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PGR

PGR - Progressive Corp-The Stock Price, Fair Value and News

215.88USD+0.42 (+0.19%)Market Closed

Market Summary

PGR
USD215.88+0.42
Market Closed
0.19%

PGR Alerts

  • 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

PGR Stock Price

View Fullscreen

PGR RSI Chart

PGR Valuation

Market Cap

126.4B

Price/Earnings (Trailing)

21.85

Price/Sales (Trailing)

1.94

EV/EBITDA

16.09

Price/Free Cashflow

10.39

PGR Price/Sales (Trailing)

PGR Profitability

EBT Margin

11.21%

Return on Equity

26.53%

Return on Assets

6.15%

Free Cashflow Yield

9.63%

PGR Fundamentals

PGR Revenue

Revenue (TTM)

65.0B

Rev. Growth (Yr)

20.55%

Rev. Growth (Qtr)

2.08%

PGR Earnings

Earnings (TTM)

5.8B

Earnings Growth (Yr)

420.52%

Earnings Growth (Qtr)

17.29%

Breaking Down PGR Revenue

Last 7 days

1.9%

Last 30 days

2.6%

Last 90 days

18.0%

Trailing 12 Months

59.1%

How does PGR drawdown profile look like?

PGR Financial Health

Debt/Equity

0.12

Debt/Cashflow

4.85

PGR Investor Care

Dividend Yield

0.53%

Dividend/Share (TTM)

1.15

Shares Dilution (1Y)

0.14%

Diluted EPS (TTM)

9.77

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202465.0B000
202352.1B55.9B58.7B62.1B
202248.6B49.1B50.6B49.6B
202144.8B44.8B45.2B48.2B
202039.5B41.0B42.4B42.7B
201933.0B34.4B35.5B38.6B
201827.9B29.4B31.1B32.0B
201724.2B25.0B25.8B26.8B
201621.5B22.1B22.7B23.4B
201519.6B20.1B20.6B20.9B
201418.4B18.6B18.8B19.4B
201317.4B17.8B17.9B18.2B
201216.0B16.3B16.9B17.1B
201115.4B15.6B15.7B15.8B
201014.8B14.9B15.0B15.2B
200912.7B12.8B14.2B14.6B
2008014.1B13.5B12.8B
200700014.7B
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Tracking the Latest Insider Buys and Sells of Progressive Corp-The

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 17, 2024
johnson devin c
sold
-208,326
208
-1,000
-
Apr 12, 2024
farah roger n
back to issuer
-
-
-2,549
-
Apr 12, 2024
bleser philip
back to issuer
-
-
-2,436
-
Apr 12, 2024
fitt lawton w
back to issuer
-
-
-3,898
-
Mar 11, 2024
bauer jonathan s.
acquired
-
-
3,893
chief investment officer
Mar 11, 2024
griffith susan patricia
acquired
-
-
14,501
president and ceo
Mar 11, 2024
griffith susan patricia
sold (taxes)
-1,225,920
196
-6,228
president and ceo
Mar 11, 2024
griffith susan patricia
sold (taxes)
-1,280,250
196
-6,504
president and ceo
Mar 11, 2024
sauerland john p
acquired
-
-
4,465
vp and chief financial officer
Mar 11, 2024
bauer jonathan s.
sold (taxes)
-363,367
196
-1,846
chief investment officer

1–10 of 50

Which funds bought or sold PGR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 07, 2024
Cornerstone Planning Group LLC
reduced
-14.00
2,022
17,950
0.01%
May 07, 2024
OPPENHEIMER & CO INC
added
21.31
501,291
1,372,870
0.02%
May 07, 2024
ASSETMARK, INC
added
43.38
3,531,800
7,630,240
0.03%
May 07, 2024
NIXON PEABODY TRUST CO
new
-
229,570
229,570
0.02%
May 07, 2024
ZEVENBERGEN CAPITAL INVESTMENTS LLC
reduced
-1.4
873,958
3,992,660
0.09%
May 07, 2024
Beacon Harbor Wealth Advisors, Inc.
reduced
-1.71
1,373,000
6,343,000
1.68%
May 07, 2024
Swiss National Bank
reduced
-4.28
70,802,500
362,349,000
0.25%
May 07, 2024
OPTIMAS CAPITAL Ltd
new
-
3,433,210
3,433,210
3.00%
May 07, 2024
CHILTON CAPITAL MANAGEMENT LLC
reduced
-8.18
46,377
287,687
0.01%
May 07, 2024
OPPENHEIMER ASSET MANAGEMENT INC.
reduced
-10.08
2,491,260
17,356,500
0.25%

1–10 of 47

Are Funds Buying or Selling PGR?

