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Progressive Corp, Common Stock

PGR

NYQ

$209.03

-$2.77

(-1.31%)

1D
Industry: Insurance Sector: Financials

Analyst Forecast

Price Chart

Key Metrics

Market Cap info-icon
This is a company’s total value as determined by the stock market. It is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
$122.43B
P/E Ratio info-icon
This is the ratio of a security’s current share price to its earnings per share. This ratio determines the relative value of a company’s share.
31.77
Volume info-icon
This is the total number of shares traded during the most recent trading day.
2.02M
Avg Volume info-icon
This is the average number of shares traded during the most recent 30 days.
3.00M
Dividend Yield info-icon
This ratio shows how much income you earn in dividend payouts per year for every dollar invested in the stock (or the stock’s annual dividend payment expressed as a percentage of its current price).
0.55%
Beta info-icon
This measures the expected move in a stock’s price relative to movements in the overall market. The market, such as the S&P 500 Index, has a beta of 1.0. If a stock has a Beta greater (or lower) than 1.0, it suggests that the stock is more (or less) volatile than the broader market.
0.35
52-week Range info-icon
This shows the range of the stock’s price between the 52-week high (the highest price of the stock for the past 52 weeks) and the 52-week low (the lowest price of the stock for the past 52 weeks).
$110.72 L
$216.21 H
$209.03

About Progressive Corp, Common Stock

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related 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 motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, and pick-up trucks used by small businesses, as well as non-fleet taxis, black-car services, and airport taxis; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks used by light contractors and heavy constructions; log trucks and garbage trucks used by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; acts as an agent to homeowners, general liability, workers' compensation insurance, and other products; and reinsurance services. It sells its products through independent insurance agencies, as well as through mobile applications and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio. more

Industry: InsuranceSector: Financials

Returns

Time FramePGRSectorS&P500
1-Week Return-0.5%-1.03%-0.57%
1-Month Return-0.43%-2.9%-3.56%
3-Month Return15.74%4.19%1.57%
6-Month Return32.38%22.41%17.06%
1-Year Return64.05%27.38%23.68%
3-Year Return109.75%17.46%25.28%
5-Year Return210.38%61%86.73%
10-Year Return981.68%242.14%220.58%

