The Progressive Corporation (DE:PGV)
NYSE:PGV
PGV Stock Chart & Stats
€173.10
€9.10(3.97%)
At close: 4:00 PM EST
€173.10
€9.10(3.97%)
Day’s Range― - ―
52-Week Range€162.75 - €243.55
Previous CloseN/A
Volume236.00
Average Volume (3M)73.00
Market Cap
€101.41B
Enterprise Value€119.48B
Total Cash (Recent Filing)€2.29B
Total Debt (Recent Filing)€8.39B
Price to Earnings (P/E)10.1
Beta0.12
Next Earnings
Jul 09, 2026EPS Estimate
3.25Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)19.72
Shares Outstanding584,336,500
10 Day Avg. Volume126
30 Day Avg. Volume73
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)4.40
Price to Sales (P/S)1.52
P/FCF Ratio7.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€194.04Price Target Upside12.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)14.22
Revenue Forecast (FY)€77.18B
Bulls Say, Bears Say
Bulls Say
Top-line Growth & ScaleProgressive’s near-doubling of revenue from 2021 to 2025 and $89.4B TTM demonstrates durable scale in personal, commercial and specialty P&C. Large premium volume supports diversified risk pooling, ongoing investment in distribution and claims infrastructure, and stronger bargaining power with partners over a multi-quarter horizon.
Improved Profitability & MarginsA sustained improvement to double-digit net margins versus the depressed 2022 level indicates meaningful underwriting and expense discipline. This level of profitability, if maintained, supports internal capital build, underwriting reserves, and the ability to withstand moderate claims headwinds while preserving long-term earnings power.
Strong Cash GenerationConsistent, large free cash flow that closely mirrors net income signals high cash conversion and operational cash resiliency. This durable cash generation underpins capacity for dividends, share repurchases, debt servicing, and reinvestment in systems and distribution, providing financial flexibility over several quarters.
Bears Say
Balance-sheet Leverage SpikeA sharp TTM deterioration in capitalization materially increases financial risk: elevated leverage can amplify underwriting volatility, reduce capital buffers for catastrophes, and artificially boost ROE. If persistent, this weaker equity base limits strategic flexibility and raises the probability of costly capital actions over the medium term.
Incremental Long-term Debt IssuanceThe $1.5B senior notes strengthen funding but add fixed long-term interest obligations. Combined with the elevated TTM leverage, this increases interest expense and reduces headroom for future capital returns or reserve build. Over several quarters, higher structural debt raises financial rigidity and refinancing risk.
Cash Flow VariabilityAlthough absolute FCF is large, its negative growth versus the prior period and volatile operating coverage suggest timing and cycle sensitivity (claims, reserve movements). This variability complicates longer-term planning for buybacks/dividends and could force more conservative capital or underwriting actions if cash weakens.
Progressive News
PGV FAQ
What was The Progressive Corporation’s price range in the past 12 months?
The Progressive Corporation lowest stock price was €162.75 and its highest was €243.55 in the past 12 months.
What is The Progressive Corporation’s market cap?
The Progressive Corporation’s market cap is €101.41B.
When is The Progressive Corporation’s upcoming earnings report date?
The Progressive Corporation’s upcoming earnings report date is Jul 09, 2026 which is in 30 days.
How were The Progressive Corporation’s earnings last quarter?
The Progressive Corporation released its earnings results on Apr 15, 2026. The company reported €3.983 earnings per share for the quarter, missing the consensus estimate of €4.205 by -€0.223.
Is The Progressive Corporation overvalued?
According to Wall Street analysts The Progressive Corporation’s price is currently Undervalued.
Does The Progressive Corporation pay dividends?
The Progressive Corporation does not currently pay dividends.
What is The Progressive Corporation’s EPS estimate?
The Progressive Corporation’s EPS estimate is 3.25.
How many shares outstanding does The Progressive Corporation have?
The Progressive Corporation has 584,336,500 shares outstanding.
What happened to The Progressive Corporation’s price movement after its last earnings report?
The Progressive Corporation reported an EPS of €3.983 in its last earnings report, missing expectations of €4.205. Following the earnings report the stock price went up 2.11%.
Which hedge fund is a major shareholder of The Progressive Corporation?
Currently, no hedge funds are holding shares in DE:PGV
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Progressive Stock Smart Score
Outperform
1
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5
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
€194.04 (12.10% Upside)
€194.04 (12.10% Upside)
Blogger Sentiment
Bullish
DE:PGV Sentiment 70%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth €221.0K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-22.46%
12-Months-Change
Fundamentals
Return on Equity
35.45%
Trailing 12-Months
Asset Growth
10.65%
Trailing 12-Months
Company Description
The Progressive Corporation
The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its portfolio includes personal and commercial vehicle coverage, residential and commercial property protection, general liability, and various other specialized property-casualty insurance options. The company's operations are structured into three main divisions: Personal Lines, Commercial Lines, and Property. Within the Personal Lines segment, Progressive provides coverage for individual automobiles and recreational vehicles. Offerings range from standard personal auto policies to specialized options for motorcycles, all-terrain vehicles (ATVs), RVs, watercraft, snowmobiles, and similar forms of personal transport. The Commercial Lines division focuses on providing primary liability and physical damage insurance for business vehicles, alongside general liability and property insurance tailored for commercial applications. This segment insures a diverse array of vehicles, including cars, vans, pickup trucks, and dump trucks for small businesses; tractors, trailers, and straight trucks for regional freight, expedited shipping, and long-haul transport companies; heavy-duty vehicles like dump trucks, log trucks, and garbage trucks used in industries such as construction, logging, and mining; and tow trucks and wreckers for towing and service stations, as well as various non-fleet taxis and premium car services. The Property segment offers residential insurance solutions for homeowners, other property owners, and renters. Its portfolio further extends to include personal umbrella policies and both primary and excess flood insurance. Beyond underwriting, the company facilitates policy issuance and claims adjusting. It also serves as an agent for various additional insurance products, such as homeowner general liability and workers' compensation, and provides reinsurance services. Progressive's products are distributed through independent insurance agencies, as well as directly to consumers via its online platforms (including mobile access) and telephone channels. Established in 1937, The Progressive Corporation maintains its headquarters in Mayfield, Ohio.
PGV Company Deck
PGV Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized a very strong 2025 characterized by exceptional growth and profitability: ~ $9B net premiums written, ~3.7M new policies, comprehensive income near $13B, comprehensive ROE ~40%, and investment portfolio returns of 7.33%. Management reinforced disciplined capital and investment policies (variable dividend of $13.50/share, targeted leverage <30%, conservative investment guidelines) while pursuing growth via higher operating leverage and strategic initiatives (Three Horizons, product diversification, AI/UBI). Notable challenges were acknowledged but comparatively smaller in scale: Florida rate cuts and a $1.2B policyholder credit, softer personal-line premium growth in parts of the year, trucking headwinds, and areas of BI severity to watch. Overall, the positives (substantial growth, industry-leading returns, strong investment performance, and active capital returns) outweigh the highlighted risks and operational headwinds.View all DE:PGV earnings summariesPGV Stock 12 Month Forecast
Average Price Target
€194.04
▲(12.10% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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