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The Progressive Corporation (PGR)

Stock Price: $94.80 USD 1.35 (1.44%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
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

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Zacks Investment Research - 1 day ago

Better pricing and underwriting practice, exposure growth and sturdy capital are expected to help these insurers outperform Q4 earnings estimates.

Other stocks mentioned: ACGL, ALL, TRV, UIHC, WRB
Seeking Alpha - 1 week ago

PGR has benefited enormously from COVID conditions. Although earnings will decline in 2021, Progressive is already fairly priced.

GuruFocus - 2 weeks ago

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.

Other stocks mentioned: HD, SCHW, TD, USB
Zacks Investment Research - 3 weeks ago

Progressive (PGR) is well-poised for growth, riding on solid policies in force, competitive rate and prudent underwriting and a sturdy capital position

GuruFocus - 3 weeks ago

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.

Other stocks mentioned: AFL, GL, SIGI, BRK.A, BRK.B
Zacks Investment Research - 3 weeks ago

Progressive's (PGR) November results reflect higher premiums driving revenues, net realized gains on securities, offset by an increase in expenses.

GlobeNewsWire - 4 weeks ago

MAYFIELD VILLAGE, OHIO, Dec. 18, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for November 2020: 

Schaeffers Research - 1 month ago

Insurance giant Progressive Corporation (NYSE:PGR) has a lot on the horizon that investors can get excited about.

GuruFocus - 1 month ago

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.

Other stocks mentioned: ITOCY, REGN
GlobeNewsWire - 1 month ago

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...

GuruFocus - 1 month ago

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...

Other stocks mentioned: CINF, GL, SIGI
Zacks Investment Research - 1 month ago

Progressive's (PGR) October results reflect higher premiums driving revenues, offset by an increase in expenses and net realized loss on securities.

GlobeNewsWire - 1 month ago

MAYFIELD VILLAGE, OHIO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for October 2020: 

Zacks Investment Research - 1 month ago

Progressive (PGR) continues to gain on higher premiums, solid policies in force, competitive rate and prudent underwriting.

GlobeNewsWire - 2 months ago

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...

Seeking Alpha - 2 months ago

The Progressive Corporation (PGR) CEO Tricia Griffith on Q3 2020 Results - Earnings Call Transcript

Insider Monkey - 2 months ago

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 ...

CNBC Television - 2 months ago

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.

Other stocks mentioned: DG, NKE, TMO
GlobeNewsWire - 2 months ago

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...

GuruFocus - 2 months ago

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...

Other stocks mentioned: CNO, ERIE, NGHC, TRUP
Seeking Alpha - 2 months ago

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 ...

Forbes - 2 months ago

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...

Other stocks mentioned: CL, INVA, JBHT, WEX
Forbes - 3 months ago

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...

Other stocks mentioned: EPAM, INVA, LAUR, PRSP
Zacks Investment Research - 3 months ago

Progressive (PGR) Q3 earnings reflect improvement in premiums.

Zacks Investment Research - 3 months ago

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?

Benzinga - 3 months ago

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...

GlobeNewsWire - 3 months ago

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: 

Zacks Investment Research - 3 months ago

Better pricing and underwriting practice, product repositioning and sturdy capital will help these insurers outperform Q3 earnings estimates.

Other stocks mentioned: AFL, CNO, MFC, PRU, UNM, VOYA
Zacks Investment Research - 3 months ago

Progressive's (PGR) third-quarter earnings are likely to have gained from improved premiums.

Zacks Investment Research - 3 months ago

6 Property and Casualty Insurance Stocks to Watch Amid Catastrophes

Other stocks mentioned: ALL, FAF, FNF, RE, BRK.A, BRK.B
Zacks Investment Research - 3 months ago

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.

Zacks Investment Research - 3 months ago

The Progressive Corporation (PGR) is poised to grow on a compelling portfolio, prudent underwriting and solid market positioning.

GuruFocus - 3 months ago

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.

Other stocks mentioned: ALL, MET, MFC, TRV
Zacks Investment Research - 3 months ago

Here we discuss four low-beta stocks that are poised to deliver steady performance irrespective of market conditions.

Other stocks mentioned: AFG, AJG, NGHC
The Motley Fool - 3 months ago

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.

Zacks Investment Research - 3 months ago

Higher revenues, driven by rise in premiums, boost Progressive's (PGR) bottom line in August.

GlobeNewsWire - 3 months ago

MAYFIELD VILLAGE, OHIO, Sept. 17, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for August 2020: 

Zacks Investment Research - 4 months ago

Progressive (PGR) continues to gain on higher premiums, solid policies in force, competitive rate and prudent underwriting.

Benzinga - 4 months ago

Last week was the second straight weekly drop following all-time highs reached during the first days of September.

Other stocks mentioned: ADBE, FDX
Forbes - 4 months ago

See two of the featured stocks from this month’s model portfolios.

Other stocks mentioned: CRM
Zacks Investment Research - 4 months ago

As Hurricane Laura wreaks havoc, we focus on a few insurers and reinsurers to see how they may be impacted.

Other stocks mentioned: ALL, CB, HIG, RE, RNR, TRV
The Motley Fool - 4 months ago

The auto insurer has been outperforming its peers.

Zacks Investment Research - 4 months ago

Progressive's (PGR) July results reflect solid policies in force and higher premium, partly offset by lower investment income.

GlobeNewsWire - 4 months ago

MAYFIELD VILLAGE, OHIO, Aug. 19, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2020:  

InvestorPlace - 4 months ago

Environmental, Social and Governance investing may seem counter to maximizing profits, but the best ESG stocks deliver for all stakeholders.

Other stocks mentioned: BLK, CRM, DE, MSFT, ZTS
Seeking Alpha - 4 months ago

Progressive Care, Inc. (RXMD) CEO Alan Jay Weisberg on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 5 months ago

Progressive (PGR) reported earnings 30 days ago. What's next for the stock?

GlobeNewsWire - 5 months ago

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...

Seeking Alpha - 5 months ago

The Progressive Corporation (PGR) CEO Tricia Griffith on Q2 2020 Results - Earnings Call Transcript

CNBC - 5 months ago

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.

Other stocks mentioned: ALL, BRK.A, BRK.B

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
Full Company Profile

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%.

Financial Statements

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.

Price Target
$101.25
(6.80% upside)
Analyst Consensus: Buy