The Progressive Corporation (PGR)

NYSE: PGR · IEX Real-Time Price · USD
122.46
+0.44 (0.36%)
Aug 16, 2022 11:42 AM EDT - Market open
0.36%
Market Cap 71.63B
Revenue (ttm) 47.71B
Net Income (ttm) 824.90M
Shares Out 584.92M
EPS (ttm) 1.40
PE Ratio 87.47
Forward PE 25.19
Dividend $1.90 (1.55%)
Ex-Dividend Date Oct 6, 2022
Volume 606,531
Open 121.64
Previous Close 122.01
Day's Range 121.45 - 122.69
52-Week Range 89.35 - 122.69
Beta 0.45
Analysts Hold
Price Target 116.60 (-4.8%)
Earnings Date Aug 17, 2022

About PGR

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, 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 insurance for moto... [Read more...]

Industry Insurance
Founded 1937
CEO Susan Griffith
Employees 49,077
Stock Exchange NYSE
Ticker Symbol PGR
Full Company Profile

Financial Performance

In 2021, PGR's revenue was $47.70 billion, an increase of 11.82% compared to the previous year's $42.66 billion. Earnings were $3.35 billion, a decrease of -41.26%.

Financial Statements

Analyst Forecast

According to 27 analysts, the average rating for PGR stock is "Hold." The 12-month stock price forecast is 116.6, which is a decrease of -4.78% from the latest price.

Price Target
$116.6
(-4.78% downside)
Analyst Consensus: Hold
Stock Forecasts

News

The Best-Run Auto Insurer May Not Be the Best Stock to Buy

Auto insurers' shares have held up this year despite poor results, as investors figure the companies eventually will realize a double benefit from higher insurance premiums and higher rates.

Progressive Announces Quarterly Common and Preferred Share Dividends

MAYFIELD VILLAGE, OHIO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- On August 5, 2022, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable October ...

10 Dividend Growth Stocks Delivering Impressive Increases

There are two ways to think about dividend growth stocks. You can view them as companies consistently increasing their annual dividend payment, such as the Dividend Aristocrats, which are individual S&P...

Progressive Announces Investor Relations Event

MAYFIELD VILLAGE, OHIO, July 27, 2022 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations event on Wednesday, August 3, 2022, beginning a...

7 Best Insurance Stocks to Buy Now

With inflation clouding economic stability, these best insurance stocks to buy now can help protect you from the monetary storm. The post 7 Best Insurance Stocks to Buy Now appeared first on InvestorPlace.

Other symbols: AFLALLMETPRUSLFUNH

Progressive (PGR) Q2 Earnings Meet Estimates, Premiums Rise Y/Y

Progressive's (PGR) Q2 earnings reflect improvement in the top line, offset by higher expenses.

Progressive (PGR) Meets Q2 Earnings Estimates

Progressive (PGR) delivered earnings and revenue surprises of 0% and 1.32%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

5 Property & Casualty Insurers to Gain Despite Rise in Catastrophes

Frequent catastrophes accelerating policy renewal rate and the resultant upward pricing pressure are likely to boost the performance of Zacks Property and Casualty Insurance industry players like BRK.B,...

Other symbols: CBFNFUFCS

Progressive Reports June 2022 Results

MAYFIELD VILLAGE, OHIO, July 15, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for June 2022 and the second quarter of 2022:

Progressive Q2 Preview: Can Shares Remain Strong?

Year-to-date, Progressive shares have been a bright spot in an otherwise dim market, increasing nearly 16% in value and extensively outperforming the S&P 500.

Can Progressive (PGR) Earnings Pull Off a Surprise in Q2?

Progressive's (PGR) Q2 earnings are likely to reflect improved rates, solid policies in force and higher retention in its strong Vehicle and Property businesses.

These 3 Cash Generating Machines Will Help You Sleep at Night

Rest easy and invest in these companies with strong competitive advantages.

Other symbols: MASPGI

Why You Should Stay Invested in Progressive (PGR) Stock

Solid policies in force, competitive rates and its leadership position bodes well for Progressive's (PGR) growth.

Progressive's Investments Have Lost $1 Billion: Should Investors Be Concerned?

The insurer's net income is down 90% from last year. Here's what you need to know.

Progressive (PGR) Stock Jumps 5.7%: Will It Continue to Soar?

Progressive (PGR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Progressive (PGR) May Earnings Decline, Premiums Rise Y/Y

Progressive (PGR) May results reflect higher expenses and net realized loss on securities.

Progressive Reports May 2022 Results

MAYFIELD VILLAGE, OHIO, June 21, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for May 2022:

1 Reason Why This Is My Favorite Insurance Stock Right Now

Progressive turned to a key technology long before its competition, and it's reaped the benefits ever since.

Progressive (PGR) Up 16% YTD: Can it Retain the Momentum?

A compelling product portfolio, leadership position, strength in both Vehicle and Property businesses, healthy policies in force and retention continue to drive Progressive (PGR).

10 Recession-Proof Stocks to Buy Right Now

With prominent voices warning about a possible downturn ahead, it's time to consider the best recession-proof stocks to buy. The post 10 Recession-Proof Stocks to Buy Right Now appeared first on Investo...

Progressive (PGR) April Earnings Fall Y/Y, Share Buyback OK'd

Progressive's (PGR) April results reflect higher expenses and net realized loss on securities.

Final Trades: Progressive, Doximity, BHP & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: BHPDOCSEPD

Progressive Announces Quarterly Common Share Dividend, Share Repurchase Authorization, and April 2022 Results

MAYFIELD VILLAGE, OHIO, May 18, 2022 (GLOBE NEWSWIRE) -- On May 13, 2022, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable July 15, 20...

Does Berkshire Hathaway Think Progressive Is a Better Auto Insurer Than GEICO?

Here's what Warren Buffett had to say.

Progressive Announces Investor Relations Call

MAYFIELD VILLAGE, OHIO, April 26, 2022 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on Tuesday, May 3, 2022, begin...