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Progressive Corp. (PGR)
NYSE:PGR
Progressive (PGR) Stock Price & Analysis
1,017 Followers
PGR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$110.72 - $212.24
Previous Close$209.75
Volume2.12M
Average Volume (3M)2.71M
Market Cap
$122.85B
Enterprise Value$122.85B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)21.5
Beta0.52
Next Earnings
Jul 11, 2024EPS Estimate
$2.53Last Dividend Ex-Date
Apr 03, 2024Dividend Yield0.55%
Share Statistics
EPS (TTM)9.77
Shares Outstanding585,677,464
10 Day Avg. Volume3,301,879
30 Day Avg. Volume2,709,805
Standard Deviation0.06
R-Squared0.09
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)6.24
Price to Sales (P/S)1.97
Price to Cash Flow (P/CF)12.50
P/FCF Ratio12.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.98
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$227.31Price Target Upside8.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
Progressive News
PremiumPress Releases
Progressive Reports March 2024 Results
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst's EPS forecast for Progressive is significantly higher than the consensus, suggesting confidence in the company's earnings potential.
Growth PotentialProgressive has developed significant economies of scale and cost efficiency advantage compared to its rivals.
Market PositionThe company's underlying loss ratio was exceptionally strong, indicating leading profitability and potential for market share gains.
Bears Say
Cost IncreasesThere is a projected increase in the expense ratio for Personal Auto, suggesting higher costs in the near term.
Financial PerformanceA single event led to higher catastrophe losses, somewhat dampening the otherwise strong financial results for the month.
Growth ConcernsThe forecast for policycount growth is still notably below the growth posted for the same period in the previous year.
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Ownership Overview
8.37% Insiders
27.75% Mutual Funds
19.86% Other Institutional Investors
44.02% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PGR FAQ
What was Progressive Corp.’s price range in the past 12 months?
Progressive Corp. lowest stock price was $110.72 and its highest was $212.24 in the past 12 months.
What is Progressive Corp.’s market cap?
Currently, no data Available
When is Progressive Corp.’s upcoming earnings report date?
Progressive Corp.’s upcoming earnings report date is Jul 11, 2024 which is in 83 days.
How were Progressive Corp.’s earnings last quarter?
Progressive Corp. released its earnings results on Apr 12, 2024. The company reported $4.205 earnings per share for the quarter, beating the consensus estimate of $3.215 by $0.99.
Is Progressive Corp. overvalued?
According to Wall Street analysts Progressive Corp.’s price is currently Undervalued.
Does Progressive Corp. pay dividends?
Progressive Corp. pays a Quarterly dividend of $0.1 which represents an annual dividend yield of 0.55%. See more information on Progressive Corp. dividends here
What is Progressive Corp.’s EPS estimate?
Progressive Corp.’s EPS estimate is $2.53.
How many shares outstanding does Progressive Corp. have?
Progressive Corp. has 585,677,500 shares outstanding.
What happened to Progressive Corp.’s price movement after its last earnings report?
Progressive Corp. reported an EPS of $4.205 in its last earnings report, beating expectations of $3.215. Following the earnings report the stock price went up 0.811%.
Which hedge fund is a major shareholder of Progressive Corp.?
Among the largest hedge funds holding Progressive Corp.’s share is Viking Global Investors LP. It holds Progressive Corp.’s shares valued at 934M.
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Progressive Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$227.31 (8.37% Upside)
$227.31 (8.37% Upside)
Blogger Sentiment
Bullish
PGR Sentiment 72%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 4.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.0%
Last 30 Days ▲ 14.6%
Last 30 Days ▲ 14.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
52.14%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
19.60%
Trailing 12-Months
Company Description
Progressive Corp.
The Progressive Corporation is one of the leading auto insurers in the United States. The company also offers residential property insurance, reinsurance, and other specialty property-casualty insurance and related services. Its Personal Lines business unit covers insurance for personal automobiles, recreational and other vehicles. Under the Commercial Lines division, Progressive writes primary liability and physical damage insurance for automobiles owned by small businesses. Its Property segment offers residential property insurance for homeowners, renters and other property owners.
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PGR Stock 12 Months Forecast
Average Price Target
$227.31
▲(8.37% Upside)
Technical Analysis
Best Analysts Covering PGR
1 Year
1 Year Success Rate
26/26 ratings generated profit
1 Year Average Return
+31.43%
reiterated a buy rating last month
Copying Harry Fong's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +31.43% per trade.
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