The Progressive Corporation (PGR)
NYSE:PGR
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PGR Stock Chart & Stats
$202.58
$4.69(1.94%)
At close: 4:00 PM EST
$202.58
$4.69(1.94%)
Day’s Range― - ―
52-Week Range$189.20 - $267.93
Previous CloseN/A
Volume867.77K
Average Volume (3M)3.06M
Market Cap
$119.59B
Enterprise Value$119.45B
Total Cash (Recent Filing)$2.29B
Total Debt (Recent Filing)$8.39B
Price to Earnings (P/E)10.4
Beta0.51
Next Earnings
Jul 09, 2026EPS Estimate
4.43Next Dividend Ex-DateN/A
Dividend Yield2.2%
Share Statistics
EPS (TTM)19.72
Shares Outstanding584,336,500
10 Day Avg. Volume2,688,137
30 Day Avg. Volume3,056,605
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)4.40
Price to Sales (P/S)1.52
P/FCF Ratio7.76
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue1.34
Enterprise Value/Gross Profit4.70
Enterprise Value/Ebitda7.89
Forecast
1Y Price Target
$230.07Price Target Upside13.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)16.82
Revenue Forecast (FY)$89.05B
Bulls Say, Bears Say
Bulls Say
Revenue & Margin MomentumProgressive has materially scaled revenue while restoring profitability: revenues nearly doubled over several years and net margins improved to low-double digits. Durable top-line scale plus stronger underwriting margins support sustained float growth, reinvestment capacity, and competitive underwriting leverage over months.
Strong Cash GenerationHigh free cash flow and close alignment of FCF with net income indicate reliable cash conversion from operations. This durable cash engine funds underwriting needs, dividends, and buybacks while providing flexibility to absorb adverse claims or invest in distribution and technology over the medium term.
Strategic Leadership & Capital ActionsConsolidating strategy and finance into the new CFO role signals continuity between long-term planning and capital allocation. Combined with board-approved buybacks and dividend continuation, this implies disciplined capital return and governance that support shareholder-aligned policies and steady capital management over coming quarters.
Bears Say
Balance-sheet DeteriorationA sharp TTM jump in leverage and a much lower reported equity base materially increases financial risk and reduces loss-absorbing capacity. This structural capital deterioration can constrain underwriting flexibility, amplify earnings volatility, and make ROE figures less reliable until capitalization normalizes.
Cash-flow Growth VariabilityAlthough FCF remains large, recent negative growth versus the prior period and volatile operating cash coverage point to timing and cycle sensitivity. Persistent variability would complicate multi-quarter planning for buybacks, reserve funding, and catastrophe preparedness, weakening predictability of capital deployment.
Underwriting & Catastrophe ExposureProgressive’s core earnings depend on underwriting performance which is structurally exposed to claim frequency, repair/medical inflation, litigation and weather events. These secular and episodic risks can erode underwriting margins and force repricing or increased reinsurance, creating persistent pressure on profitability.
Progressive News
PGR FAQ
What was The Progressive Corporation’s price range in the past 12 months?
The Progressive Corporation lowest stock price was $189.20 and its highest was $267.93 in the past 12 months.
What is The Progressive Corporation’s market cap?
The Progressive Corporation’s market cap is $119.59B.
When is The Progressive Corporation’s upcoming earnings report date?
The Progressive Corporation’s upcoming earnings report date is Jul 09, 2026 which is in 20 days.
How were The Progressive Corporation’s earnings last quarter?
The Progressive Corporation released its earnings results on Apr 15, 2026. The company reported $4.596 earnings per share for the quarter, missing the consensus estimate of $4.853 by -$0.257.
Is The Progressive Corporation overvalued?
According to Wall Street analysts The Progressive Corporation’s price is currently Undervalued.
Does The Progressive Corporation pay dividends?
The Progressive Corporation pays a Quarterly dividend of $0.1 which represents an annual dividend yield of 2.2%. See more information on The Progressive Corporation dividends here
What is The Progressive Corporation’s EPS estimate?
The Progressive Corporation’s EPS estimate is 4.43.
How many shares outstanding does The Progressive Corporation have?
The Progressive Corporation has 584,336,500 shares outstanding.
What happened to The Progressive Corporation’s price movement after its last earnings report?
The Progressive Corporation reported an EPS of $4.596 in its last earnings report, missing expectations of $4.853. Following the earnings report the stock price went up 2.36%.
Which hedge fund is a major shareholder of The Progressive Corporation?
Currently, no hedge funds are holding shares in PGR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Progressive Stock Smart Score
Outperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$230.07 (13.57% Upside)
$230.07 (13.57% Upside)
Blogger Sentiment
Bullish
PGR Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 463.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $254.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.2%
Last 30 Days ▼ 0.4%
Last 30 Days ▼ 0.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-18.09%
12-Months-Change
Fundamentals
Return on Equity
45.08%
Trailing 12-Months
Asset Growth
10.65%
Trailing 12-Months
Company Description
The Progressive Corporation
The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its portfolio includes personal and commercial vehicle coverage, residential and commercial property protection, general liability, and various other specialized property-casualty insurance options. The company's operations are structured into three main divisions: Personal Lines, Commercial Lines, and Property. Within the Personal Lines segment, Progressive provides coverage for individual automobiles and recreational vehicles. Offerings range from standard personal auto policies to specialized options for motorcycles, all-terrain vehicles (ATVs), RVs, watercraft, snowmobiles, and similar forms of personal transport. The Commercial Lines division focuses on providing primary liability and physical damage insurance for business vehicles, alongside general liability and property insurance tailored for commercial applications. This segment insures a diverse array of vehicles, including cars, vans, pickup trucks, and dump trucks for small businesses; tractors, trailers, and straight trucks for regional freight, expedited shipping, and long-haul transport companies; heavy-duty vehicles like dump trucks, log trucks, and garbage trucks used in industries such as construction, logging, and mining; and tow trucks and wreckers for towing and service stations, as well as various non-fleet taxis and premium car services. The Property segment offers residential insurance solutions for homeowners, other property owners, and renters. Its portfolio further extends to include personal umbrella policies and both primary and excess flood insurance. Beyond underwriting, the company facilitates policy issuance and claims adjusting. It also serves as an agent for various additional insurance products, such as homeowner general liability and workers' compensation, and provides reinsurance services. Progressive's products are distributed through independent insurance agencies, as well as directly to consumers via its online platforms (including mobile access) and telephone channels. Established in 1937, The Progressive Corporation maintains its headquarters in Mayfield, Ohio.
PGR Company Deck
PGR Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized a very strong 2025 characterized by exceptional growth and profitability: ~ $9B net premiums written, ~3.7M new policies, comprehensive income near $13B, comprehensive ROE ~40%, and investment portfolio returns of 7.33%. Management reinforced disciplined capital and investment policies (variable dividend of $13.50/share, targeted leverage <30%, conservative investment guidelines) while pursuing growth via higher operating leverage and strategic initiatives (Three Horizons, product diversification, AI/UBI). Notable challenges were acknowledged but comparatively smaller in scale: Florida rate cuts and a $1.2B policyholder credit, softer personal-line premium growth in parts of the year, trucking headwinds, and areas of BI severity to watch. Overall, the positives (substantial growth, industry-leading returns, strong investment performance, and active capital returns) outweigh the highlighted risks and operational headwinds.View all PGR earnings summariesPGR Stock 12 Month Forecast
Average Price Target
$230.07
▲(13.57% Upside)
Technical Analysis
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Ownership Overview
0.25% Insiders
26.95% Mutual Funds
24.41% Other Institutional Investors
24.65% Public Companies and Individual Investors