Progressive/PGR

$213.33

1.7%
-
1D1W1MYTD1YMAX

About Progressive

The Progressive Corporation is an insurance holding company, which has insurance and non-insurance subsidiaries and affiliates. The Company’s segments include Personal Lines, Commercial Lines, Property and Other indemnity. The Personal Lines segment writes insurance for personal autos and recreational vehicles. The segment consists of personal auto and special lines products. Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and property insurance predominately for small businesses, and workers’ compensation insurance primarily for the transportation industry. Property segment writes residential property and renters’ insurance in virtually all states, primarily in the independent agency channel and through select agents under its Platinum program. The regulated programs include several mandatory state pools, such as the Michigan Catastrophic Claims Association, Florida Hurricane Catastrophe Fund and others.

Ticker

PGR

Sector

Financials

Trading on

NYSE

Industry

Insurance (Prop. & Casualty)

CEO

Susan Griffith

Employees

61,400

Headquarters

Mayfield village, United States

Progressive Metrics

BasicAdvanced
$122.48B
Market cap
31.77
P/E ratio
$6.58
EPS
0.34
Beta
$0.40
Dividend rate
0.19%
Dividend yield
$122.48B
0.34244
$212.24
$111.41
2.72M
$0.40
33.972
33.972
17.41%
36.65%
4.75%
21.97%
31.774
1.973
6.187
6.109
12.11
1.8%
0.19%
0.19%
25.2%
467.21%
13.34%
-12.03%
-56.62%

What the Analysts think about Progressive

Analyst Ratings

Majority rating from 22 analysts.
Buy

Price Targets

Average projection from 15 analysts.
6.35% upside
High $273.00
Low $162.00
$213.33
Current price
$226.87
Average price target

Progressive Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
11.77% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$16.88B
8.55%
Net income
$1.99B
77.28%
Profit margin
11.77%
63.47%

Progressive Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 16.82%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.40
$2.09
$2.97
$3.75
-
Expected
$0.87
$1.72
$2.43
$3.21
$2.53
Surprise
-53.77%
21.7%
22.26%
16.82%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Progressive stock?

Progressive (PGR) has a market cap of $122.48B as of April 19, 2024.

What is the P/E ratio for Progressive stock?

The price to earnings (P/E) ratio for Progressive (PGR) stock is 31.77 as of April 19, 2024.

Does Progressive stock pay dividends?

Yes, the Progressive (PGR) stock pays dividends to shareholders. As of April 19, 2024, the dividend rate is $0.4 and the yield is 0.19%. Progressive has a payout ratio of 17.41% on a trailing twelve-month basis.

When is the next Progressive dividend payment date?

The next Progressive (PGR) dividend payment date is unconfirmed.

What is the beta indicator for Progressive?

Progressive (PGR) has a beta rating of 0.34. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Progressive stock price target?

The target price for Progressive (PGR) stock is $226.87, which is 6.35% above the current price of $213.33. This is an average based on projections from 15 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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