S&P 500   5,249.78 (+0.02%)
DOW   39,754.40 (-0.01%)
QQQ   444.67 (-0.04%)
AAPL   171.32 (-1.15%)
MSFT   421.14 (-0.07%)
META   490.57 (-0.67%)
GOOGL   150.71 (-0.11%)
AMZN   181.19 (+0.76%)
TSLA   176.61 (-1.79%)
NVDA   910.28 (+0.86%)
NIO   4.71 (+0.86%)
AMD   181.70 (+1.17%)
BABA   72.32 (+1.02%)
T   17.52 (-0.17%)
F   13.22 (+1.23%)
MU   117.62 (-1.28%)
CGC   9.02 (-5.55%)
GE   177.12 (-1.67%)
DIS   123.09 (+1.74%)
AMC   3.82 (-11.98%)
PFE   27.85 (+0.25%)
PYPL   66.66 (+0.14%)
XOM   115.30 (+0.29%)
S&P 500   5,249.78 (+0.02%)
DOW   39,754.40 (-0.01%)
QQQ   444.67 (-0.04%)
AAPL   171.32 (-1.15%)
MSFT   421.14 (-0.07%)
META   490.57 (-0.67%)
GOOGL   150.71 (-0.11%)
AMZN   181.19 (+0.76%)
TSLA   176.61 (-1.79%)
NVDA   910.28 (+0.86%)
NIO   4.71 (+0.86%)
AMD   181.70 (+1.17%)
BABA   72.32 (+1.02%)
T   17.52 (-0.17%)
F   13.22 (+1.23%)
MU   117.62 (-1.28%)
CGC   9.02 (-5.55%)
GE   177.12 (-1.67%)
DIS   123.09 (+1.74%)
AMC   3.82 (-11.98%)
PFE   27.85 (+0.25%)
PYPL   66.66 (+0.14%)
XOM   115.30 (+0.29%)
S&P 500   5,249.78 (+0.02%)
DOW   39,754.40 (-0.01%)
QQQ   444.67 (-0.04%)
AAPL   171.32 (-1.15%)
MSFT   421.14 (-0.07%)
META   490.57 (-0.67%)
GOOGL   150.71 (-0.11%)
AMZN   181.19 (+0.76%)
TSLA   176.61 (-1.79%)
NVDA   910.28 (+0.86%)
NIO   4.71 (+0.86%)
AMD   181.70 (+1.17%)
BABA   72.32 (+1.02%)
T   17.52 (-0.17%)
F   13.22 (+1.23%)
MU   117.62 (-1.28%)
CGC   9.02 (-5.55%)
GE   177.12 (-1.67%)
DIS   123.09 (+1.74%)
AMC   3.82 (-11.98%)
PFE   27.85 (+0.25%)
PYPL   66.66 (+0.14%)
XOM   115.30 (+0.29%)
S&P 500   5,249.78 (+0.02%)
DOW   39,754.40 (-0.01%)
QQQ   444.67 (-0.04%)
AAPL   171.32 (-1.15%)
MSFT   421.14 (-0.07%)
META   490.57 (-0.67%)
GOOGL   150.71 (-0.11%)
AMZN   181.19 (+0.76%)
TSLA   176.61 (-1.79%)
NVDA   910.28 (+0.86%)
NIO   4.71 (+0.86%)
AMD   181.70 (+1.17%)
BABA   72.32 (+1.02%)
T   17.52 (-0.17%)
F   13.22 (+1.23%)
MU   117.62 (-1.28%)
CGC   9.02 (-5.55%)
GE   177.12 (-1.67%)
DIS   123.09 (+1.74%)
AMC   3.82 (-11.98%)
PFE   27.85 (+0.25%)
PYPL   66.66 (+0.14%)
XOM   115.30 (+0.29%)
NYSE:PGR

Progressive (PGR) Stock Price, News & Analysis

$207.62
+1.47 (+0.71%)
(As of 10:09 AM ET)
Today's Range
$206.66
$207.94
50-Day Range
$169.89
$206.41
52-Week Range
$111.41
$207.94
Volume
151,831 shs
Average Volume
2.46 million shs
Market Capitalization
$121.60 billion
P/E Ratio
31.55
Dividend Yield
0.41%
Price Target
$184.50

Progressive MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
10.5% Downside
$184.50 Price Target
Short Interest
Healthy
0.79% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.33
Upright™ Environmental Score
News Sentiment
0.79mentions of Progressive in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$10.67 M Sold Last Quarter
Proj. Earnings Growth
12.63%
From $9.82 to $11.06 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.77 out of 5 stars

Finance Sector

76th out of 863 stocks

Fire, Marine, & Casualty Insurance Industry

4th out of 52 stocks

PGR stock logo

About Progressive Stock (NYSE:PGR)

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.

