score
News Sentiment
0.09mentions of Progressive in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$63,021 Sold Last Quarter
Proj. Earnings Growth
44.00%
From $4.50 to $6.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Finance Sector

448th out of 885 stocks

Fire, Marine, & Casualty Insurance Industry

26th out of 50 stocks

PGR stock logo

About Progressive (NYSE:PGR) Stock

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.

Progressive Stock Performance

Shares of PGR opened at $118.49 on Tuesday. Progressive has a one year low of $89.35 and a one year high of $122.24. The firm has a market capitalization of $69.31 billion, a P/E ratio of 84.64, a PEG ratio of 1.51 and a beta of 0.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.40. The business has a fifty day moving average of $115.25 and a 200 day moving average of $112.04.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, July 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $0.40 annualized dividend and a yield of 0.34%. Progressive's payout ratio is 28.57%.

Analysts Set New Price Targets

PGR has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on Progressive from $106.00 to $125.00 and gave the company a "hold" rating in a research report on Tuesday, July 12th. Citigroup assumed coverage on Progressive in a research report on Monday, May 23rd. They issued a "sell" rating and a $93.00 price target for the company. Wells Fargo & Company restated a "sell" rating and set a $98.00 price target on shares of Progressive in a report on Friday, July 15th. Morgan Stanley lifted their target price on shares of Progressive from $115.00 to $121.00 and gave the stock an "equal weight" rating in a research report on Monday, July 18th. Finally, Keefe, Bruyette & Woods raised Progressive from an "underperform" rating to a "market perform" rating and upped their target price for the company from $96.00 to $107.00 in a report on Thursday, June 23rd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $111.93.

Insider Activity at Progressive

In related news, insider Daniel P. Mascaro sold 558 shares of the firm's stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $112.94, for a total transaction of $63,020.52. Following the completion of the sale, the insider now directly owns 38,887 shares of the company's stock, valued at approximately $4,391,897.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by insiders.

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PGR Company Calendar

Last Earnings
10/14/2021
Ex-Dividend for 7/15 Dividend
7/06/2022
Dividend Payable
7/15/2022
Today
8/09/2022
Next Earnings (Estimated)
10/13/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
74331510
Employees
49,000
Year Founded
1937

Price Target and Rating

Average Stock Price Forecast
$111.93
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
-6.5%
Consensus Rating
Hold
Rating Score (0-4)
1.87
Research Coverage
15 Analysts

Profitability

Net Income
$3.35 billion
Pretax Margin
2.30%

Debt

Sales & Book Value

Annual Sales
$47.70 billion
Cash Flow
$5.34 per share
Book Value
$30.32 per share

Miscellaneous

Free Float
582,985,000
Market Cap
$69.99 billion
Optionable
Optionable
Beta
0.45

Social Links















PGR Stock - Frequently Asked Questions

Should I buy or sell Progressive stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 5 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PGR, but not buy additional shares or sell existing shares.
View PGR analyst ratings
or view top-rated stocks.

What is Progressive's stock price forecast for 2022?

15 Wall Street analysts have issued 1 year price objectives for Progressive's shares. Their PGR share price forecasts range from $85.00 to $135.00. On average, they predict the company's stock price to reach $111.93 in the next year. This suggests that the stock has a possible downside of 6.5%.
View analysts price targets for PGR
or view top-rated stocks among Wall Street analysts.

How has Progressive's stock price performed in 2022?

Progressive's stock was trading at $102.65 at the start of the year. Since then, PGR stock has increased by 16.6% and is now trading at $119.66.
View the best growth stocks for 2022 here
.

When is Progressive's next earnings date?

Progressive is scheduled to release its next quarterly earnings announcement on Thursday, October 13th 2022.
View our PGR earnings forecast
.

How were Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) posted its earnings results on Thursday, October, 14th. The insurance provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.08. The insurance provider had revenue of $12.47 billion for the quarter, compared to analyst estimates of $12.33 billion. Progressive had a net margin of 1.79% and a trailing twelve-month return on equity of 11.52%. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.59 EPS.

How often does Progressive pay dividends? What is the dividend yield for Progressive?

Progressive declared a quarterly dividend on Tuesday, August 9th. Stockholders of record on Friday, October 7th will be paid a dividend of $0.10 per share on Friday, October 14th. This represents a $0.40 annualized dividend and a yield of 0.33%. The ex-dividend date is Thursday, October 6th.
Read our dividend analysis for PGR
.

Is Progressive a good dividend stock?

Progressive (NYSE:PGR) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.34%. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGR will have a dividend payout ratio of 6.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGR.

How will Progressive's stock buyback program work?

Progressive announced that its board has initiated a share buyback plan on Wednesday, May 18th 2022, which authorizes the company to buyback 25,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

What is Tricia Griffith's approval rating as Progressive's CEO?