Are funds buying PGR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PGR
No. of Funds

Unveiling Progressive Corp-The's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
8.79%
51,466,044
SC 13G/A
Feb 12, 2024
blackrock inc.
8.0%
46,567,728
SC 13G/A
Feb 09, 2023
vanguard group inc
8.64%
50,562,142
SC 13G/A
Jan 31, 2023
blackrock inc.
7.4%
43,452,644
SC 13G/A
Feb 10, 2022
vanguard group inc
8.08%
47,203,179
SC 13G/A
Feb 04, 2022
wellington management group llp
4.84%
28,261,623
SC 13G/A
Feb 01, 2022
blackrock inc.
7.8%
45,790,327
SC 13G/A
Feb 10, 2021
vanguard group inc
8.25%
48,263,533
SC 13G/A
Feb 04, 2021
wellington management group llp
5.81%
34,012,839
SC 13G/A
Jan 29, 2021
blackrock inc.
7.5%
44,189,367
SC 13G/A

Recent SEC filings of Progressive Corp-The

View All Filings
Date Filed Form Type Document
May 06, 2024
10-Q
Quarterly Report
May 01, 2024
PX14A6G
PX14A6G
Apr 19, 2024
4
Insider Trading
Apr 17, 2024
144
Notice of Insider Sale Intent
Apr 16, 2024
4
Insider Trading
Apr 16, 2024
4
Insider Trading
Apr 16, 2024
4
Insider Trading
Apr 16, 2024
4
Insider Trading
Apr 16, 2024
4
Insider Trading
Apr 16, 2024
4
Insider Trading

Peers (Alternatives to Progressive Corp-The)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.0T
1.3B
-3.06% 3200.44%
-4.9K
773.83
-10.27% -34.69%
53.5B
10.6B
0.35% 13.39%
49.03
5.04
20.42% -6.05%
53.0B
48.4B
2.59% 50.41%
10.98
1.1
-4.15% -20.63%
49.8B
42.9B
-5.78% 18.24%
15.85
1.16
13.52% 12.15%
48.2B
19.3B
-0.38% 25.81%
9.01
2.49
3.03% 17.35%
37.0B
13.6B
4.64% 29.15%
8.33
2.72
41.83% 201.02%
11.0B
8.0B
-2.14% 12.66%
12.42
1.37
11.14% 7.56%
MID-CAP
10.0B
12.6B
-1.30% 18.66%
7.54
0.79
4.24% -13.40%
9.2B
11.1B
-2.63% 35.17%
14.28
0.82
9.21% 132.28%
5.0B
11.9B
-5.15% 39.72%
3.69
0.42
-33.27% 234.43%
4.5B
2.8B
-0.20% 45.14%
21.34
1.58
100.59% -89.04%
SMALL-CAP
1.9B
1.3B
8.10% 32.13%
-35.66
1.53
18.74% 30.90%
908.5M
308.9M
-0.11% -15.37%
14.73
2.94
3.79% 10.94%
828.5M
314.0M
15.44% 22.21%
14.41
2.64
-29.20% -88.19%
37.3M
186.8M
-15.67% -17.10%
-218.34
0.2
-0.56% -111.21%

Progressive Corp-The News

Latest updates
Yahoo New Zealand News41 hours ago
InvestorsObserver12 Mar 202407:00 am