PGR Stock Price History

PGR Stock News Headlines

Canada holds state funeral to honor Brian Mulroney, one of its most consequential prime ministers
Politicians, dignitaries and celebrities joined members of the public at a state funeral to honor Brian Mulroney, one of Canada’s most consequential prime ministers who in the 1980s solidified trade ties with the U.S. and spoke out against South Africa’s apartheid
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
A new kind of hospital is coming to rural America. To qualify, facilities must close their beds
Rural emergency hospitals are starting to gain a small foothold in the United States
Activist to foundation leader: JPB's Deepak Bhargava to deliver ‘lightning bolt’ to philanthropy
As longtime progressive movement organizer Deepak Bhargava takes the reins of the multi-billion-dollar JPB Foundation, he is unveiling an ambitious plan to give big to democracy strengthening efforts
What you should know from the opening of China's legislature
China’s Premier Li Qiang promoted an image of confidence as he announced modest economic growth goals for the country at one of its most important political gatherings
CBOE shift unlocks new weekend income strategy
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. You're probably wondering, “Okay… But how does that affect me?” This perk now allows everyday traders like yourself to target extra income over the weekend.
12 Best Financial and Fintech ETFs To Buy
PGR Apr 2024 175.000 call
PGR Apr 2024 175.000 put
Progressive Corp. Reports February Profit Of $737 Mln
Progressive Reports February 2024 Results
See More Headlines
Receive PGR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Progressive and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 1/26 Dividend
1/18/2024
Last Earnings
1/24/2024
Dividend Payable
1/26/2024
Today
3/28/2024
Ex-Dividend for 4/12 Dividend
4/03/2024
Next Earnings (Estimated)
4/11/2024
Dividend Payable
4/12/2024
Fiscal Year End
12/31/2024

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
$184.50
High Stock Price Target
$261.00
Low Stock Price Target
$112.00
Potential Upside/Downside
-10.5%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
19 Analysts

Profitability

Net Income
$3.90 billion
Pretax Margin
7.90%

Debt

Sales & Book Value

Annual Sales
$62.11 billion
Cash Flow
$6.78 per share
Book Value
$33.81 per share

Miscellaneous

Free Float
583,744,000
Market Cap
$120.74 billion
Optionable
Optionable
Beta
0.34

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Should I Buy Progressive Stock? PGR Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Progressive was last updated on Monday, March 25, 2024 at 11:44 AM.

Pros

Here are some ways that investors could benefit from investing in The Progressive Co.:

  • The Progressive Co. has shown consistent growth in its stock price over the past year, indicating a positive trend for investors.
  • The company's diversified portfolio across personal and commercial insurance products provides stability and potential for revenue growth.
  • Recent acquisitions by institutional investors, such as Sunbelt Securities Inc. and Makaira Partners LLC, demonstrate confidence in the company's future performance.
  • The Progressive Co.'s strong market presence in the United States insurance industry offers a competitive advantage and potential for market leadership.
  • The company's focus on innovation and technology in its insurance products positions it well for future growth and adaptation to changing market dynamics.

Cons

Investors should be bearish about investing in The Progressive Co. for these reasons:

  • Market volatility and regulatory changes in the insurance industry could impact the company's financial performance and stock price.
  • Increased competition from other insurance providers may put pressure on The Progressive Co.'s market share and profitability.
  • Fluctuations in interest rates and economic conditions could affect the company's investment portfolio and overall financial stability.
  • Insider selling activities, such as the recent transactions by Andrew J. Quigg, may raise concerns about the company's internal outlook and future prospects.
  • External factors like natural disasters or unforeseen events could lead to significant insurance claims, impacting the company's profitability and financial health.

PGR Stock Analysis - Frequently Asked Questions

Should I buy or sell Progressive stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 1 sell rating, 9 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PGR, but not buy additional shares or sell existing shares.
View PGR analyst ratings
or view top-rated stocks.

What is Progressive's stock price target for 2024?

19 Wall Street research analysts have issued 1-year target prices for Progressive's shares. Their PGR share price targets range from $112.00 to $261.00. On average, they predict the company's share price to reach $184.50 in the next twelve months. This suggests that the stock has a possible downside of 10.5%.
View analysts price targets for PGR
or view top-rated stocks among Wall Street analysts.

How have PGR shares performed in 2024?

Progressive's stock was trading at $159.28 at the start of the year. Since then, PGR shares have increased by 29.4% and is now trading at $206.15.
View the best growth stocks for 2024 here
.

When is Progressive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 11th 2024.
View our PGR earnings forecast
.

How were Progressive's earnings last quarter?

The Progressive Co. (NYSE:PGR) announced its quarterly earnings data on Wednesday, January, 24th. The insurance provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.53. The insurance provider had revenue of $16.89 billion for the quarter, compared to analyst estimates of $16.10 billion. Progressive had a net margin of 6.28% and a trailing twelve-month return on equity of 21.25%. During the same period in the previous year, the firm posted $1.52 EPS.

