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Progressive (PGR) Stock Price, News & Analysis

Progressive logo
$242.79
-0.21 (-0.09%)
(As of 10/31/2024 ET)

About Progressive Stock (NYSE:PGR)

Key Stats

Today's Range
$240.18
$245.60
50-Day Range
$240.37
$259.23
52-Week Range
$149.14
$260.46
Volume
3.36 million shs
Average Volume
2.47 million shs
Market Capitalization
$142.19 billion
P/E Ratio
17.64
Dividend Yield
0.16%
Price Target
$263.19
Consensus Rating
Moderate Buy

Company Overview

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related 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 liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, and pick-up trucks used by small businesses, as well as non-fleet taxis, black-car services, and airport taxis; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks used by light contractors and heavy constructions; log trucks and garbage trucks used by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; acts as an agent to homeowners, general liability, workers' compensation insurance, and other products; and reinsurance services. It sells its products through independent insurance agencies, as well as through mobile applications and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.

Progressive Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

PGR MarketRank™: 

Progressive scored higher than 92% of companies evaluated by MarketBeat, and ranked 128th out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Progressive has received a consensus rating of Moderate Buy. The company's average rating score is 2.74, and is based on 12 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Progressive has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Progressive's stock forecast and price target.
  • Earnings Growth

    Earnings for Progressive are expected to grow by 4.18% in the coming year, from $13.15 to $13.70 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Progressive is 17.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Progressive is 17.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.71.

  • Price to Earnings Growth Ratio

    Progressive has a PEG Ratio of 0.67. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Progressive has a P/B Ratio of 7.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Progressive's valuation and earnings.
  • Percentage of Shares Shorted

    0.92% of the float of Progressive has been sold short.
  • Short Interest Ratio / Days to Cover

    Progressive has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Progressive has recently increased by 13.11%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Progressive has a dividend yield of 0.16%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Progressive does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Progressive is 2.91%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Progressive will have a dividend payout ratio of 2.92% next year. This indicates that Progressive will be able to sustain or increase its dividend.

  • Read more about Progressive's dividend.
  • Percentage of Shares Shorted

    0.92% of the float of Progressive has been sold short.
  • Short Interest Ratio / Days to Cover

    Progressive has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Progressive has recently increased by 13.11%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Progressive has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for Progressive this week, compared to 16 articles on an average week.
  • Search Interest

    Only 28 people have searched for PGR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    14 people have added Progressive to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Progressive insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $18,674,912.00 in company stock.

  • Percentage Held by Insiders

    Only 0.34% of the stock of Progressive is held by insiders.

  • Percentage Held by Institutions

    85.34% of the stock of Progressive is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Progressive's insider trading history.
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PGR Stock News Headlines

KONSKIE, POLAND - AUGUST 18, 2018: The Progressive Corporation logo displayed on a modern smartphone — Stock Editorial Photography
Progressive Leads the Way as Analysts Bet Big on Insurance Stocks
Insurance stocks might be the hottest industry to watch within the finance sector, especially Progressive stock as it is due for another double-digit rally
Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
Insurance company client take out complete insurance concept. Assurance and insurance: car, real estate and property, travel, finances, health, family and life. 3d render yellow and blue — Photo
Is SelectQuote a Double-Bagger Stock? Analysts Predict Huge Gains (PGR)
SelectQuote is a different type of insurance company that some analysts think could rise by over 100%. Its business model has some interesting advantages.
Progressive Announces Investor Relations Call
See More Headlines

PGR Stock Analysis - Frequently Asked Questions

Progressive's stock was trading at $159.28 at the beginning of the year. Since then, PGR stock has increased by 52.5% and is now trading at $242.83.
View the best growth stocks for 2024 here
.

The Progressive Co. (NYSE:PGR) issued its quarterly earnings results on Tuesday, July, 16th. The insurance provider reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.61. The company's revenue for the quarter was up 21.6% compared to the same quarter last year.

Progressive subsidiaries include these companies: Protective Insurance, ARX Holding Corp., American Strategic Insurance Corp., 358 Ventures Inc., American Strategic Insurance Corp, Ark Royal Underwriters LLC, Artisan and Truckers Casualty Company, and others.

Top institutional shareholders of Progressive include Raymond James & Associates (0.22%), AustralianSuper Pty Ltd (0.21%), National Pension Service (0.19%) and Allspring Global Investments Holdings LLC (0.17%). Insiders that own company stock include Susan Patricia Griffith, John P Sauerland, John Jo Murphy, Jeffrey D Kelly, Andrew J Quigg, Karen Bailo, Daniel P Mascaro, Steven Broz, Jonathan S Bauer, Patrick K Callahan, Stuart B Burgdoerfer, Dyke Kahina Van, Devin C Johnson, Barbara R Snyder, Mariann Wojtkun Marshall, Philip Bleser and Michael D Sieger.
View institutional ownership trends
.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Progressive investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Chevron (CVX), Advanced Micro Devices (AMD), Arista Networks (ANET) and Adobe (ADBE).

Company Calendar

Last Earnings
7/16/2024
Ex-Dividend for 10/11 Dividend
10/03/2024
Dividend Payable
10/11/2024
Today
10/31/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/22/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
74331510
Employees
61,400
Year Founded
1937

Price Target and Rating

Average Stock Price Target
$263.19
High Stock Price Target
$331.00
Low Stock Price Target
$174.00
Potential Upside/Downside
+8.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
19 Analysts

Profitability

Net Income
$3.90 billion
Pretax Margin
12.85%

Debt

Sales & Book Value

Annual Sales
$62.11 billion
Cash Flow
$6.75 per share
Book Value
$33.81 per share

Miscellaneous

Free Float
583,676,000
Market Cap
$142.22 billion
Optionable
Optionable
Beta
0.35

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This page (NYSE:PGR) was last updated on 10/31/2024 by MarketBeat.com Staff
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