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Progressive Corp. (PGR)
NYSE:PGR
Progressive (PGR) Stock Price & Analysis
1,173 Followers
PGR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$121.06 - $229.00
Previous Close$219.35
Volume3.21M
Average Volume (3M)2.57M
Market Cap
$128.47B
Enterprise Value$128.47B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)18.8
Beta0.30
Next Earnings
Oct 10, 2024EPS Estimate
$2.63Last Dividend Ex-Date
Jul 03, 2024Dividend Yield0.52%
Share Statistics
EPS (TTM)11.69
Shares Outstanding585,698,387
10 Day Avg. Volume2,717,040
30 Day Avg. Volume2,574,538
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/Revenue1.98
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$243.75Price Target Upside11.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
Progressive News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company saw an exceptional underlying margin plus good PIF growth.
Growth OutlookProgressive grew its personal auto policy count by 5.3%, its fastest 2Q growth rate since 2002, auguring for a strong growth outlook.
Market PositionThe company's scale allows it to meaningfully outspend peers on advertising and growth, driving continued market share gains.
Bears Say
CompetitionPeer Allstate's advertising budget is expected to double, potentially increasing acquisition costs for Progressive.
ExpensesProgressive’s expense ratio increased to 18.8%, significantly higher than the previous figure of 16.3%.
GrowthNear-term personal auto policy count growth estimates are reduced following a miss based on app download tracker regression.
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Ownership Overview
8.36% Insiders
27.65% Mutual Funds
21.02% Other Institutional Investors
42.98% 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 $121.06 and its highest was $229.00 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 Oct 10, 2024 which is in 80 days.
How were Progressive Corp.’s earnings last quarter?
Progressive Corp. released its earnings results on Jul 11, 2024. The company reported $2.648 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.598.
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 0.52%. See more information on Progressive Corp. dividends here
What is Progressive Corp.’s EPS estimate?
Progressive Corp.’s EPS estimate is $2.63.
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 $2.648 in its last earnings report, beating expectations of $2.05. Following the earnings report the stock price went up 0.871%.
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
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$243.75 (11.12% Upside)
$243.75 (11.12% Upside)
Blogger Sentiment
Bullish
PGR Sentiment 85%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 3.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.6%
Last 30 Days ▲ 2.2%
Last 30 Days ▲ 2.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.78%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
20.50%
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
$243.75
▲(11.12% Upside)
Technical Analysis
Best Analysts Covering PGR
1 Year
1 Year Success Rate
29/29 ratings generated profit
1 Year Average Return
+31.09%
reiterated a buy rating 5 days ago
Copying Harry Fong's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +31.09% per trade.
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