The Progressive Corporation (PGR)
- Previous Close
210.28 - Open
209.91 - Bid 208.59 x 800
- Ask 208.68 x 1000
- Day's Range
207.44 - 210.04 - 52 Week Range
111.41 - 217.77 - Volume
392,785 - Avg. Volume
2,708,128 - Market Cap (intraday)
122.195B - Beta (5Y Monthly) 0.35
- PE Ratio (TTM)
21.33 - EPS (TTM)
9.78 - Earnings Date Aug 1, 2024 - Aug 5, 2024
- Forward Dividend & Yield 0.40 (0.19%)
- Ex-Dividend Date Jul 3, 2024
- 1y Target Est
230.40
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.
www.progressive.com61,432
Full Time Employees
December 31
Fiscal Year Ends
Sector
Insurance - Property & Casualty
Industry
Recent News: PGR
Performance Overview: PGR
Trailing total returns as of 6/11/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: PGR
Valuation Measures
Market Cap
123.16B
Enterprise Value
129.89B
Trailing P/E
21.52
Forward P/E
20.66
PEG Ratio (5yr expected)
1.43
Price/Sales (ttm)
1.90
Price/Book (mrq)
5.65
Enterprise Value/Revenue
2.00
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
8.90%
Return on Assets (ttm)
5.42%
Return on Equity (ttm)
29.92%
Revenue (ttm)
65.02B
Net Income Avi to Common (ttm)
5.74B
Diluted EPS (ttm)
9.78
Balance Sheet and Cash Flow
Total Cash (mrq)
1.48B
Total Debt/Equity (mrq)
31.59%
Levered Free Cash Flow (ttm)
12.83B
Research Analysis: PGR
Company Insights: PGR
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Research Reports: PGR
Despite the Interest Rate Tailwind, P&C Insurers Are Overvalued
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
RatingPrice TargetProfitable quarter driven by rate revisions
Progressive Corp., based in Mayfield Village, Ohio, is a leading property & casualty insurance company. The company sells insurance through independent agencies and its own direct-sales website. The shares are included in the S&P 500 index.
RatingPrice TargetDour signals in the pre-market, when futures were universally lower, faded
Dour signals in the pre-market, when futures were universally lower, faded quickly once stock indices opened on Thursday. As of this writing, the DJIA, the S&P 500, the Nasdaq Composite, and the Russell 2000 are all in the green. Blue-chip stocks such as Home Depot (HD) and Caterpillar (CAT) are leading the markets. Elsewhere, weekly unemployment claims data from DOL add to the argument that the employment environment is slowing a bit. The latest claims total jumped 22,000 to 231,000, which was the highest level since last August. Still, the average number of weekly claims over the past decade is 375,000. The yield on the 10-year Treasury note is steady at 4.5%, despite the unemployment claims data. Bond traders are leery, having been burned by inflation reports (due next week) in recent months. Bitcoin is down 1% today, while gold and oil prices are ticking higher.
Progressive Earnings: Higher Interest Rates and Better Pricing Boost Returns
Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
RatingPrice Target