The Progressive Corporation (PGR)
| Market Cap | 93.19B |
| Revenue (ttm) | 58.69B |
| Net Income (ttm) | 2.71B |
| Shares Out | 585.04M |
| EPS (ttm) | 4.60 |
| PE Ratio | 34.63 |
| Forward PE | 19.92 |
| Dividend | $0.30 (0.19%) |
| Ex-Dividend Date | Jan 18, 2024 |
| Volume | 1,002,691 |
| Open | 158.47 |
| Previous Close | 158.34 |
| Day's Range | 158.10 - 159.82 |
| 52-Week Range | 111.41 - 165.57 |
| Beta | 0.42 |
| Analysts | Buy |
| Price Target | 161.69 (+1.51%) |
| Earnings Date | Jan 24, 2024 |
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 2022, PGR's revenue was $49.61 billion, an increase of 4.00% compared to the previous year's $47.70 billion. Earnings were $694.60 million, a decrease of -79.10%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for PGR stock is "Buy." The 12-month stock price forecast is $161.69, which is an increase of 1.51% from the latest price.
News
Progressive Reports November 2023 Results
MAYFIELD VILLAGE, OHIO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for November 2023:
Analysts shift attention to new market leaders in Q4
Among the most significant takeaways from the Q3 earnings reporting cycle is that the analysts' attention is shifting. The shift is not so much a sector rotation but a rotation within the tech sector ...
Progressive Announces Dividend Information and 2024 Annual Meeting Record Date
MAYFIELD VILLAGE, OHIO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- On December 1, 2023, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared an annual common share dividend, in the amount ...
Progressive Reports October 2023 Results
MAYFIELD VILLAGE, OHIO, Nov. 17, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for October 2023:
Interest rates propel insurers' earnings to new highs
It's understandable that investors gravitate toward the more exciting and fast-moving tech stocks, but any industry can suddenly become interesting if it's on the upswing.
Progressive CEO Tricia Griffith: We are in the business of trust
Progressive CEO Tricia Griffith joins 'Squawk on the Street' to discuss the state of the overall insurance business, how the higher interest rates are affecting the company's economics, and whether th...
Progressive Announces Investor Relations Call
MAYFIELD VILLAGE, OHIO, Oct. 25, 2023 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on Wednesday, November 1, 202...
Crash Champions Announces Appointment of Automotive Insurance Industry Veteran Michael Sieger to its Board of Directors
Former Progressive Claims President to Support Crash Champions' Strategic Growth CHICAGO and SANTA MONICA, Calif. , Oct. 24, 2023 /PRNewswire/ -- Crash Champions, LLC ("Crash Champions" or the "Compa...
How Progressive Corp's Stock Leaped Up 8% Following A Stellar Earnings Surprise! - Progressive (NYSE:PGR)
Progressive Corp's PGR recent performance has been remarkable, with earnings far surpassing expectations in the third quarter.
Progressive Reports September 2023 Results
MAYFIELD VILLAGE, OHIO, Oct. 13, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for September 2023 and the third quarter of 2023:
Progressive Reports August 2023 Results
MAYFIELD VILLAGE, OHIO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for August 2023:
(TEST) The technical trade: IBM, INTC & PGR
Jessica Inskip, OptionsPlay director of product, joins 'Power Lunch' to discuss the technical support for IBM, Intel Corp and Progressive.
Potential UAW strike presents a near-term headwind for auto insurers - JPM
J.P.Morgan on Thursday said supply chain disruptions from a potential United Auto Workers (UAW) union strike would cut new vehicle production, drive up used car prices and put pressure on margins in t...
Insurance companies in the spotlight as Hurricane Idalia approaches Florida
Stocks with exposure to the insurance and reinsurance businesses were in the spotlight on Wednesday as Florida's upper Gulf Coast prepared for the landfall of Hurricane Idalia as a Category 4 storm. P...
Progressive Stock Is S&P 500's Best Performer. Here's Why.
The insurance company says it made strides in net premiums written and net premiums earned in July.
Cramer's Stop Trading: Progressive
CNBC's Jim Cramer explains why he is keeping an eye on shares of Progressive Corp.
Progressive Reports July 2023 Results
MAYFIELD VILLAGE, OHIO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2023:
Progressive Announces Investor Relations Event
MAYFIELD VILLAGE, OHIO, July 26, 2023 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations event on Wednesday, August 2, 2023, beginning...
Top 5 Financial Stocks That Could Blast Off In July - Allstate (NYSE:ALL), Cherry Hill Mortgage (NYSE:CHMI)
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
Progressive Stock Catches a Downgrade
Used car prices are still up almost 40% compared with prepandemic levels. More expensive cars mean more costly repairs and auto insurance.
Progressive Reports June 2023 Results
MAYFIELD VILLAGE, OHIO, July 13, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for June 2023 and the second quarter of 2023:
Car Insurance Bill Rising? Watch Progressive's Earnings.
For Progressive's second quarter, Wall Street is looking for earnings per share of about 85 cents from $14.5 billion in sales.
Progressive Reports May 2023 Results
MAYFIELD VILLAGE, OHIO, June 14, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for May 2023:
AM Best Assigns Issue Credit Rating to The Progressive Corporation's Senior Unsecured Notes
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a” (Excellent) to the recently announced $500 million of 4.95% senior unsecured notes, due 2033,...