Head to Head Analysis: FG Financial Group (NASDAQ:FGF) vs. Progressive (NYSE:PGR)

FG Financial Group (NASDAQ:FGFGet Rating) and Progressive (NYSE:PGRGet Rating) are both finance companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, risk, analyst recommendations, dividends, earnings, institutional ownership and valuation.

Analyst Ratings

This is a breakdown of recent ratings for FG Financial Group and Progressive, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
FG Financial Group 0 0 0 0 N/A
Progressive 6 3 3 0 1.75

Progressive has a consensus target price of $102.55, indicating a potential downside of 8.53%. Given Progressive’s higher possible upside, analysts clearly believe Progressive is more favorable than FG Financial Group.

Risk and Volatility

FG Financial Group has a beta of 0.69, meaning that its stock price is 31% less volatile than the S&P 500. Comparatively, Progressive has a beta of 0.47, meaning that its stock price is 53% less volatile than the S&P 500.

Profitability

This table compares FG Financial Group and Progressive’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
FG Financial Group N/A -36.78% -13.71%
Progressive 4.54% 12.60% 3.18%

Earnings & Valuation

This table compares FG Financial Group and Progressive’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
FG Financial Group $7.59 million 3.02 -$8.51 million ($1.93) -1.82
Progressive $47.70 billion 1.37 $3.35 billion $3.68 30.46

Progressive has higher revenue and earnings than FG Financial Group. FG Financial Group is trading at a lower price-to-earnings ratio than Progressive, indicating that it is currently the more affordable of the two stocks.

Insider & Institutional Ownership

9.4% of FG Financial Group shares are owned by institutional investors. Comparatively, 82.8% of Progressive shares are owned by institutional investors. 61.5% of FG Financial Group shares are owned by company insiders. Comparatively, 0.4% of Progressive shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Summary

Progressive beats FG Financial Group on 10 of the 13 factors compared between the two stocks.

About FG Financial Group (Get Rating)

FG Financial Group, Inc. operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee. The company was formerly known as 1347 Property Insurance Holdings, Inc. and changed its name to FG Financial Group, Inc. in December 2020. The company was incorporated in 2012 and is based in St. Petersburg, Florida.

About Progressive (Get Rating)

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.

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