Progressive Corp-The Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue2.1%17,24316,89115,56115,35414,30313,47012,78011,51911,84214,42211,36510,98211,44511,41610,94710,9729,32311,1619,5319,4518,460
EBITDA Margin37.3%0.12*0.09*0.07*0.05*0.03*0.03*0.03*0.03*0.07*0.10*0.12*0.17*0.19*0.18*0.16*0.15*0.12*0.14*---
Interest Expenses-0.1%70.0070.0070.0066.0063.0063.0063.0063.0054.0052.0054.0056.0056.0056.0056.0056.0048.0047.0048.0047.0047.00
Income Taxes18.0%60951628990.0010719918.00-93.0076.0024221.00209388422393478176264167265485
Earnings Before Taxes17.4%2,9402,5031,4104365541,025143-6353901,2041399991,8682,1061,9242,2698751,3391,0101,2441,568
EBT Margin41.9%0.11*0.08*0.06*0.04*0.02*0.02*0.02*0.02*0.06*0.09*0.11*0.15*0.18*0.17*0.15*0.13*0.11*0.13*---
Net Income17.3%2,3311,9881,121345448826124-5423149621197901,4801,6881,5311,7906931,0718429791,078
Net Income Margin41.6%0.09*0.06*0.05*0.03*0.02*0.01*0.02*0.02*0.04*0.07*0.09*0.12*0.14*0.13*0.12*0.11*0.09*0.10*---
Free Cashflow77.7%4,1852,3553,3832,2472,4068831,9191,3262,4293972,2812,2762,5641,5001,4142,2051,5631,046---
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets6.1%94,12888,69185,65382,94580,40775,46575,52473,05773,93071,13272,61869,82465,41364,09862,90659,42156,26654,91154,00851,32448,850
    Cash Equivalents68.6%16810013818028922136524128720228611512377.0091.0010937022746.0093.00159
  Net PPE-14.1%7568819209899491,0341,0671,1251,1041,1371,1611,0861,0771,1061,1821,1901,2151,2141,2141,1751,127
  Goodwill---228228228228228228453453453453453453453453453453453453453
Liabilities5.7%72,31768,41468,25766,23463,53959,57460,74857,40556,87852,90154,06051,14947,57747,06044,81942,75141,68941,01239,66237,77336,518
Shareholder's Equity7.6%21,81120,27717,39516,7111,90815,89114,77615,65358518,23218,5581,71249493218,08758540458514,1235849,358
  Retained Earnings11.8%21,02118,80117,38116,35016,08015,72114,98814,96815,57015,34015,39015,40114,68013,35514,42813,00211,26610,68010,99510,2769,358
  Additional Paid-In Capital0.8%2,0292,0131,9781,9361,9081,8931,8401,8151,7891,7731,7361,7121,6861,6731,6291,6151,6021,5731,5391,5231,497
Accumulated Depreciation-4.5%1,5801,6551,5971,5801,5761,5511,4991,5131,4561,4071,4221,3971,3191,2911,2651,2421,1921,1381,0851,1061,065
Shares Outstanding0.1%586585585585585584584584584585585585585585585585585584---
Float----76,907---67,446---56,938---46,424---46,188-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations73.8%4,2352,4373,4202,3372,4509302,0271,3902,5024522,3712,3242,6151,5471,4802,2531,6261,1281,7591,5061,869
Cashflow From Investing-33.2%-3,124-2,346-3,352-2,867-2,277-995-1,781-1,377-3,802455-1,556-2,243225-1,466-1,380-2,217-1,053-885-1,673-1,501-277
Cashflow From Financing-703.4%-1,042-129-108421-104-78.90-121-59.301,385-990-643-89.10-2,792-95.70-117-296-429-61.70-131-70.30-1,507
  Dividend Payments-100.0%-59.0059.0059.0059.00---59.00---2,695--------
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PGR Income Statement

2024-03-31
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues  
Net premiums earned$ 16,148.6$ 13,533.1
Investment income617.6419.6
Net realized gains (losses) on securities:  
Net realized gains (losses) on security sales(146.5)(30.3)
Net holding period gains (losses) on securities302.1104.4
Net impairment losses recognized in earnings0.0(2.3)
Total net realized gains (losses) on securities155.671.8
Fees and other revenues236.5206.2
Service revenues84.272.5
Total revenues17,242.514,303.2
Expenses  
Losses and loss adjustment expenses10,971.610,624.0
Policy acquisition costs1,232.21,115.8
Other underwriting expenses1,931.41,857.9
Investment expenses5.75.5
Service expenses92.182.3
Interest expense69.663.3
Total expenses14,302.613,748.8
Net Income  
Income before income taxes2,939.9554.4
Provision for income taxes608.5106.5
Net income2,331.4447.9
Other Comprehensive Income (Loss)  
Total net unrealized gains (losses) on fixed-maturity securities(207.8)603.2
Net unrealized losses on forecasted transactions0.10.1
Foreign currency translation adjustment(0.2)0.0
Other comprehensive income (loss)(207.9)603.3
Comprehensive income (loss)2,123.51,051.2
Computation of Earnings Per Common Share  
Net income2,331.4447.9
Less: Preferred share dividends and other[1]17.07.3
Net income available to common shareholders$ 2,314.4$ 440.6
Average common shares outstanding - Basic (in shares)585.4584.9
Net effect of dilutive stock-based compensation (in shares)1.92.1
Total average equivalent common shares - Diluted (in shares)587.3587.0
Basic: Earnings per common shares (in dollars per share)$ 3.95$ 0.75
Diluted: Earnings per common share (in dollars per share)$ 3.94$ 0.75
[1]All of our outstanding Serial Preferred Shares, Series B, were redeemed in February 2024. See Note 9 – Dividends for further discussion.

