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The Progressive Corporation (PGR)

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259.24 +3.94 (+1.54%)
At close: September 20 at 4:00 PM EDT
259.73 +0.49 (+0.19%)
After hours: September 20 at 8:00 PM EDT
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DELL
  • Previous Close 255.30
  • Open 255.21
  • Bid 255.00 x 900
  • Ask 261.00 x 1000
  • Day's Range 254.20 - 259.51
  • 52 Week Range 137.59 - 260.46
  • Volume 2,205,584
  • Avg. Volume 2,431,206
  • Market Cap (intraday) 151.862B
  • Beta (5Y Monthly) 0.35
  • PE Ratio (TTM) 22.18
  • EPS (TTM) 11.69
  • Earnings Date Nov 1, 2024 - Nov 5, 2024
  • Forward Dividend & Yield 0.40 (0.15%)
  • Ex-Dividend Date Oct 3, 2024
  • 1y Target Est 262.38

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.

www.progressive.com

61,432

Full Time Employees

December 31

Fiscal Year Ends

Recent News: PGR

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Performance Overview: PGR

Trailing total returns as of 9/20/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

PGR
63.73%
S&P 500
19.55%

1-Year Return

PGR
83.18%
S&P 500
28.32%

3-Year Return

PGR
187.93%
S&P 500
28.64%

5-Year Return

PGR
283.56%
S&P 500
89.66%

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Statistics: PGR

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Valuation Measures

Annual
As of 9/20/2024
  • Market Cap

    151.86B

  • Enterprise Value

    158.66B

  • Trailing P/E

    22.20

  • Forward P/E

    20.53

  • PEG Ratio (5yr expected)

    1.07

  • Price/Sales (ttm)

    2.25

  • Price/Book (mrq)

    6.51

  • Enterprise Value/Revenue

    2.34

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    10.18%

  • Return on Assets (ttm)

    6.22%

  • Return on Equity (ttm)

    34.45%

  • Revenue (ttm)

    67.8B

  • Net Income Avi to Common (ttm)

    6.86B

  • Diluted EPS (ttm)

    11.69

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    823.6M

  • Total Debt/Equity (mrq)

    29.52%

  • Levered Free Cash Flow (ttm)

    12.94B

Research Analysis: PGR

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Earnings Per Share

Consensus EPS
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

162.00 Low
262.38 Average
259.24 Current
309.00 High
 

Company Insights: PGR

Research Reports: PGR

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  • Progressive Is Playing With a Hot Hand

    Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

    Rating
    Price Target
     
  • New auto policies driving earnings

    Progressive Corp., based in Mayfield Village, Ohio, is a leading property & casualty insurance company. The company sells insurance through independent agencies and its own direct-sales website. The shares are included in the S&P 500 index.

    Rating
    Price Target
     
  • U.S. stocks, at midday, appear stable and are making some headway up.

    U.S. stocks, at midday, appear stable and are making some headway up. The major indices are up more than 1%. The mood is cautious. The start was helped by Japan's Nikkei which rose 10% overnight after the dramatic fall the day before. The U.S. is deep into earnings season and reports are driving individual stock moves. Overall, global markets continue to recalibrate.

     
  • Daily – Vickers Top Buyers & Sellers for 07/22/2024

    The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

     

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