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

Progressive declared a quarterly dividend on Friday, March 1st. Investors of record on Thursday, April 4th will be given a dividend of $0.10 per share on Friday, April 12th. This represents a $0.40 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Wednesday, April 3rd.
Read our dividend analysis for PGR
.

Is Progressive a good dividend stock?

Progressive (NYSE:PGR) pays an annual dividend of $0.85 per share and currently has a dividend yield of 0.42%. The dividend payout ratio is 12.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGR will have a dividend payout ratio of 7.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGR.

How will Progressive's stock buyback program work?

Progressive announced that its board has approved a stock repurchase program on Wednesday, May 18th 2022, which authorizes the company to buyback 25,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

What is Tricia Griffith's approval rating as Progressive's CEO?

985 employees have rated Progressive Chief Executive Officer Tricia Griffith on Glassdoor.com. Tricia Griffith has an approval rating of 93% among the company's employees. This puts Tricia Griffith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Walt Disney (DIS), CVS Health (CVS), Intel (INTC), Home Depot (HD), AT&T (T), UnitedHealth Group (UNH), Mastercard (MA), Pfizer (PFE) and Alibaba Group (BABA).

Who are Progressive's major shareholders?

Progressive's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.80%), Vanguard Group Inc. (8.79%), Wellington Management Group LLP (3.53%), Massachusetts Financial Services Co. MA (2.55%), Price T Rowe Associates Inc. MD (1.46%) and Principal Financial Group Inc. (1.25%). Insiders that own company stock include Andrew J Quigg, Barbara R Snyder, Daniel P Mascaro, Devin C Johnson, Dyke Kahina Van, Jeffrey D Kelly, John Jo Murphy, John P Sauerland, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Mariann Wojtkun Marshall, Michael D Sieger, Patrick K Callahan, Philip Bleser, Roger N Farah, Steven Broz, Stuart B Burgdoerfer and Susan Patricia Griffith.
View institutional ownership trends
.

How do I buy shares of Progressive?

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.

Does Progressive have any subsidiaries?
The following companies are subsidiares of Progressive: 358 Ventures Inc., ARX Holding Corp., ASI Assurance Corp., ASI Home Insurance Corp., ASI Lloyds Inc., ASI Preferred Insurance Corp., ASI Select Auto Insurance Corp., ASI Select Insurance Corp., ASI Underwriters Corp., ASI Underwriters of Texas Inc., American Strategic Insurance Corp, American Strategic Insurance Corp., Ark Royal Underwriters LLC, Artisan and Truckers Casualty Company, B&L Brokerage Services Inc., B&L Insurance Ltd., B&L Management Inc., Blue Hill Specialty Insurance Company Inc., Drive Insurance Holdings Inc., Drive New Jersey Insurance Company, Gadsden AL LLC, Garden Sun Insurance Services Inc., Mountain Laurel Assurance Company, National Continental Insurance Company, PC Investment Company, Pacific Motor Club, Progny Agency Inc., Progressive Adjusting Company Inc., Progressive Advanced Insurance Company, Progressive Advantage Agency Inc., Progressive American Insurance Company, Progressive Auto Pro Insurance Agency Inc., Progressive Bayside Insurance Company, Progressive Capital Management Corp., Progressive Casualty Insurance Company, Progressive Choice Insurance Company, Progressive Classic Insurance Company, Progressive Commercial Advantage Agency Inc., Progressive Commercial Casualty Company, Progressive Commercial Holdings Inc., Progressive Direct Holdings Inc., Progressive Direct Insurance Company, Progressive Express Insurance Company, Progressive Freedom Insurance Company, Progressive Garden State Insurance Company, Progressive Gulf Insurance Company, Progressive Hawaii Insurance Corp., Progressive Innovation Co., Progressive Investment Company Inc., Progressive Life Insurance Company, Progressive Marathon Insurance Company, Progressive Max Insurance Company, Progressive Michigan Insurance Company, Progressive Mountain Insurance Company, Progressive Northern Insurance Company, Progressive Northwestern Insurance Company, Progressive Paloverde Insurance Company, Progressive Preferred Insurance Company, Progressive Premier Insurance Company of Illinois, Progressive Premium Budget Inc., Progressive Property Insurance Company, Progressive RSC Inc., Progressive Security Insurance Company, Progressive Select Insurance Company, Progressive Southeastern Insurance Company, Progressive Specialty Insurance Company, Progressive Universal Insurance Company, Progressive Vehicle Service Company, Progressive West Insurance Company, PropertyPlus Insurance Agency Inc., Protective Insurance, Protective Insurance Company, Protective Insurance Corporation, Protective Specialty Insurance Company, Sagamore Insurance Company, Sunshine Security Insurance Agency Inc., Transport Specialty Insurance Agency Inc., Trussville/Cahaba AL LLC, United Financial Casualty Company, Village Transport Corp., and Wilson Mills Land Co..
Read More
This page (NYSE:PGR) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners