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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$137.59 - $260.46
Previous Close$256.31
Volume1.74M
Average Volume (3M)2.45M
Market Cap
$150.11B
Enterprise Value$150.11B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)21.9
Beta0.32
Next Earnings
Oct 10, 2024EPS Estimate
$3.46Next Dividend Ex-Date
Oct 03, 2024Dividend Yield0.45%
Share Statistics
EPS (TTM)11.69
Shares Outstanding585,666,665
10 Day Avg. Volume2,373,244
30 Day Avg. Volume2,447,824
Standard Deviation0.06
R-Squared0.08
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)6.43
Price to Sales (P/S)2.21
Price to Cash Flow (P/CF)11.50
P/FCF Ratio11.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.21
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$261.00Price Target Upside1.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
Progressive News
Bulls Say, Bears Say
Bulls Say
Economies Of ScaleProgressive is leveraging a newfound economies of scale into its business that it did not possess just a few years ago.
Market ShareThis sets up the company well for potentially 20%+ market share in 5 years.
Premium GrowthProgressive is seeing strong premium growth driven largely by policy-in-force (PIF) adds.
Bears Say
Expense RatioIts expense ratio continues to increase, especially in the direct channel, showing the company's push on the advertising side.
Stock PerformanceStrong share price performance also implies a tougher setup into the monthly print; for the shares to further outperform in the near term, August results may need to come in notably above sell-side expectations.
Underwriting MarginsIt is universally expected that Progressive’s underwriting margins would contract in 2025.
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Ownership Overview
8.36% Insiders
26.79% Mutual Funds
38.74% Other Institutional Investors
26.11% 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 $137.59 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 Oct 10, 2024 which is in 21 days.
How were Progressive Corp.’s earnings last quarter?
Progressive Corp. released its earnings results on Aug 05, 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 0.45%. See more information on Progressive Corp. dividends here
What is Progressive Corp.’s EPS estimate?
Progressive Corp.’s EPS estimate is $3.46.
How many shares outstanding does Progressive Corp. have?
Progressive Corp. has 585,666,700 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 down -2.78%.
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
Moderate Buy
Average Price Target:
$261.00 (1.59% Upside)
$261.00 (1.59% Upside)
Blogger Sentiment
Bullish
PGR Sentiment 92%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 2.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days <0.1%
Last 30 Days ▲ 16.7%
Last 30 Days ▲ 16.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
85.98%
12-Months-Change
Fundamentals
Return on Equity
34.45%
Trailing 12-Months
Asset Growth
20.13%
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
$261.00
▲(1.59% Upside)
Technical Analysis
Best Analysts Covering PGR
1 Year
1 Year Success Rate
30/31 ratings generated profit
1 Year Average Return
+34.59%
reiterated a buy rating 3 days 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 +34.59% per trade.
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