Financials

Dec '19Dec '20Dec '21Dec '22Dec '235YR TREND
Total Revenue39.00B42.64B47.68B49.59B62.08B[{"date":"2019-12-31","value":62.82,"profit":true},{"date":"2020-12-31","value":68.68,"profit":true},{"date":"2021-12-31","value":76.8,"profit":true},{"date":"2022-12-31","value":79.87,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Cost of Revenue5.50M7.20M6.806.807.60M[{"date":"2019-12-31","value":72.37,"profit":true},{"date":"2020-12-31","value":94.74,"profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Gross Profit38.99B42.63B47.68B49.59B62.07B[{"date":"2019-12-31","value":62.81,"profit":true},{"date":"2020-12-31","value":68.68,"profit":true},{"date":"2021-12-31","value":76.81,"profit":true},{"date":"2022-12-31","value":79.88,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Gross Margin99.99%99.98%100.00%100.00%99.99%[{"date":"2019-12-31","value":99.99,"profit":true},{"date":"2020-12-31","value":99.98,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":99.99,"profit":true}]
Operating Expenses(34.04B)(35.69B)(43.47B)(48.42B)11.26B[{"date":"2019-12-31","value":-302.45,"profit":false},{"date":"2020-12-31","value":-317.1,"profit":false},{"date":"2021-12-31","value":-386.18,"profit":false},{"date":"2022-12-31","value":-430.19,"profit":false},{"date":"2023-12-31","value":100,"profit":true}]
Operating Income4.96B6.95B4.21B1.17B50.83B[{"date":"2019-12-31","value":9.75,"profit":true},{"date":"2020-12-31","value":13.67,"profit":true},{"date":"2021-12-31","value":8.28,"profit":true},{"date":"2022-12-31","value":2.29,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Total Non-Operating Income/Expense15.00M9.40M473.20M(487.00M)4.64B[{"date":"2019-12-31","value":0.32,"profit":true},{"date":"2020-12-31","value":0.2,"profit":true},{"date":"2021-12-31","value":10.19,"profit":true},{"date":"2022-12-31","value":-10.49,"profit":false},{"date":"2023-12-31","value":100,"profit":true}]
Pre-Tax Income5.16B7.17B4.21B922.10M4.90B[{"date":"2019-12-31","value":71.94,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":58.69,"profit":true},{"date":"2022-12-31","value":12.85,"profit":true},{"date":"2023-12-31","value":68.36,"profit":true}]
Income Taxes1.18B1.47B859.10M200.60M1.00B[{"date":"2019-12-31","value":80.37,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":58.5,"profit":true},{"date":"2022-12-31","value":13.66,"profit":true},{"date":"2023-12-31","value":68.18,"profit":true}]
Income After Taxes3.98B5.70B3.35B721.50M3.90B[{"date":"2019-12-31","value":69.77,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":58.74,"profit":true},{"date":"2022-12-31","value":12.65,"profit":true},{"date":"2023-12-31","value":68.41,"profit":true}]
Income From Continuous Operations3.98B5.70B3.35B721.50M2.74B[{"date":"2019-12-31","value":69.77,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":58.74,"profit":true},{"date":"2022-12-31","value":12.65,"profit":true},{"date":"2023-12-31","value":48.05,"profit":true}]
Income From Discontinued Operations-----[{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}]
Net Income3.97B5.70B3.35B721.50M3.90B[{"date":"2019-12-31","value":69.6,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":58.74,"profit":true},{"date":"2022-12-31","value":12.65,"profit":true},{"date":"2023-12-31","value":68.41,"profit":true}]
EPS (Diluted)5.267.473.484.186.48[{"date":"2019-12-31","value":70.41,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":46.59,"profit":true},{"date":"2022-12-31","value":55.96,"profit":true},{"date":"2023-12-31","value":86.75,"profit":true}]

Ratios

Liquidity

These ratios help you determine the liquidity of the company. Higher is better.

PGR
Cash Ratio -0.19
Current Ratio 0.52

Asset Efficiency

These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.

PGR
ROA (LTM) 5.42%
ROE (LTM) 29.92%

Liabilities

These ratios help you understand the company's liabilities, gauging the riskiness of the investment.

PGR
Debt Ratio Lower is generally better. Negative is bad. 0.76
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. 0.24
Debt/Equity The higher the number, the more leverage the business employs, the riskier the investment typically is. 4.37

Valuation

These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.

PGR
Trailing PE 21.68
Forward PE 21.28
P/S (TTM) 1.84
P/B 6.04
EV/R 2.04
EV/Ebitda 21.85
PEG 0.07

News

Here’s Why Progressive (PGR) was 31% Up in Q1

The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During 1Q, U.S. stocks made significant gains due to steady economic growth, decreasing inflation, and a slightly weaker labor market, increasing the likelihood of a soft landing. […]

3 May, 2024 a 9:39 am Insider Monkey

Soaring Premiums, Soaring Profits: 3 Top Insurance Stocks to Own Now

As every American who owns a car and/or a house knows, insurance premiums have been going through the roof this year. Although it’s true the costs of repairing these assets have surged, it appears that insurers’ recent rate hikes are meaningfully increasing their profits. As evidence of the latter point, consider that many of the insurance stocks to buy have jumped tremendously this year. For example, Allstate (NYSE: ALL ) has climbed 21% year-to-date. Meanwhile, Progressive (NYSE: PGR ) has gained 29%, and The Travelers Companies (NYSE: TRV ) has risen 11.5%. In recent weeks, the sector has actually lost a bit of ground amid the stock market’s weakness. But since most auto and home insurers appear to have a great deal of pricing power at this point, I expect the shares’ rally to resume within the next month or two. For those who want to exploit the likely coming surge, here are three top insurance stocks to buy. Allstate (ALL) Source: Jonathan Weiss / Shutterstock.com S&P estimates that Allstate’s earnings per share will soar a huge 407.6% last quarter versus the same period a year earlier.

