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The Progressive Corporation (PGR)

Stock Price: $90.73 USD 1.12 (1.25%)
Updated Aug 7, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 53.11B
Revenue (ttm) 40.54B
Net Income (ttm) 4.40B
Shares Out 585.40M
EPS (ttm) 7.46
PE Ratio 12.16
Forward PE 15.67
Dividend $0.40
Dividend Yield 0.44%

Stock Quote

Trading Day Aug 7, 2020
Last Price $90.73
Previous Close $89.61
Change ($) 1.12
Change (%) 1.25%
Day's Open 89.31
Day's Range 89.31 - 90.77
Day's Volume 1,735,401
52-Week Range 62.18 - 91.81

More Stats

Market Cap 53.11B
Enterprise Value 58.40B
Earnings Date (est) Oct 20, 2020
Ex-Dividend Date Apr 6, 2020
Shares Outstanding 585.40M
Float 582.90M
EPS (basic) 7.47
EPS (diluted) 7.46
FCF / Share 11.16
Dividend $0.40
Dividend Yield 0.44%
Earnings Yield 8.22%
FCF Yield 12.29%
Payout Ratio 35.50%
Shares Short 6.63M
Short Ratio 2.17
Short % of Float 1.14%
Beta 0.54
PE Ratio 12.16
Forward PE 15.67
P/FCF Ratio 8.14
PS Ratio 1.31
PB Ratio 3.16
Revenue 40.54B
Operating Income 5.69B
Net Income 4.40B
Free Cash Flow 6.53B
Net Cash -5.29B
Net Cash / Share -9.03
Gross Margin 13.64%
Operating Margin 14.04%
Profit Margin 10.80%
FCF Margin 16.10%
ROA 6.43%
ROE 29.17%
ROIC 9.40%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (19)

Buy 10
Overweight 0
Hold 8
Underweight 1
Sell 0

Analyst Consensus: Overweight

Price Target

$91.40*
(0.74% upside)
Low
81.0
Current: $90.73
High
109.0
Target: 91.40
*Average 12-month price target from 15 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue39,02231,97926,83923,44120,85419,39118,17117,08415,77515,216
Revenue Growth22.02%19.15%14.49%12.41%7.54%6.72%6.36%8.3%3.67%-
Gross Profit13,55210,2588,0316,5626,5126,0855,6995,1365,1405,084
Operating Income5,3503,3302,2921,6122,0482,0241,8381,4421,6201,699
Net Income3,9702,6151,5921,0311,2681,2811,1659021,0161,068
Shares Outstanding584582581582586591599603632658
Earnings Per Share6.724.422.721.762.152.151.931.481.591.61
EPS Growth52.04%62.5%54.55%-18.14%0%11.4%30.41%-6.92%-1.24%-
Dividend Per Share2.811.130.680.890.691.490.281.410.401.16
Dividend Growth150.13%65.2%-23.31%29.45%-54.05%425.7%-79.82%252.63%-65.63%-
Operating Cash Flow6,2626,2853,7572,7332,2931,7261,9001,6911,4981,679
Capital Expenditures-310-257-140-209-120-102-137-124-75.90-56.70
Free Cash Flow5,9516,0283,6162,5242,1731,6231,7631,5681,4221,623
Cash & Equivalents22775.0027522622410875.10179156159
Total Debt4,4074,4053,3063,1482,7082,1651,8612,0632,4421,958
Net Cash / Debt-4,180-4,330-3,031-2,922-2,484-2,056-1,786-1,884-2,286-1,799
Assets54,89546,57538,70133,42829,81925,78824,40822,69521,84521,150
Liabilities40,99735,53928,91324,98722,06518,85918,21916,68816,03815,101
Book Value13,67310,8229,2857,9577,2896,9296,1906,0075,8076,049
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name The Progressive Corporation
Country United States
Employees 41,571
CEO Susan Patricia Griffith

Stock Information

Ticker Symbol PGR
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Insurance—Property & Casualty
Unique Identifier NYSE: PGR

Description

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 auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides residential property insurance for homes, condos, manufactured homes, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; home, condominium, renters, and other insurance; and business owner's policies, general liability, professional liability, and workers' compensation insurance. In addition, it offers reinsurance services. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.