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NYSE:PGRProgressive Stock Price, Forecast & News

$77.06
+0.59 (+0.77 %)
(As of 05/28/2020 02:05 PM ET)
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Compare
Today's Range
$75.91
Now: $77.06
$77.46
50-Day Range
$72.19
MA: $77.73
$82.96
52-Week Range
$62.18
Now: $77.06
$84.96
Volume1.23 million shs
Average Volume3.37 million shs
Market Capitalization$45.10 billion
P/E Ratio12.72
Dividend Yield0.54%
Beta0.52
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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Progressive logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 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$7.61 per share
Book Value$23.68 per share

Profitability

Net Income$3.97 billion

Miscellaneous

Employees41,571
Market Cap$45.10 billion
Next Earnings Date7/15/2020 (Estimated)
OptionableOptionable

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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 reached pandemic status according to the World Health Organization. Since then, PGR stock has increased by 2.2% and is now trading at $76.75. 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 6 hold ratings, 7 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, July 15th 2020. View our earnings forecast for Progressive.

How were Progressive's earnings last quarter?

Progressive Corp (NYSE:PGR) issued its earnings results on Wednesday, April, 15th. The insurance provider reported $2.11 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.45 by $0.66. The insurance provider earned $9.87 billion during the quarter, compared to the consensus estimate of $10.28 billion. Progressive had a return on equity of 26.80% and a net margin of 9.18%. The company's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 EPS. View Progressive's earnings history.

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

Progressive declared 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 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Monday, July 6th. View Progressive's dividend history.

What price target have analysts set for PGR?

14 brokers have issued twelve-month price targets for Progressive's stock. Their forecasts range from $59.00 to $95.00. On average, they anticipate Progressive's share price to reach $83.60 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price. View analysts' price targets for Progressive.

Has Progressive been receiving favorable news coverage?

News headlines about PGR stock have been trending very positive on Thursday, InfoTrie reports. InfoTrie rates the sentiment of media 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 3.1 on InfoTrie's scale. They also gave news headlines about the insurance provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutProgressive.

Are investors shorting Progressive?

Progressive saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 4,590,000 shares, a decrease of 6.9% from the March 31st total of 4,930,000 shares. Based on an average daily trading volume, of 3,960,000 shares, the short-interest ratio is currently 1.2 days. Currently, 0.8% of the shares of the company 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.23%), Wellington Management Group LLP (6.62%), State Street Corp (4.34%), JPMorgan Chase & Co. (3.13%), Alliancebernstein L.P. (1.95%) and Geode Capital Management LLC (1.79%). 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 major investors are selling Progressive stock?

PGR stock was sold by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Janus Henderson Group PLC, Two Sigma Advisers LP, Morgan Stanley, Morgan Stanley, AQR Capital Management LLC, PNC Financial Services Group Inc., and Eaton Vance Management. 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 major investors are buying Progressive stock?

PGR stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Invesco Ltd., Capital World Investors, Viking Global Investors LP, APG Asset Management N.V., Rockefeller Capital Management L.P., Scharf Investments LLC, and Alliancebernstein L.P.. 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 $76.75.

How big of a company is Progressive?

Progressive has a market capitalization of $44.92 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 5/28/2020 by MarketBeat.com Staff

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