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PGR

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

214.08USD+4.33 (+2.06%)Delayed as of 19 Apr 2024, 10:59 am ET

Market Summary

PGR
USD214.08+4.33
Delayedas of 19 Apr 2024, 10:59 am
2.06%

PGR Stock Price

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PGR RSI Chart

PGR Valuation

Market Cap

122.9B

Price/Earnings (Trailing)

31.48

Price/Sales (Trailing)

1.98

EV/EBITDA

22.49

Price/Free Cashflow

11.82

PGR Price/Sales (Trailing)

PGR Profitability

EBT Margin

7.90%

Return on Equity

19.25%

Return on Assets

4.4%

Free Cashflow Yield

8.46%

PGR Fundamentals

PGR Revenue

Revenue (TTM)

62.1B

Rev. Growth (Yr)

25.4%

Rev. Growth (Qtr)

8.55%

PGR Earnings

Earnings (TTM)

3.9B

Earnings Growth (Yr)

140.54%

Earnings Growth (Qtr)

77.28%

Breaking Down PGR Revenue

52 Week Range

111.41214.08
(Low)(High)

Last 7 days

3.7%

Last 30 days

2.1%

Last 90 days

23.3%

Trailing 12 Months

51%

How does PGR drawdown profile look like?

PGR Financial Health

Debt/Equity

0.13

Debt/Cashflow

4.16

PGR Investor Care

Dividend Yield

0.55%

Dividend/Share (TTM)

1.15

Shares Dilution (1Y)

0.06%

Diluted EPS (TTM)

6.58

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
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 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
Mar 11, 2024
sauerland john p
sold (taxes)
-395,255
196
-2,008
vp and chief financial officer

1–10 of 50

Which funds bought or sold PGR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 17, 2024
LVZ, Inc.
new
-
302,578
302,578
0.04%
Apr 17, 2024
Coston, McIsaac & Partners
unchanged
-
1,000
2,000
-%
Apr 17, 2024
Annapolis Financial Services, LLC
unchanged
-
1,997
8,687
-%
Apr 17, 2024
Clarius Group, LLC
reduced
-13.00
106,152
924,692
0.06%
Apr 17, 2024
D.B. Root & Company, LLC
new
-
245,082
245,082
0.08%
Apr 17, 2024
Sandy Cove Advisors, LLC
new
-
311,294
311,294
0.14%
Apr 17, 2024
ATTICUS WEALTH MANAGEMENT, LLC
unchanged
-
25,624
111,476
0.04%
Apr 17, 2024
Cedar Brook Financial Partners, LLC
reduced
-5.38
262,255
1,854,180
0.37%
Apr 17, 2024
MEANS INVESTMENT CO., INC.
reduced
-11.8
35,345
278,431
0.04%
Apr 17, 2024
First Bank & Trust
added
3.56
674,949
2,632,820
0.54%

1–10 of 50

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
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
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
1.2B
-2.54% 3165.31%
-4.8K
765.85
-10.27% -34.69%
50.7B
10.1B
-7.85% 14.59%
52.27
5.04
17.79% -12.97%
49.7B
46.8B
-3.32% 37.26%
13.64
1.06
-14.05% -64.38%
48.2B
42.9B
-5.88% 15.29%
15.36
1.12
13.52% 12.15%
46.7B
18.7B
-3.98% 20.97%
10.03
2.5
-2.30% 5.45%
34.2B
13.6B
-0.31% 26.70%
7.7
2.51
41.83% 201.02%
10.5B
7.8B
-4.69% 1.23%
12.32
1.34
11.18% -5.12%
MID-CAP
9.7B
12.4B
-3.09% 22.57%
7.58
0.79
3.35% -8.77%
8.9B
11.1B
-4.72% 43.63%
13.82
0.8
9.21% 132.28%
4.6B
11.6B
-0.26% 24.04%
-6.14
0.4
-38.09% -155.38%
4.4B
2.8B
-1.66% 43.84%
20.8
1.54
100.59% -89.04%
SMALL-CAP
1.6B
1.2B
-9.70% 5.89%
-17.88
1.32
24.25% -115.79%
956.9M
306.9M
-1.13% -4.68%
15.41
3.12
4.11% 11.70%
633.2M
269.0M
-4.82% -7.03%
140.71
2.35
-46.68% -99.14%
39.8M
186.8M
-29.64% -14.72%
-232.66
0.21
-0.56% -111.21%

