The Progressive Corporation (PGR)
| Market Cap | 79.74B |
| Revenue (ttm) | 48.63B |
| Net Income (ttm) | 830.50M |
| Shares Out | 585.00M |
| EPS (ttm) | 1.41 |
| PE Ratio | 96.67 |
| Forward PE | 20.04 |
| Dividend | $0.40 (0.29%) |
| Ex-Dividend Date | Oct 6, 2022 |
| Volume | 1,806,844 |
| Open | 135.41 |
| Previous Close | 134.97 |
| Day's Range | 134.64 - 137.36 |
| 52-Week Range | 100.81 - 139.18 |
| Beta | 0.48 |
| Analysts | Hold |
| Price Target | 134.33 (-1.45%) |
| Earnings Date | Feb 27, 2023 |
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]
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 $3.32 billion, a decrease of -41.46%.
Financial StatementsAnalyst Forecast
According to 24 analysts, the average rating for PGR stock is "Hold." The 12-month stock price forecast is $134.33, which is a decrease of -1.45% from the latest price.
News
Progressive (PGR) Q4 Earnings Top Estimates, Premiums Rise Y/Y
Progressive's (PGR) Q4 earnings reflect improvement in the top line, offset by higher expenses.
Progressive (PGR) Q4 Earnings and Revenues Beat Estimates
Progressive (PGR) delivered earnings and revenue surprises of 0.67% and 1.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Progressive Reports December 2022 Results
MAYFIELD VILLAGE, OHIO, Jan. 25, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for December 2022 and the fourth quarter of 2022:
5 Property & Casualty Insurers to Gain Despite Catastrophe Loss
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....
Progressive (PGR) to Report Q4 Results: Wall Street Expects Earnings Growth
Progressive (PGR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here's Why You Should Stay Invested in Progressive (PGR) Stock
A compelling product portfolio, leadership position, healthy policies in force, better pricing and a solid retention ratio continue to drive Progressive (PGR).
3 Reasons Why Progressive (PGR) Is a Great Growth Stock
Progressive (PGR) could produce exceptional returns because of its solid growth attributes.
Progressive Announces Updated Loss Estimates From Hurricane Ian
MAYFIELD VILLAGE, OHIO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE: PGR) today reported updated incurred loss estimates related to Hurricane Ian, which made multiple landfalls...
Progressive (PGR) November Earnings and Revenues Rise Y/Y
Progressive's (PGR) November earnings reflect higher revenues, partially offset by higher expenses.
Progressive (PGR) Stock Up 25% YTD: Will the Bull Run Continue?
An attractive product portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and solid capital position continue to drive Progressive (PGR).
Progressive Reports November 2022 Results and Provides Dividend Information and 2023 Annual Meeting Dates
MAYFIELD VILLAGE, OHIO, Dec. 14, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for November 2022:
7 Stocks to Buy to Beat Next Year's Interest Rate Blues
With the Federal Reserve committed to tackling historically high inflation through hawkish monetary policies, it's time for investors to consider the best stocks to buy for rising interest rates. Sure...
Progressive (PGR) October Earnings Up Y/Y as Revenues Rise
Progressives (PGR) October earnings reflect higher revenues coupled partially offset by higher expenses.
7 Recession-Resistant Stocks to Batten Down the Hatches
With fears rising regarding a global economic slowdown, investors should consider recession-resistant stocks to batten down the hatches. Fundamentally, one of the biggest concerns that analysts cited ...
UPDATE -- Progressive Reports October 2022 Results
MAYFIELD VILLAGE, OHIO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for October 2022:
Progressive Reports October 2022 Results
MAYFIELD VILLAGE, OHIO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for October 2022:
5 Property & Casualty Insurers to Gain Despite Industry Challenges
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....
Progressive Announces Investor Relations Call
MAYFIELD VILLAGE, OHIO, Oct. 26, 2022 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on Wednesday, November 2, 202...
Here's what pressuring profitability for auto-insurers, according to Wells Fargo's Greenspan
Elyse Greenspan, Wells Fargo senior research analyst, joins 'Power Lunch' to discuss why AllState should not continue with its stock buybacks, what the challenge really is for the company and more.
Progressive (PGR) Q3 Earnings Lag Estimates, Premiums Rise Y/Y
Progressive's (PGR) Q3 earnings reflect improvement in the top line, offset by higher expenses.
Progressive (PGR) Misses Q3 Earnings and Revenue Estimates
Progressive (PGR) delivered earnings and revenue surprises of -60.48% and 1.23%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Progressive Reports September 2022 Results
MAYFIELD VILLAGE, OHIO, Oct. 13, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for September 2022 and the third quarter of 2022:
Final Trades: Progressive, Dollar General, Seagate & more
The "Halftime Report" traders give their top picks to watch for the second half.
Name Your Own Price With This Insurance Giant
One way we can sidestep the recent volatility is to target the pockets of the market that are showing immunity to the downside moves.