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Progressive Corp. (PGR)
NYSE:PGR
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PGR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$149.14 - $260.46
Previous Close$248.07
Volume3.71M
Average Volume (3M)2.21M
Market Cap
$141.43B
Enterprise Value$141.43B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)17.5
Beta0.12
Next Earnings
Apr 10, 2025EPS Estimate
$3.1Last Dividend Ex-Date
Oct 03, 2024Dividend Yield0.48%
Share Statistics
EPS (TTM)13.77
Shares Outstanding585,811,503
10 Day Avg. Volume1,922,190
30 Day Avg. Volume2,209,570
Standard Deviation0.06
R-Squared0.09
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)6.22
Price to Sales (P/S)2.09
Price to Cash Flow (P/CF)10.80
P/FCF Ratio10.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.96
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$277.59Price Target Upside7.28% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
Progressive News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company's strong year-to-date margin allows for continued advertising spend, supporting the expectation of stock performance.
Growth PotentialBoth Direct and Agency saw record quoting volume and new business applications in Q3.
Market PositionDespite more competitors returning to the market, the company's favorable cost per sale and current margins provide opportunities for growth.
Bears Say
Catastrophe LossesElevated catastrophe losses and preliminary estimates for October could serve as a headwind, impacting financial results.
Expense ManagementThe expense ratio continues to increase, particularly in the direct channel, reflecting the company's push on advertising.
Financial PerformanceThe September earnings per share result was lower than forecasted due to significant losses related to Hurricane Helene.
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Ownership Overview
0.28% Insiders
24.73% Mutual Funds
4.42% Other Institutional Investors
50.29% 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 $149.14 and its highest was $260.46 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 Apr 10, 2025 which is in 153 days.
How were Progressive Corp.’s earnings last quarter?
Progressive Corp. released its earnings results on Oct 15, 2024. The company reported $4.459 earnings per share for the quarter, beating the consensus estimate of $3.685 by $0.774.
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 0.48%. See more information on Progressive Corp. dividends here
What is Progressive Corp.’s EPS estimate?
Progressive Corp.’s EPS estimate is $3.1.
How many shares outstanding does Progressive Corp. have?
Progressive Corp. has 585,811,500 shares outstanding.
What happened to Progressive Corp.’s price movement after its last earnings report?
Progressive Corp. reported an EPS of $4.459 in its last earnings report, beating expectations of $3.685. Following the earnings report the stock price went down -0.111%.
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 832M.
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Progressive Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$277.59 (7.28% Upside)
$277.59 (7.28% Upside)
Blogger Sentiment
Bullish
PGR Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 2.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $550.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.5%
Last 30 Days ▲ 7.8%
Last 30 Days ▲ 7.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
64.57%
12-Months-Change
Fundamentals
Return on Equity
36.41%
Trailing 12-Months
Asset Growth
24.99%
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 Company Deck
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PGR Earnings Call
Q2 2024
0:00 / 0:00
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PGR Stock 12 Month Forecast
Average Price Target
$277.59
▲(7.28% Upside)
Technical Analysis
Best Analysts Covering PGR
1 Year
1 Year Success Rate
30/31 ratings generated profit
1 Year Average Return
+32.64%
reiterated a buy rating 2 months ago
Copying Harry Fong's trades and holding each position for 1 Year would result in 96.77% of your transactions generating a profit, with an average return of +32.64% per trade.
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