The Progressive Corporation (PGR)
| Market Cap | 142.75B |
| Revenue (ttm) | 71.96B |
| Net Income (ttm) | 8.08B |
| Shares Out | 585.81M |
| EPS (ttm) | 13.76 |
| PE Ratio | 17.71 |
| Forward PE | 17.45 |
| Dividend | $4.90 (2.01%) |
| Ex-Dividend Date | Jan 10, 2025 |
| Volume | 1,582,855 |
| Open | 245.73 |
| Previous Close | 245.54 |
| Day's Range | 243.63 - 246.83 |
| 52-Week Range | 169.57 - 270.62 |
| Beta | 0.41 |
| Analysts | Buy |
| Price Target | 274.06 (+12.47%) |
| Earnings Date | Jan 29, 2025 |
About PGR
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment’s products include personal auto insurance; and special lines products, including i... [Read more]
Financial Performance
In 2023, PGR's revenue was $62.08 billion, an increase of 25.20% compared to the previous year's $49.59 billion. Earnings were $3.86 billion, an increase of 456.41%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for PGR stock is "Buy." The 12-month stock price forecast is $274.06, which is an increase of 12.47% from the latest price.
News
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...
Progressive Reports September 2024 Results
MAYFIELD VILLAGE, OHIO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended September 30, 2024 and the third quarter of 20...
Hurricane Milton Hits Florida. What It Means for Airlines, Theme Park Stocks.
Insurance companies such as Allstate, Progressive and Everest Group, had seen stocks plummet in anticipation of Milton. Airlines have canceled flights, and Disney and Universal have shut Florida theme...
Progressive: A Backbone For Your Portfolio
Progressive is a top performer in the insurance industry, boasting over 20 million active policies and a market cap above $150 billion. The company has delivered impressive returns, outperforming the ...
Calls of the Day: Colgate, Oracle, Progressive and Exxon
The Investment Committee discuss the latest Calls of the Day.
Progressive Reports August 2024 Results
MAYFIELD VILLAGE, OHIO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended August 31, 2024:
S&P 500 Gains and Losses Today: Progressive, Schwab Boosted by Strong Monthly Updates
Major U.S. equities indexes ticked higher as the latest Consumer Price Index (CPI) data revealed that inflation cooled slightly more than expected. The key inflation gauge rose 2.9% over the year in J...
Progressive Reports July 2024 Results
MAYFIELD VILLAGE, OHIO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended July 31, 2024:
Progressive Announces Quarterly Common Share Dividend
MAYFIELD VILLAGE, OHIO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- On August 2, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable Octobe...
Progressive Announces Investor Relations Event
MAYFIELD VILLAGE, OHIO, July 30, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations event on Tuesday, August 6, 2024, beginning a...