Progressive Corp-The News

Latest updates
Yahoo Finance16 Apr 202401:00 pm
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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue8.6%16,89115,56115,35414,30313,47012,78011,51911,84214,42211,36510,98211,44511,41610,94710,9729,32311,1619,5319,4518,4608,035
EBITDA Margin29.7%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*0.13*---
Interest Expenses0%70.0070.0066.0063.0063.0063.0063.0054.0052.0054.0056.0056.0056.0056.0056.0048.0047.0048.0047.0047.0046.00
Income Taxes78.5%51628990.0010719918.00-93.0076.0024221.00209388422393478176264167265485-17.60
Earnings Before Taxes77.5%2,5031,4104365541,025143-6353901,2041399991,8682,1061,9242,2698751,3391,0101,2441,568242
EBT Margin35.3%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*0.11*---
Net Income77.3%1,9881,121345448826124-5423149621197901,4801,6881,5311,7906931,0718429791,078265
Net Income Margin34.5%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*0.09*---
Free Cashflow-30.4%2,3553,3832,2472,4068831,9191,3262,4293972,2812,2762,5641,5001,4142,2051,5631,0461,681---
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets3.5%88,69185,65382,94580,40775,46575,52473,05773,93071,13272,61869,82465,41364,09862,90659,42156,26654,91154,00851,32448,85046,575
    Cash Equivalents-28.0%10013818028922136524128720228611512377.0091.0010937022746.0093.0015975.00
  Net PPE-4.2%8819209899491,0341,0671,1251,1041,1371,1611,0861,0771,1061,1821,1901,2151,2141,2141,1751,1271,132
  Goodwill-100.0%-228228228228228228453453453453453453453453453453453453453453
Liabilities0.2%68,41468,25766,23463,53959,57460,74857,40556,87852,90154,06051,14947,57747,06044,81942,75141,68941,01239,66237,77336,51835,539
Shareholder's Equity16.6%20,27717,39516,7111,90815,89114,77615,65358518,23218,5581,71249493218,08758540458514,1235849,3588,387
  Retained Earnings8.2%18,80117,38116,35016,08015,72114,98814,96815,57015,34015,39015,40114,68013,35514,42813,00211,26610,68010,99510,2769,3588,387
  Additional Paid-In Capital1.8%2,0131,9781,9361,9081,8931,8401,8151,7891,7731,7361,7121,6861,6731,6291,6151,6021,5731,5391,5231,4971,479
Accumulated Depreciation3.6%1,6551,5971,5801,5761,5511,4991,5131,4561,4071,4221,3971,3191,2911,2651,2421,1921,1381,0851,1061,0651,033
Shares Outstanding0%585585585585584584584584585585585585585585585585584584---
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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-28.7%2,4373,4202,3372,4509302,0271,3902,5024522,3712,3242,6151,5471,4802,2531,6261,1281,7591,5061,8691,083
Cashflow From Investing30.0%-2,346-3,352-2,867-2,277-995-1,781-1,377-3,802455-1,556-2,243225-1,466-1,380-2,217-1,053-885-1,673-1,501-277-1,378
Cashflow From Financing-19.6%-129-108421-104-78.90-121-59.301,385-990-643-89.10-2,792-95.70-117-296-429-61.70-131-70.30-1,507247
  Dividend Payments0%59.0059.0059.0059.00---59.00---2,695---------

