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Progressive Corp. (PGR)
NYSE:PGR
Progressive (PGR) Stock Price & Analysis
1,139 Followers
PGR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$110.67 - $217.67
Previous Close$210.18
Volume1.70M
Average Volume (3M)2.65M
Market Cap
$123.10B
Enterprise Value$123.10B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)21.5
Beta0.33
Next Earnings
Jul 11, 2024EPS Estimate
$2.09Last Dividend Ex-Date
Jul 03, 2024Dividend Yield0.55%
Share Statistics
EPS (TTM)9.77
Shares Outstanding585,698,387
10 Day Avg. Volume2,717,040
30 Day Avg. Volume2,646,733
Standard Deviation0.06
R-Squared0.09
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)5.62
Price to Sales (P/S)7.26
Price to Cash Flow (P/CF)7.20
P/FCF Ratio7.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.89
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$234.50Price Target Upside11.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Progressive News
PremiumCompany Announcements
Progressive Unveils Latest Financial Results for May 2024
PremiumPress Releases
Progressive Reports May 2024 Results
Bulls Say, Bears Say
Bulls Say
Expense ManagementAs Progressive grows its policy count, the company has a wider base to spread out non-claim related expenses which could reduce the company’s expense ratio.
Policy GrowthMay 2024 policy additions well-ahead of expectations.
Underwriting StandardsSub 70% attritional loss ratio indicates underwriting standards did not deteriorate.
Bears Say
EarningsMay 2024 EPS of just $0.19/sh was well below forecast of $0.88/sh, driven entirely by catastrophe losses.
Financial PerformanceElevated 12.3% of CAT loss ratio due to severe storms resulted in a total company combined ratio of 100.4%.
Growth ConcernsThe desire for immediate market share grab and dramatic PIF growth, while alluring, may not be realistic, nor will it serve the best interest of Progressive.
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Ownership Overview
8.36% Insiders
27.65% Mutual Funds
19.25% Other Institutional Investors
44.74% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PGR FAQ
What was Progressive Corp.’s price range in the past 12 months?
Progressive Corp. lowest stock price was $110.67 and its highest was $217.67 in the past 12 months.
What is Progressive Corp.’s market cap?
Currently, no data Available
When is Progressive Corp.’s upcoming earnings report date?
Progressive Corp.’s upcoming earnings report date is Jul 11, 2024 which is in 4 days.
How were Progressive Corp.’s earnings last quarter?
Progressive Corp. released its earnings results on Apr 12, 2024. The company reported $4.205 earnings per share for the quarter, beating the consensus estimate of $3.215 by $0.99.
Is Progressive Corp. overvalued?
According to Wall Street analysts Progressive Corp.’s price is currently Undervalued.
Does Progressive Corp. pay dividends?
Progressive Corp. pays a Quarterly dividend of $0.1 which represents an annual dividend yield of 0.55%. See more information on Progressive Corp. dividends here
What is Progressive Corp.’s EPS estimate?
Progressive Corp.’s EPS estimate is $2.09.
How many shares outstanding does Progressive Corp. have?
Progressive Corp. has 585,698,360 shares outstanding.
What happened to Progressive Corp.’s price movement after its last earnings report?
Progressive Corp. reported an EPS of $4.205 in its last earnings report, beating expectations of $3.215. Following the earnings report the stock price went up 0.811%.
Which hedge fund is a major shareholder of Progressive Corp.?
Among the largest hedge funds holding Progressive Corp.’s share is Viking Global Investors LP. It holds Progressive Corp.’s shares valued at 627M.
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Progressive Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$234.50 (11.57% Upside)
$234.50 (11.57% Upside)
Blogger Sentiment
Bullish
PGR Sentiment 83%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 3.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $343.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 1.5%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
61.11%
12-Months-Change
Fundamentals
Return on Equity
29.92%
Trailing 12-Months
Asset Growth
19.31%
Trailing 12-Months
Company Description
Progressive Corp.
The Progressive Corporation is one of the leading auto insurers in the United States. The company also offers residential property insurance, reinsurance, and other specialty property-casualty insurance and related services. Its Personal Lines business unit covers insurance for personal automobiles, recreational and other vehicles. Under the Commercial Lines division, Progressive writes primary liability and physical damage insurance for automobiles owned by small businesses. Its Property segment offers residential property insurance for homeowners, renters and other property owners.
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PGR Stock 12 Month Forecast
Average Price Target
$234.50
▲(11.57% Upside)
Technical Analysis
Best Analysts Covering PGR
1 Year
1 Year Success Rate
28/28 ratings generated profit
1 Year Average Return
+29.36%
reiterated a buy rating 11 days ago
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