The Progressive (PGR)
(Delayed Data from NYSE)
$256.99 USD
+0.45 (0.18%)
Updated Sep 25, 2024 04:00 PM ET
After-Market: $257.07 +0.08 (0.03%) 7:58 PM ET
1-Strong Buy of 5 1
D Value B Growth A Momentum B VGM
Company Summary
Based in Mayfield Village, OH, The Progressive Corporation is one of the major auto insurers in the country. Founded in 1965, Progressive is a leading independent agency writer of private passenger auto coverage, and the market share leader for the motorcycle products since 1998. Progressive operates through three business segments.
- The Personal Lines (77% of 2023 Net Premium earned) segment writes insurance for private passenger automobiles, recreational and other vehicles. This business generally offers more than one program in a single state, with each program targeted toward a specific distribution channel, market, or customer ...
Company Summary
Based in Mayfield Village, OH, The Progressive Corporation is one of the major auto insurers in the country. Founded in 1965, Progressive is a leading independent agency writer of private passenger auto coverage, and the market share leader for the motorcycle products since 1998. Progressive operates through three business segments.
- The Personal Lines (77% of 2023 Net Premium earned) segment writes insurance for private passenger automobiles, recreational and other vehicles. This business generally offers more than one program in a single state, with each program targeted toward a specific distribution channel, market, or customer group. Personal Lines products comprise insurance for personal autos and special lines products. The agency business includes business written by Progressive’s network of more than 35,000 independent insurance agencies located throughout the United States, as well as brokerages in New York and California and strategic alliance business relationships (other insurance companies, financial institutions, and national agencies). The direct business includes business written directly by the company online and over the phone.
- The Commercial Lines (18%) segment writes primary liability and physical damage insurance for automobiles and trucks owned by small businesses. The majority of its Commercial Auto customers insure two or fewer vehicles. The Commercial Lines business, which is primarily distributed through the independent agency channel, operates in the business auto and specialty truck markets. The business auto market accounts for one third of its total Commercial Auto premiums and approximately 60% of the vehicles Progressive insures in this business. The remainder is in the specialty truck commercial auto market, which includes dump trucks, logging trucks, tow trucks, local cartage and other short-haul commercial vehicles.
- The Property (5%) segment writes personal property insurance, for homeowners, other property owners, and renters, in the Agency channel in over 31 states and the District of Columbia for personal property insurance and in over four states for commercial property insurance.
General Information
The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, OH 44143
Phone: 440-461-5000
Fax: 440-446-7436
Web: http://www.progressive.com
Email: investor_relations@progressive.com
Industry | Insurance - Property and Casualty |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/11/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 3.22 |
Current Year EPS Consensus Estimate | 12.90 |
Estimated Long-Term EPS Growth Rate | 27.60 |
Exp Earnings Date | 10/11/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 256.54 |
52 Week High | 260.46 |
52 Week Low | 137.59 |
Beta | 0.35 |
20 Day Moving Average | 2,303,128.00 |
Target Price Consensus | 271.18 |
4 Week | 4.47 |
12 Week | 21.51 |
YTD | 61.06 |
4 Week | 2.52 |
12 Week | 16.77 |
YTD | 34.01 |
Shares Outstanding (millions) | 585.67 |
Market Capitalization (millions) | 150,246.94 |
Short Ratio | NA |
Last Split Date | 5/19/2006 |
Dividend Yield | 0.16% |
Annual Dividend | $0.40 |
Payout Ratio | 0.03 |
Change in Payout Ratio | -0.09 |
Last Dividend Payout / Amount | 7/3/2024 / $0.10 |
Fundamental Ratios
P/E (F1) | 19.90 |
Trailing 12 Months | 22.44 |
PEG Ratio | 0.72 |
vs. Previous Year | 430.00% |
vs. Previous Quarter | -28.95% |
vs. Previous Year | 18.11% |
vs. Previous Quarter | 5.17% |
Price/Book | 6.44 |
Price/Cash Flow | 37.86 |
Price / Sales | 2.22 |
6/30/24 | 33.01 |
3/31/24 | 29.43 |
12/31/23 | 21.25 |
6/30/24 | 7.37 |
3/31/24 | 6.26 |
12/31/23 | 4.36 |
6/30/24 | 0.31 |
3/31/24 | 0.32 |
12/31/23 | 0.31 |
6/30/24 | 0.31 |
3/31/24 | 0.32 |
12/31/23 | 0.31 |
6/30/24 | 9.96 |
3/31/24 | 8.45 |
12/31/23 | 5.93 |
6/30/24 | 10.17 |
3/31/24 | 8.89 |
12/31/23 | 6.28 |
6/30/24 | 12.85 |
3/31/24 | 11.21 |
12/31/23 | 7.90 |
6/30/24 | 39.85 |
3/31/24 | 37.24 |
12/31/23 | 33.81 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 0.30 |
3/31/24 | 0.32 |
12/31/23 | 0.35 |
6/30/24 | 22.79 |
3/31/24 | 24.00 |
12/31/23 | 25.36 |