PGR Balance Sheet

2024-03-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Assets   
Fixed maturities (amortized cost: $65,949.3, $53,123.9, and $62,441.9)$ 63,629.7$ 60,378.2$ 50,289.2
Short-term investments (amortized cost: $1,326.7, $2,524.1, and $1,789.9)1,326.71,789.92,524.1
Total available-for-sale securities64,956.462,168.152,813.3
Nonredeemable preferred stocks (cost: $931.1, $1,197.7, and $977.1)886.7902.11,078.8
Common equities (cost: $708.2, $740.5, and $706.0)3,194.92,928.42,794.3
Total equity securities4,081.63,830.53,873.1
Total investments69,038.065,998.656,686.4
Cash and cash equivalents154.584.9273.7
Restricted cash and cash equivalents13.414.714.9
Total cash, cash equivalents, restricted cash, and restricted cash equivalents167.999.6288.6
Accrued investment income464.2438.0299.5
Premiums receivable, net of allowance for credit losses of $327.7, $340.9, and $369.114,192.511,958.212,411.4
Reinsurance recoverables5,003.45,093.95,616.2
Prepaid reinsurance premiums209.8249.8269.6
Deferred acquisition costs1,818.21,687.41,626.8
Property and equipment, net of accumulated depreciation of $1,580.2, $1,576.2, and $1,655.1756.3880.8949.0
Net federal deferred income taxes1,031.8936.01,057.0
Other assets1,445.81,348.51,202.6
Total assets94,127.988,690.880,407.1
Liabilities   
Unearned premiums22,907.320,133.719,844.3
Loss and loss adjustment expense reserves34,831.034,389.231,026.4
Accounts payable, accrued expenses, and other liabilities7,688.67,002.26,278.7
Debt[1]6,889.76,888.66,389.3
Total liabilities72,316.668,413.763,538.7
Shareholders' Equity   
Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference $1,000 per share) (authorized, issued, and outstanding of $0, $0.5, and $0.5)0.0493.9493.9
Common shares, $1.00 par value (authorized 900.0; issued 797.6, including treasury shares of 211.9, 212.2, and 212.3)585.7585.3585.4
Paid-in capital2,028.72,013.11,907.7
Retained earnings21,020.518,800.516,080.1
Accumulated other comprehensive income (loss):   
Net unrealized gains (losses) on fixed-maturity securities(1,808.6)(1,600.8)(2,183.1)
Net unrealized losses on forecasted transactions(13.9)(14.0)(14.4)
Foreign currency translation adjustment(1.1)(0.9)(1.2)
Total accumulated other comprehensive income (loss)(1,823.6)(1,615.7)(2,198.7)
Total shareholders’ equity21,811.320,277.116,868.4
Total liabilities and shareholders’ equity$ 94,127.9$ 88,690.8$ 80,407.1
[1]Consists of long-term debt. See Note 4 – Debt for further discussion.
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 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, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, 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; as well as non-fleet and airport taxis, and black-car services. 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; and acts as an agent to homeowners, general liability, workers' compensation insurance, and other products. It also provides reinsurance services. The company 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.
 CEO
 WEBSITEprogressive.com
 INDUSTRYInsurance Property & Casualty
 EMPLOYEES55100

Progressive Corp-The Frequently Asked Questions


What is the ticker symbol for Progressive Corp-The? What does PGR stand for in stocks?

PGR is the stock ticker symbol of Progressive Corp-The. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Progressive Corp-The (PGR)?

As of Wed May 08 2024, market cap of Progressive Corp-The is 126.44 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PGR stock?

You can check PGR's fair value in chart for subscribers.

What is the fair value of PGR stock?

You can check PGR's fair value in chart for subscribers. The fair value of Progressive Corp-The is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Progressive Corp-The is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PGR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Progressive Corp-The a good stock to buy?

The fair value guage provides a quick view whether PGR is over valued or under valued. Whether Progressive Corp-The is cheap or expensive depends on the assumptions which impact Progressive Corp-The's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PGR.

What is Progressive Corp-The's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, PGR's PE ratio (Price to Earnings) is 21.85 and Price to Sales (PS) ratio is 1.94. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PGR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Progressive Corp-The's stock?

In the past 10 years, Progressive Corp-The has provided 0.272 (multiply by 100 for percentage) rate of return.