PGR Income Statement

2023-12-31
Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues   
Net premiums earned$ 58,664.4$ 49,241.2$ 44,368.7
Investment income1,891.81,260.3860.9
Net realized gains (losses) on securities:   
Net realized gains (losses) on security sales13.7196.5614.3
Net holding period gains (losses) on securities348.4(2,100.1)899.9
Net impairment losses recognized in earnings(9.0)(8.6)(5.0)
Total net realized gains (losses) on securities353.1(1,912.2)1,509.2
Fees and other revenues889.1722.1691.8
Service revenues310.1299.3271.4
Total revenues62,108.549,610.747,702.0
Expenses   
Losses and loss adjustment expenses45,654.638,122.733,627.6
Policy acquisition costs4,665.13,917.03,712.8
Other underwriting expenses6,241.55,859.65,654.7
Investment expenses26.224.325.5
Service expenses349.0296.7252.8
Interest expense268.4243.5218.6
Goodwill impairment0.0224.80.0
Total expenses57,204.848,688.643,492.0
Net Income   
Income before income taxes4,903.7922.14,210.0
Provision for income taxes1,001.3200.6859.1
Net income3,902.4721.53,350.9
Changes in:   
Total net unrealized gains (losses) on fixed-maturity securities1,185.5(2,842.5)(891.1)
Net unrealized losses on forecasted transactions0.50.40.7
Foreign currency translation adjustment0.3(0.6)(0.6)
Other comprehensive income (loss)1,186.3(2,842.7)(891.0)
Comprehensive income (loss)5,088.7(2,121.2)2,459.9
Computation of Earnings Per Common Share   
Net income3,902.4721.53,350.9
Less: Preferred share dividends[1]37.626.926.9
Net income available to common shareholders$ 3,864.8$ 694.6$ 3,324.0
Average common shares outstanding - Basic584.9584.4584.5
Net effect of dilutive stock-based compensation2.62.72.6
Total average equivalent common shares - Diluted587.5587.1587.1
Basic: Earnings per share (usd per share)$ 6.61$ 1.19$ 5.69
Diluted: Earnings per share (usd per share)$ 6.58$ 1.18$ 5.66
[1]Changed to a floating dividend rate in March 2023. See Note 14 – Dividends for further discussion.

PGR Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Available-for-sale securities, at fair value:  
Fixed maturities (amortized cost: $62,441.9 and $50,264.0)$ 60,378.2$ 46,651.9
Short-term investments (amortized cost: $1,789.9 and $2,861.7)1,789.92,861.7
Total available-for-sale securities62,168.149,513.6
Equity securities, at fair value:  
Nonredeemable preferred stocks (cost: $977.1 and $1,364.2)902.11,213.2
Common equities (cost: $706.0 and $826.1)2,928.42,821.5
Total equity securities3,830.54,034.7
Total investments65,998.653,548.3
Cash and cash equivalents84.9203.5
Restricted cash and cash equivalents14.717.4
Total cash, cash equivalents, restricted cash, and restricted cash equivalents99.6220.9
Accrued investment income438.0282.5
Premiums receivable, net of allowance for credit losses of $369.1 and $343.311,958.210,416.9
Reinsurance recoverables5,093.95,832.1
Prepaid reinsurance premiums249.8295.5
Deferred acquisition costs1,687.41,544.4
Property and equipment, net of accumulated depreciation of $1,655.1 and $1,551.1880.81,034.0
Net federal deferred income taxes936.01,131.5
Other assets1,348.51,158.9
Total assets88,690.875,465.0
Liabilities  
Unearned premiums20,133.717,293.6
Loss and loss adjustment expense reserves34,389.230,359.3
Accounts payable, accrued expenses, and other liabilities[1]7,002.25,532.8
Debt[2]6,888.66,388.3
Total liabilities68,413.759,574.0
Shareholders' Equity  
Serial Preferred Shares, Series B, no par value (cumulative, liquidation preference of $1,000 per share) (authorized, issued, and outstanding 0.5)493.9493.9
Common shares, $1.00 par value (authorized 900.0; issued 797.6, including treasury shares of 212.3 and 212.7)585.3584.9
Paid-in capital2,013.11,893.0
Retained earnings18,800.515,721.2
Accumulated other comprehensive income (loss):  
Net unrealized gains (losses) on fixed-maturity securities(1,600.8)(2,786.3)
Net unrealized losses on forecasted transactions(14.0)(14.5)
Foreign currency translation adjustment(0.9)(1.2)
Total accumulated other comprehensive income (loss)(1,615.7)(2,802.0)
Total shareholders’ equity20,277.115,891.0
Total liabilities and shareholders’ equity$ 88,690.8$ 75,465.0
[1]See Note 1 – Reporting and Accounting Policies,Commitments and Contingencies and Note 12 – Litigation for further discussion.
[2]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 Thu Apr 18 2024, market cap of Progressive Corp-The is 122.85 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 Thu Apr 18 2024, PGR's PE ratio (Price to Earnings) is 31.48 and Price to Sales (PS) ratio is 1.98. 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 0.273 (multiply by 100 for percentage) rate of return.