The Progressive Corporation (PGR)
| Market Cap | 55.49B |
| Revenue (ttm) | 41.98B |
| Net Income (ttm) | 5.06B |
| Shares Out | 585.10M |
| EPS (ttm) | 8.63 |
| PE Ratio | 10.98 |
| Forward PE | 16.69 |
| Dividend | $4.90 |
| Dividend Yield | 5.17% |
| Trading Day | January 15 |
| Last Price | $94.80 |
| Previous Close | $93.45 |
| Change ($) | 1.35 |
| Change (%) | 1.44% |
| Day's Open | 93.45 |
| Day's Range | 92.87 - 95.01 |
| Day's Volume | 3,053,270 |
| 52-Week Range | 66.33 - 101.28 |
Better pricing and underwriting practice, exposure growth and sturdy capital are expected to help these insurers outperform Q4 earnings estimates.
PGR has benefited enormously from COVID conditions. Although earnings will decline in 2021, Progressive is already fairly priced.
According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of Dec. 28.
Progressive (PGR) is well-poised for growth, riding on solid policies in force, competitive rate and prudent underwriting and a sturdy capital position
According to the GuruFocus All-in-One Screener, a Premium feature, the following guru-owned stocks have grown their book value per share over the past decade through Dec. 21.
Progressive's (PGR) November results reflect higher premiums driving revenues, net realized gains on securities, offset by an increase in expenses.
MAYFIELD VILLAGE, OHIO, Dec. 18, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for November 2020:
Insurance giant Progressive Corporation (NYSE:PGR) has a lot on the horizon that investors can get excited about.
Investors seeking opportunities amid growing companies may want to consider the following three stocks, as their share prices are trading lower than their Peter Lynch Fair Values.
MAYFIELD VILLAGE, OHIO, Dec. 04, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of The Progressive Corporation (NYSE:PGR) today declared a quarterly common share dividend, in the amount of $0...
The following insurance companies have grown their earnings per share over a five-year period. According to the GuruFocus discounted cash flow calculator as of Nov. 4, all of them also trade w...
Progressive's (PGR) October results reflect higher premiums driving revenues, offset by an increase in expenses and net realized loss on securities.
MAYFIELD VILLAGE, OHIO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for October 2020:
Progressive (PGR) continues to gain on higher premiums, solid policies in force, competitive rate and prudent underwriting.
MAYFIELD VILLAGE, OHIO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- On November 9, 2020, The Progressive Corporation's (NYSE: PGR) Board of Directors approved an amendment to Progressive's Code of Regul...
The Progressive Corporation (PGR) CEO Tricia Griffith on Q3 2020 Results - Earnings Call Transcript
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in ( Recession is Imminent: We Need A Travel ...
Strategist on which stocks could do well regardless of election outcome
John Traynor, CIO at People's United Advisors, joins "Squawk Box" to discuss a couple of stocks that have the potential of doing well regardless of who wins the election.
MAYFIELD VILLAGE, OHIO, Oct. 28, 2020 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on Wednesday, Novembe...
According to the GuruFocus All-in-One Screener, a Premium feature, the stocks of the following guru-owned insurance companies have outperformed the S&P 500 Index over the past 12 months throug...
Despite the strong share price performance since end of 2019, investors should be concerned this might not continue, with a reversal quite possible. Strong returns have been contributed to by ...
Stocks continued yesterday's rally on more stimulus optimism and strong earnings, although Goldman Sachs expressed doubts about the stimulus package. For investors looking to make sense of the...
Despite yesterday’s dip due to poor COVID vaccine and treatment news from Johnson and Johnson and Eli Lilly, the indices are up thus far in October. For investors looking to make sense of thes...
Progressive (PGR) Q3 earnings reflect improvement in premiums.
Progressive (PGR) delivered earnings and revenue surprises of 10.65% and -1.24%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Progressive (NYSE:PGR) rose 0.2% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 32.39% over the past year to $1.88, which...
MAYFIELD VILLAGE, OHIO, Oct. 14, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for September 2020 and the third quarter of 2020:
Better pricing and underwriting practice, product repositioning and sturdy capital will help these insurers outperform Q3 earnings estimates.
Progressive's (PGR) third-quarter earnings are likely to have gained from improved premiums.
6 Property and Casualty Insurance Stocks to Watch Amid Catastrophes
Progressive (PGR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Progressive Corporation (PGR) is poised to grow on a compelling portfolio, prudent underwriting and solid market positioning.
As of Sept. 29, the GuruFocus All-in-One Screener, a Premium feature, found that the following insurance companies have low price-earnings ratios and are owned by gurus.
Here we discuss four low-beta stocks that are poised to deliver steady performance irrespective of market conditions.
The company is great at underwriting insurance because of tight control over its combined ratio and less reliance on investment income than competitors, leading to higher profit margins.
Higher revenues, driven by rise in premiums, boost Progressive's (PGR) bottom line in August.
MAYFIELD VILLAGE, OHIO, Sept. 17, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for August 2020:
Progressive (PGR) continues to gain on higher premiums, solid policies in force, competitive rate and prudent underwriting.
Last week was the second straight weekly drop following all-time highs reached during the first days of September.
As Hurricane Laura wreaks havoc, we focus on a few insurers and reinsurers to see how they may be impacted.
Progressive's (PGR) July results reflect solid policies in force and higher premium, partly offset by lower investment income.
MAYFIELD VILLAGE, OHIO, Aug. 19, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2020:
Environmental, Social and Governance investing may seem counter to maximizing profits, but the best ESG stocks deliver for all stakeholders.
Progressive Care, Inc. (RXMD) CEO Alan Jay Weisberg on Q2 2020 Results - Earnings Call Transcript
Progressive (PGR) reported earnings 30 days ago. What's next for the stock?
MAYFIELD VILLAGE, OHIO, Aug. 07, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of The Progressive Corporation (NYSE:PGR) today declared a $0.10 per common share dividend, payable October 1...
The Progressive Corporation (PGR) CEO Tricia Griffith on Q2 2020 Results - Earnings Call Transcript
Tesla CEO Elon Musk said on this week's earnings call that the electric car company is close to full self-driving and a 'revolutionary' insurance product, but auto insurers don't seem worried.
About PGR
The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, and snowmobiles. The company's Commercial Lines segment provides a... [Read more...]
| Industry Insurance-Property & Casualty | Founded 1937 |
| CEO Susan Griffith | Employees 41,571 |
| Stock Exchange NYSE | Ticker Symbol PGR |
Financial Performance
In 2019, Progressive's revenue was $39.02 billion, an increase of 22.02% compared to the previous year's $31.98 billion. Earnings were $3.97 billion, an increase of 51.81%.
Analyst Forecasts
According to 19 analysts, the average rating for Progressive stock is "Buy." The 12-month stock price forecast is 101.25, which is an increase of 6.80% from the latest price.