985 employees have rated Progressive Chief Executive Officer Tricia Griffith on Glassdoor.com. Tricia Griffith has an approval rating of 93% among the company's employees. This puts Tricia Griffith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Progressive own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Progressive investors own include Cisco Systems (CSCO), Walt Disney (DIS), CVS Health (CVS), Intel (INTC), Home Depot (HD), AT&T (T), UnitedHealth Group (UNH), Mastercard (MA), Pfizer (PFE) and Alibaba Group (BABA).

What is Progressive's stock symbol?

Progressive trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGR."

Who are Progressive's major shareholders?

Progressive's stock is owned by a variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (0.75%), Baird Financial Group Inc. (0.59%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Swiss National Bank (0.43%), Maj Invest Holding A S (0.42%) and Cooke & Bieler LP (0.40%). Insiders that own company stock include Andrew J Quigg, Daniel P Mascaro, Dyke Kahina Van, Jeffrey D Kelly, John Jo Murphy, John P Sauerland, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Mariann Wojtkun Marshall, Michael D Sieger, Patrick K Callahan, Roger N Farah, Steven Broz, Stuart B Burgdoerfer and Susan Patricia Griffith.
View institutional ownership trends
.

How do I buy shares of Progressive?

Shares of PGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $119.66.

How much money does Progressive make?

Progressive (NYSE:PGR) has a market capitalization of $69.99 billion and generates $47.70 billion in revenue each year. The insurance provider earns $3.35 billion in net income (profit) each year or $1.40 on an earnings per share basis.

How many employees does Progressive have?

Progressive employs 49,000 workers across the globe.

Does Progressive have any subsidiaries?

The following companies are subsidiares of Progressive: 358 Ventures Inc., ARX Holding Corp., ASI Assurance Corp., ASI Home Insurance Corp., ASI Lloyds Inc., ASI Preferred Insurance Corp., ASI Select Auto Insurance Corp., ASI Select Insurance Corp., ASI Underwriters Corp., ASI Underwriters of Texas Inc., American Strategic Insurance Corp, American Strategic Insurance Corp., Ark Royal Underwriters LLC, Artisan and Truckers Casualty Company, B&L Brokerage Services Inc., B&L Insurance Ltd., B&L Management Inc., Blue Hill Specialty Insurance Company Inc., Drive Insurance Holdings Inc., Drive New Jersey Insurance Company, Gadsden AL LLC, Garden Sun Insurance Services Inc., Mountain Laurel Assurance Company, National Continental Insurance Company, PC Investment Company, Pacific Motor Club, Progny Agency Inc., Progressive Adjusting Company Inc., Progressive Advanced Insurance Company, Progressive Advantage Agency Inc., Progressive American Insurance Company, Progressive Auto Pro Insurance Agency Inc., Progressive Bayside Insurance Company, Progressive Capital Management Corp., Progressive Casualty Insurance Company, Progressive Choice Insurance Company, Progressive Classic Insurance Company, Progressive Commercial Advantage Agency Inc., Progressive Commercial Casualty Company, Progressive Commercial Holdings Inc., Progressive Direct Holdings Inc., Progressive Direct Insurance Company, Progressive Express Insurance Company, Progressive Freedom Insurance Company, Progressive Garden State Insurance Company, Progressive Gulf Insurance Company, Progressive Hawaii Insurance Corp., Progressive Innovation Co., Progressive Investment Company Inc., Progressive Life Insurance Company, Progressive Marathon Insurance Company, Progressive Max Insurance Company, Progressive Michigan Insurance Company, Progressive Mountain Insurance Company, Progressive Northern Insurance Company, Progressive Northwestern Insurance Company, Progressive Paloverde Insurance Company, Progressive Preferred Insurance Company, Progressive Premier Insurance Company of Illinois, Progressive Premium Budget Inc., Progressive Property Insurance Company, Progressive RSC Inc., Progressive Security Insurance Company, Progressive Select Insurance Company, Progressive Southeastern Insurance Company, Progressive Specialty Insurance Company, Progressive Universal Insurance Company, Progressive Vehicle Service Company, Progressive West Insurance Company, PropertyPlus Insurance Agency Inc., Protective Insurance, Protective Insurance Company, Protective Insurance Corporation, Protective Specialty Insurance Company, Sagamore Insurance Company, Sunshine Security Insurance Agency Inc., Transport Specialty Insurance Agency Inc., Trussville/Cahaba AL LLC, United Financial Casualty Company, Village Transport Corp., and Wilson Mills Land Co..
Read More

When was Progressive founded?

Progressive was founded in 1937.

How can I contact Progressive?

Progressive's mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The official website for the company is www.progressive.com. The insurance provider can be reached via phone at (440) 461-5000 or via fax at 440-446-7436.

This page (NYSE:PGR) was last updated on 8/10/2022 by MarketBeat.com Staff

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