1 May, 2024 a 10:44 am InvestorPlace

Top 25 Global Insurers Market Value Up 8.3% QoQ In Q1 2024, Reveals GlobalData

Progressive Corp and Allstate Corp shares surge 24% Humana and AIA Group lose over 20% Berkshire Hathaway stock continues to be to highly valued for the eighth consecutive quarter The aggregate market capitalization (MCap) of the top 25 global insurers grew 8.3% to $3.02 trillion on a quarter-on-quarter (QoQ) basis during the first quarter (Q1) ended on 31 March 2024. Most of the stocks recorded a sharp growth in Q1, benefiting from the positive quarterly results, according to GlobalData , a leading data analytics and research company. Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “Insurers adjusted premiums in specific segments, notably property and casualty (P&C) line, to counteract escalating claims expenses attributed to inflation, persistent geopolitical tensions in the Middle East, and natural calamities. These adjustments have allowed the global insurance industry to effectively address challenges and achieve positive results in the first quarter of 2024.” Progressive Corp Progressive Corp shares registered a remarkable 29.9% growth in market value during the first quarter of 2024, driven by the exceptional 2023 performance due to robust demand for insurance policies.

22 Apr, 2024 a 10:29 am MondoVisione

Director Devin Johnson Sells 1,000 Shares of Progressive Corp (PGR)

Director Devin Johnson Sells 1,000 Shares of Progressive Corp (PGR)

19 Apr, 2024 a 7:01 pm GuruFocus

The Progressive Corporation (PGR) Rose on Increased Underwriting Profits

Madison Investments, an investment advisor, released its “Madison Investors Fund” first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund (Class Y) returned 9.63% compared to a 10.56% return for the S&P 500 index. The business remains dedicated to its more than two-decades-old strategy of investing in […]

18 Apr, 2024 a 7:49 am Insider Monkey

Progressive Shares Motoring Higher

Progressive Corporation (PGR) shares are up 27% year-to-date. Incredibly, one rare signal helps us understand why.

12 Apr, 2024 a 8:41 pm FX Empire

PGR Stock Earnings: Progressive Beats EPS, Misses Revenue for Q1 2024

Progressive (NYSE: PGR ) just reported results for the first quarter of 2024. Progressive reported earnings per share of $3.73. This was above the analyst estimate for EPS of $3.17. The company reported revenue of $16.15 billion. This was 7.35% worse than the analyst estimate for revenue of $17.43 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. It doesn’t matter if you have $500 or $5 million.

12 Apr, 2024 a 4:52 pm InvestorPlace

FAQs

What is Progressive Corp share price today?

Progressive Corp (PGR) share price today is $209.03

Can Indians buy Progressive Corp shares?

Yes, Indians can buy shares of Progressive Corp (PGR) on Vested. To buy Progressive Corp from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in PGR stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.

Can Fractional shares of Progressive Corp be purchased?

Yes, you can purchase fractional shares of Progressive Corp (PGR) via the Vested app. You can start investing in Progressive Corp (PGR) with a minimum investment of $1.

How to invest in Progressive Corp shares from India?

You can invest in shares of Progressive Corp (PGR) via Vested in three simple steps:

  • Click on Sign Up or Invest in PGR stock at the top of this page
  • Breeze through our fully digital and secure KYC process and open your US Brokerage account in a few minutes
  • Transfer USD funds to your US Brokerage account and start investing in Progressive Corp shares
What is Progressive Corp 52-week high and low stock price?

The 52-week high price of Progressive Corp (PGR) is $216.21. The 52-week low price of Progressive Corp (PGR) is $110.72.

What is Progressive Corp price-to-earnings (P/E) ratio?

The price-to-earnings (P/E) ratio of Progressive Corp (PGR) is 31.77

What is Progressive Corp price-to-book (P/B) ratio?

The price-to-book (P/B) ratio of Progressive Corp (PGR) is 6.04

What is Progressive Corp dividend yield?

The dividend yield of Progressive Corp (PGR) is 0.55%

What is the Market Cap of Progressive Corp?

The market capitalization of Progressive Corp (PGR) is $122.43B

What is Progressive Corp’s stock symbol?

The stock symbol (or ticker) of Progressive Corp is PGR

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