The Progressive Corporation (PGR)
| Market Cap | 160.87B |
| Revenue (ttm) | 75.34B |
| Net Income (ttm) | 8.46B |
| Shares Out | 586.21M |
| EPS (ttm) | 14.40 |
| PE Ratio | 19.06 |
| Forward PE | 17.94 |
| Dividend | $4.90 (1.79%) |
| Ex-Dividend Date | Apr 3, 2025 |
| Volume | 1,758,191 |
| Open | 275.19 |
| Previous Close | 274.00 |
| Day's Range | 272.14 - 275.94 |
| 52-Week Range | 201.34 - 292.99 |
| Beta | 0.35 |
| Analysts | Buy |
| Price Target | 280.25 (+2.11%) |
| Earnings Date | Apr 11, 2025 |
About PGR
The Progressive Corporation operates as an insurance company in the United States. The company writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. It also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos; business-related general liability and commercial proper... [Read more]
Financial Performance
In 2024, PGR's revenue was $75.34 billion, an increase of 21.36% compared to the previous year's $62.08 billion. Earnings were $8.46 billion, an increase of 118.97%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for PGR stock is "Buy." The 12-month stock price forecast is $280.25, which is an increase of 2.11% from the latest price.
News
Progressive Reports February 2025 Results
MAYFIELD VILLAGE, OHIO, March 19, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended February 28, 2025:
Progressive: Fundamentally Strong, But Earning Multiples Are Elevated, Hold For Now
Progressive Corp reported strong Q4 and FY results, with a 21% increase in net written premiums and over 5 million new policies in 2024. The company is well-positioned for 2025, with improved pricing ...
AMZN King in Retail & Cloud, PGR Defensive Pick, Software's A.I. Edge
Jed Ellerbroek talks about his top stock picks as tariff uncertainty continues to circulate in the markets. He labels Amazon (AMZN) as a dominant company not just in retail and ecommerce, but also in ...
Progressive Announces Quarterly Common Share Dividend
MAYFIELD VILLAGE, OHIO, March 10, 2025 (GLOBE NEWSWIRE) -- On March 7, 2025, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable April ...
The Progressive Corporation (PGR) Q4 2024 Earnings Call Transcript
The Progressive Corporation (NYSE:PGR) Q4 2024 Earnings Conference Call March 4, 2025 9:30 AM ET Company Participants Douglas Constantine - Director of Investor Relations Tricia Griffith - President ...
Earnings, Policy Growth Keep Progressive Gaining
Progressive Corporation (PGR) grows policies, earnings as insurance demand and premiums remain high.
Progressive Announces Investor Relations Event
MAYFIELD VILLAGE, OHIO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations event on Tuesday, March 4, 2025, beginning at...
Progressive Reports January 2025 Results
MAYFIELD VILLAGE, OHIO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended January 31, 2025:
Progressive: One Of The Most Resilient Uptrends, Still Fairly Priced
Progressive is one of the largest and most recognized players in the U.S. insurance market with an efficient business model that relies on online sales. The Company's growth potential, combined with o...
Progressive Reports December 2024 Results
MAYFIELD VILLAGE, OHIO, Jan. 29, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended December 31, 2024:
U.S. Bank Earnings Poised To Rebound Even As Credit Slips
Significant improvements in private-passenger auto insurance underwriting results in 2024 have triggered changes in the competitive environment that have begun to manifest themselves in the third-larg...
Allstate, Chubb, Progressive Face Significant Losses From Wildfires, Weather Events Say Analysts Ahead Of Q4 Reports
As the earnings season gets underway, analysts from BofA Securities released a preview on Friday of what to expect from major insurers' fourth-quarter reports.
How interest rates might affect insurance stocks in 2025
Global insurance premiums declined in 2024 for the first time since 2017, driven by lower rates. BofA Securities senior insurance analyst Joshua Shanker joins Market Domination to analyze the insuranc...
Viking Global's Bullish Bets: Top 3 Financial Stocks Powering Its Portfolio
Viking Global Investors, the $27 billion investment giant led by Ole Andreas Halvorsen , is making waves with bold bets in the financial sector.
Progressive Reports November 2024 Results
MAYFIELD VILLAGE, OHIO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended November 30, 2024:
Progressive: Superior Fundamentals Seem To Be Priced In
Progressive Corp. has shown remarkable growth, with revenues increasing from $48 billion in 2021 to $58 billion in 2023 and expected to reach $75 billion in 2024. The company's technological capabilit...
Progressive Announces Dividend Information And 2025 Annual Meeting Record Date
MAYFIELD VILLAGE, OHIO, Dec. 09, 2024 (GLOBE NEWSWIRE) -- On December 6, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared an annual common share dividend, in the amount ...
Auto Insurer Progressive Held Up In Traffic As Valuation Puts Brakes On Rating
Progressive stock gets prior hold rating reaffirmed, as it trades at a 10-year high and surpasses peer averages in valuation. The stock offers a paltry dividend yield vs. peers, with limited growth hi...
Progressive Reports October 2024 Results
MAYFIELD VILLAGE, OHIO, Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended October 31, 2024:
The Progressive Corporation (PGR) Q3 2024 Earnings Call Transcript
The Progressive Corporation (NYSE:PGR) Q3 2024 Earnings Conference Call November 5, 2024 9:30 AM ET Company Participants Doug Constantine - Director, Investor Relations Tricia Griffith - President an...
Progressive Announces Investor Relations Call
MAYFIELD VILLAGE, OHIO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on Tuesday, November 5, 2024,...
Progressive: Skyrocketing Car Insurance Costs Increase Consumer Price Sensitivity
Progressive's performance in 2024 was strong, driven by technological advantages that led to higher margins and tremendous sales growth. Since last year, car insurance premiums have risen much faster ...
Progressive Leads the Way as Analysts Bet Big on Insurance Stocks
Most investors dismiss insurance stocks as the boring niche in the finance sector without realizing that this industry could significantly outperform all others during an economy ridden by threats of ...
Progressive Is A Buy On Its Justified Valuation
Progressive is a robust insurance company that has been on an absolute tear in the last few years, which led to a large valuation bubble. The bubble didn't pop. Instead, PGR has changed their trends a...