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NYSE:PGR

Progressive (PGR) Stock Price, News & Analysis

Progressive logo
$268.00 +2.12 (+0.80%)
(As of 11/26/2024 ET)

About Progressive Stock (NYSE:PGR)

Key Stats

Today's Range
$263.63
$268.15
50-Day Range
$241.48
$268.00
52-Week Range
$149.14
$268.16
Volume
2.08 million shs
Average Volume
2.46 million shs
Market Capitalization
$157.00 billion
P/E Ratio
19.48
Dividend Yield
0.15%
Price Target
$269.81
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™

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95th Percentile Overall Score

PGR MarketRank™: 

Progressive scored higher than 95% of companies evaluated by MarketBeat, and ranked 64th out of 915 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 2.78, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Progressive has been the subject of 11 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 4.86% in the coming year, from $13.17 to $13.81 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Progressive is 19.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.04.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Progressive is 19.48, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.30.

  • Price to Earnings Growth Ratio

    Progressive has a PEG Ratio of 0.74. 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 7.93. 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

    0.87% 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 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Progressive has recently decreased by 4.49%, indicating that investor sentiment is improving.
  • Dividend Yield

    Progressive has a dividend yield of 0.15%, 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 2.90% 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

    0.87% 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 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Progressive has recently decreased by 4.49%, indicating that investor sentiment is improving.
  • News Sentiment

    Progressive has a news sentiment score of 1.19. 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 0.81 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 46 news articles for Progressive this week, compared to 18 articles on an average week.
  • Search Interest

    Only 18 people have searched for PGR on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.
  • MarketBeat Follows

    26 people have added Progressive to their MarketBeat watchlist in the last 30 days. This is an increase of 86% 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 $14,975,979.00 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

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The U.S. House passed legislation that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism
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While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high
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It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…
Jenniffer González, Puerto Rico's New Progressive Party candidate for Governor, shows her ballot du…
Jenniffer González of Puerto Rico's pro-statehood party edges ahead in gubernatorial election
Jenniffer González of Puerto Rico's pro-statehood New Progressive Party is leading polls in a historic gubernatorial election that could see her party secure a third consecutive term for the first time
Progressive (NYSE:PGR) Hits New 52-Week High - What's Next?
Morgan Stanley Reaffirms Their Buy Rating on Progressive (PGR)
StockNews.com Upgrades Progressive (NYSE:PGR) to "Buy"
See More Headlines

PGR Stock Analysis - Frequently Asked Questions

Progressive's stock was trading at $159.28 at the start of the year. Since then, PGR stock has increased by 68.3% and is now trading at $268.02.
View the best growth stocks for 2024 here
.

The Progressive Co. (NYSE:PGR) posted its earnings results on Tuesday, October, 15th. The insurance provider reported $3.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.18. The insurance provider had revenue of $19.43 billion for the quarter, compared to the consensus estimate of $18.95 billion. Progressive had a net margin of 11.27% and a trailing twelve-month return on equity of 33.10%.

The following companies are subsidiaries of Progressive: 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 more.

Top institutional investors of Progressive include State Street Corp (4.21%), Geode Capital Management LLC (2.46%), Massachusetts Financial Services Co. MA (2.41%) and FMR LLC (1.80%). 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

Ex-Dividend for 10/11 Dividend
10/03/2024
Dividend Payable
10/11/2024
Last Earnings
10/15/2024
Today
11/26/2024
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
$269.81
High Stock Price Target
$335.00
Low Stock Price Target
$218.00
Potential Upside/Downside
+0.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$3.90 billion
Pretax Margin
14.24%

Debt

Sales & Book Value

Annual Sales
$62.11 billion
Cash Flow
$6.83 per share
Book Value
$33.81 per share

Miscellaneous

Free Float
583,820,000
Market Cap
$157.01 billion
Optionable
Optionable
Beta
0.36

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This page (NYSE:PGR) was last updated on 11/26/2024 by MarketBeat.com Staff
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