Progressive Corp: (NYSE: PGR)

$25.88

-0.25 (-0.96%)

Volume 3,423,248

May 22 04:00 PM ET

Zacks Rank: 2-Buy

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.6%
#2	Buy	18.71%
#3	Hold	10.12%
#4	Sell	4.32%
#5	Strong Sell	2.16%
S&P	500	9.93%

Overview Quote

            Stock Activity
        
		Day Low - High
		25.65 - 26.26
	
		52wk Low - High
		19.17 - 26.39
	
		Previous Close
		26.13
	
		Avg. Volume
		2,485,371
	
		Industry
		INS-PROP&CASLTY
	
		Market Cap
		15.76 B
	
		Div - Yield
		0.28 - 1.09
	
		Beta
		0.84
	
		PE (Forward)
		17.25
	
		Current Year Est.
		1.51
	
		Quarterly Earnings ESP 
		5.41%
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

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		Zacks Rank  Short-Term: 1-3 Months
                                                                
                                                                Zacks #1 Rank Strong Buys
                                                                
                                                            This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below. 

                                                                        Zacks Rank
                                                                        Definition
                                                                        Annualized Return
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.6%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.71%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        10.12%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.32%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        2.16%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.93%
                                                                    
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		2
Buy

		Zacks Recommendation  Long-Term: 6+ Months
                                                                
                                                                All Outperform Rated Stocks
                                                                
                                                            Zacks Recommendations are an excellent predictor of stock price movement over a 6+ month time frame. The recommendations come from the Zacks Equity Research group which combines the Zacks Rank with the insights from their team of over 50 equity analysts. The result is superior long term stock ratings.
The Zacks Recommendations are split into 3 groups: Buy, Hold and Sell. Our Buy recommendations have generated returns of 34.4% in 2006, and 16.69% in 2007. When Zacks Premium members click on the recommendation it will launch them to the Zacks Equity Research report for the stock.    More on these reports below.

                                                                    Difference Between Zacks Rank and Zacks Recommendation

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		Neutral
	
		Zacks Industry Rank Which industries are set to outperform or underperform the market? You'll find the answer here. We have broken down all industries into over 200 classifications. Then ranked these industries using the most powerful indicator we know (the Zacks Rank). The higher the industry rank, the better the industry should perform in the future. Once you have found an attractive industry then check out the Rank in Industry to find the best stocks within the industry.
When Zacks Premium members click on the Zacks Industry Rank link they will see the full listing of industries and their current rankings.

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                                                                Zacks Industry Rank - All current industry ranks. 

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		6 out of 265
	
		Equity Research Report The Zacks Recommendations and Zacks Target Prices are just two of the valuable resources you'll find in the reports created by the Zacks Equity Research group. When Zacks Premium members click on this link they will taken to a page that gives them access to the Zacks Equity Research report for the stock.

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Updated as of 05/17/2013

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                Key Earnings Data
            
                            PE (Forward)
                            17.25
                        
                            PEG Ratio
                            2.03
                        
                            Current Year Est.
                            1.51
                        
                            Current Quarter Estimate
                            0.37
                        
                            Most Accurate Estimate
                            0.39
                        
                            Earnings ESP 
                            5.41%
                        
                            Next Earnings Report Date
                            07-11-2013
                        
                            EPS Last Year
                            1.24
                        
                            Expected Earnings Growth
                            8.50%
                        
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

            Company Description
        
Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. Progressive is committed to providing independent agents with a financially strong company that offers competitive products designed specifically for the agency business; a strong national brand that drives consumers to independent agent's offices; 24-hour, in-person services for them and their customers; and continued innovations in technology. (Company Press Release)   
Full PGR Company Report

        
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            <a href="#"><img id="dart_image_1" src="http://b7d61a7c6b8c307bf531-a92a66b9587e2a0aa805bd4e70b98407.r95.cf2.rackcdn.com/images/zacks/logos/zacks_logo_230x76.png" width="336" height="280" border="0" alt="" /></a>        
Turn Earnings Surprises into quick profits.
 
