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NYSE:PGRProgressive Stock Price, Forecast & News

$90.62
+0.37 (+0.41 %)
(As of 08/5/2020 04:00 PM ET)
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Today's Range
$90.56
Now: $90.62
$91.81
50-Day Range
$77.29
MA: $83.35
$90.34
52-Week Range
$62.18
Now: $90.62
$91.81
Volume2.45 million shs
Average Volume2.66 million shs
Market Capitalization$53.04 billion
P/E Ratio12.18
Dividend Yield0.44%
Beta0.54
The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, and snowmobiles. The company's Commercial Lines segment provides primary liability, physical damage, and other auto-related 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 non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides residential property insurance for homes, condos, manufactured homes, 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; home, condominium, renters, and other insurance; and general liability and business owner's policies, and workers' compensation insurance. In addition, it offers reinsurance services. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on Internet, and mobile devices, and over the phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.64 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP74331510
Phone440-461-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$39.02 billion
Cash Flow$7.36 per share
Book Value$28.48 per share

Profitability

Net Income$3.97 billion

Miscellaneous

Employees41,571
Market Cap$53.04 billion
Next Earnings Date10/21/2020 (Estimated)
OptionableOptionable
$90.62
+0.37 (+0.41 %)
(As of 08/5/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Progressive (NYSE:PGR) Frequently Asked Questions

How has Progressive's stock been impacted by COVID-19 (Coronavirus)?

Progressive's stock was trading at $75.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PGR stock has increased by 20.6% and is now trading at $90.62.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Progressive?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 7 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Progressive
.

When is Progressive's next earnings date?

Progressive is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
View our earnings forecast for Progressive
.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) announced its quarterly earnings data on Wednesday, July, 15th. The insurance provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.10. The insurance provider had revenue of $10.14 billion for the quarter, compared to analyst estimates of $9.72 billion. Progressive had a net margin of 10.85% and a return on equity of 28.79%. Progressive's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.66 earnings per share.
View Progressive's earnings history
.

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

Progressive announced a quarterly dividend on Friday, May 8th. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.10 per share on Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, July 6th.
View Progressive's dividend history
.

What price target have analysts set for PGR?

14 brokerages have issued twelve-month target prices for Progressive's stock. Their forecasts range from $72.00 to $100.00. On average, they expect Progressive's stock price to reach $86.15 in the next year. This suggests that the stock has a possible downside of 4.9%.
View analysts' price targets for Progressive
.

Has Progressive been receiving favorable news coverage?

News coverage about PGR stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Progressive earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned media stories about the insurance provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about Progressive
.

Are investors shorting Progressive?

Progressive saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 6,630,000 shares, an increase of 8.3% from the July 15th total of 6,120,000 shares. Based on an average daily volume of 3,100,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.1% of the shares of the stock are sold short.
View Progressive's Current Options Chain
.

Who are some of Progressive's key competitors?

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), CVS Health (CVS), Walt Disney (DIS), Home Depot (HD), Mastercard (MA), NVIDIA (NVDA), Paypal (PYPL), AT&T (T), UnitedHealth Group (UNH) and Alibaba Group (BABA).

Who are Progressive's key executives?

Progressive's management team includes the following people:
  • Ms. Susan Patricia Griffith, Pres, CEO & Director (Age 55)
  • Mr. John Peter Sauerland, VP & CFO (Age 55)
  • Mr. William M. Cody, Chief Investment Officer (Age 57)
  • Mr. M. Jeffrey Charney, Chief Marketing Officer (Age 60)
  • Mr. John Andrew Barbagallo, Pres of Commercial Lines (Age 60)

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 many different retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (0.70%), Sumitomo Mitsui Trust Holdings Inc. (0.63%), Swiss National Bank (0.48%), Mcdonald Capital Investors Inc. CA (0.33%), First Trust Advisors LP (0.30%) and Confluence Investment Management LLC (0.26%). Company insiders that own Progressive stock include Andrew J Quigg, Barbara R Snyder, Dyke Kahina Van, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Susan Patricia Griffith and William M Cody.
View institutional ownership trends for Progressive
.

Which institutional investors are selling Progressive stock?

PGR stock was sold by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Bessemer Group Inc., Principal Financial Group Inc., Cornerstone Investment Partners LLC, Mcdonald Capital Investors Inc. CA, M&G Investment Management Ltd., ZWJ Investment Counsel Inc., and OLD National Bancorp IN. Company insiders that have sold Progressive company stock in the last year include Andrew J Quigg, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, and Susan Patricia Griffith.
View insider buying and selling activity for Progressive
.

Which institutional investors are buying Progressive stock?

PGR stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, Scharf Investments LLC, Retirement Systems of Alabama, UBS Group AG, Empire Life Investments Inc., Robeco Institutional Asset Management B.V., and Vident Investment Advisory LLC.
View insider buying and selling activity for Progressive
.

How do I buy shares of Progressive?

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

What is Progressive's stock price today?

One share of PGR stock can currently be purchased for approximately $90.62.

How big of a company is Progressive?

Progressive has a market capitalization of $53.04 billion and generates $39.02 billion in revenue each year. The insurance provider earns $3.97 billion in net income (profit) each year or $6.72 on an earnings per share basis. Progressive employs 41,571 workers across the globe.

What is Progressive's official website?

The official website for Progressive is www.progressive.com.

How can I contact Progressive?

Progressive's mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The insurance provider can be reached via phone at 440-461-5000.

This page was last updated on 8/6/2020 by MarketBeat.com Staff

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