PGR Chart  by YCharts

Earnings Estimates

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Average Estimate	0.37	0.33	1.52	1.62
Number of Estimates	14	13	16	16
Low Estimate	0.30	0.24	1.35	1.45
High Estimate	0.42	0.38	1.65	NA
Year Ago EPS	0.20	0.28	1.15	1.52
EPS Growth	83.93%	16.21%	31.74%	6.64%

More PGR Estimates

Average Earnings Estimates for PGR

EPS Growth for PGR

Industry Analysis

Name	Symbol	Previous Close
PROGRESSIVE COR	PGR	26.13
ALLEGHANY CORP	Y	396.97
AMER SAFETY INS	ASI	23.23
AXIS CAP HLDGS	AXS	43.34
CATLIN GROUP LT	CLNGF	8.10
GLOBAL INDEMNTY	GBLI	23.43
GREENLIGHT CAP	GLRE	24.41
HANOVER INSURAN	THG	50.85
HOMEOWNERS CHCE	HCI	33.55
MONTPELIER RE	MRH	24.84

Sector:Finance>> Industry:INS-PROP&CASLTY

COMPARE TICKER vs. Its Peers

Zacks Commentary

Progressive Downgraded to Neutral

May 20, 2013

Better Result for PGR in April

May 17, 2013

Bull of the Day: XL Group PLC (XL)

May, 13 2013 00:00

Arch Capital Posts Strong 1Q Earnings

May 01, 2013

Progressive Outshines Earnings Estimates

Apr 12, 2013

Fitch Avows Aflac's Credibility

Apr 11, 2013

White Mountains: A Strong Buy

Apr 11, 2013

Progressive Likely to Beat?

Apr 08, 2013

More PGR Zacks Commentary

Financials

EPS TTM	1.24
Sales	16,802
Net Income	953
Price/Earnings	21.07
Price/Book	2.47
Price/Cash Flow	15.09
Price/Sales	0.89

More PGR Financials

News

Progressive (PGR) Crosses Pivot Point Support at $26.13 - Financial News Network Online - Pivot Alerts

May 21, 2013

Progressive CEO Sees Mobile Devices as 'a Primary Front Door' - Ambest

May 20, 2013

Progressive (PGR) Showing Bullish Technicals But Could Fall Through $25.94 Support - Freshbrewedmedia

May 17, 2013

Progressive Announces Annual Meeting Results - Businesswire

May 17, 2013

Progressive: 52-Week High Recently Eclipsed (PGR) - Financial News Netwfork Online - 52-Week High-Lows

May 16, 2013

Progressive Reports April Results - Businesswire

May 15, 2013

Recent 52-Week High Exceeded in Shares of Progressive (PGR) - Financial News Netwfork Online - 52-Week High-Lows

May 14, 2013

Progressive (PGR) Showing Bullish Technicals With 1.11% Dividend Yield - Freshbrewedmedia

May 13, 2013

See All News Stories on PGR

Broker Recommendations

Current ABR	3.33
ABR (Last Week)	3.33
# of recs in ABR	19
Average Target Price	24.67
Industry Rank by ABR	6 out of 265
Rank in Industry	16 out of 57

More PGR Broker Recommendations

Day Low - High	25.65 - 26.26
52wk Low - High	19.17 - 26.39
Previous Close	26.13
Avg. Volume	2,485,371
Industry	INS-PROP&CASLTY
Market Cap	15.76 B
Div - Yield	0.28 - 1.09
Beta	0.84
PE (Forward)	17.25
Current Year Est.	1.51
Quarterly Earnings ESP	5.41%

PE (Forward)	17.25
PEG Ratio	2.03
Current Year Est.	1.51
Current Quarter Estimate	0.37
Most Accurate Estimate	0.39
Earnings ESP	5.41%
Next Earnings Report Date	07-11-2013
EPS Last Year	1.24
Expected Earnings Growth	8.50%

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Progressive Corp: (NYSE: PGR)

$25.88

-0.25 (-0.96%)

Volume 3,423,248

May 22 04:00 PM ET

Stock Activity

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks Recommendation Long-Term: 6+ Months

Zacks Industry Rank

Equity Research Report

Key Earnings Data

Company Description

Earnings Estimates

Industry Analysis

Sector:Finance>> Industry:INS-PROP&CASLTY

Zacks Commentary

Financials

News

Broker Recommendations