Progressive (PGR) - Stock Price & Dividends

Exchange: USA Stocks • Country: United States • Currency: USD • Type: Common Stock • ISIN: US7433151039

The Progressive Corporation, also known as Progressive Corp with the stock symbol PGR on the New York Stock Exchange, is a notable insurance holding company in the United States. They offer a wide range of insurance products and services for individuals and businesses.

Operating in three main segments - Personal Lines, Commercial Lines, and Property - Progressive caters to various insurance needs. The Personal Lines segment focuses on personal auto insurance and special lines products, including coverage for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and other related items.

The Commercial Lines segment specializes in providing auto-related liability and physical damage insurance, along with general liability and property insurance for a range of commercial vehicles used by small businesses to long-haul operators.

The Property segment of Progressive offers residential property insurance for homeowners, other property owners, and renters. Additionally, they provide manufactured home insurance, personal umbrella coverage, as well as flood insurance policies.

In addition to offering insurance products, Progressive also provides policy issuance, claims adjusting, acts as an agent for various insurance types, and offers reinsurance services. Their products are available through independent insurance agencies, mobile applications, and over the phone for customer convenience.

Founded in 1937 and headquartered in Mayfield Village, Ohio, Progressive has established itself as a trusted insurance provider in the country. To learn more about Progressive Corp and their services, you can visit their official website at https://www.progressive.com.

AI improved, may contain errors or wrong assumptions

Drawdown (Underwater) Chart

Drawdown / Underwater Chart for Progressive (PGR) - Stock Price & Dividends

PGR Stock Overview

Market Cap in USD 113,380m
Sector Financial Services
Industry Insurance - Property & Casualty
GiC SubIndustry Property & Casualty Insurance
TER 0.00%
IPO / Inception 1986-07-09

PGR Stock Ratings

Fundamental 3.49
Dividend 2.06
Growth 5y 8.90
Rel. Performance vs Sector 1.65
Analysts 3.59
Fair Price Total Ret. 210.14
Fair Price DCF 376.06

PGR Dividends

Yield 12m 0.60%
Yield on Cost 5y 1.78%
Dividends CAGR 5y -32.26%
Payout Consistency 82.3%

PGR Growth Ratios

Growth 12m 35.99%
Growth Correlation 12m 52%
Growth Correlation 3m 76%
CAGR 5y 24.24%
CAGR / Mean Drawdown 4.07
Sharpe Ratio 12m 1.05
Alpha vs SP500 12m 18.99
Beta vs SP500 5y weekly 0.47
CAPM 6.52%
Average Daily Range 2m 1.68%
Regime Oscillator 82.87
Volatility GJR Garch 1y 21.89%
Price / SMA 50 10.76%
Price / SMA 200 29.79%
Current Volume 2533.7k
Average Volume 20d 2181k

External Links for PGR Stock

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What is the price of PGR stocks?
As of February 29, 2024, the stock is trading at USD 192.03 with a total of 2,533,686 shares traded.
Over the past week, the price has changed by +0.94%, over one month by +8.03%, over three months by +18.21% and over the past year by +36.51%.
Why is PGR stock down?
Check with which Index or Commodity PGR has the highest Correlation, do they have a common driver?
Review the Fundamentals to find weaknesses (Debt, low returns). Check the Performance of the Peer-Group to find out, if the entire sector is under pressure.
Period Return PGR Return S&P 500
1 Month 8.03% 3.05%
3 Months 18.21% 11.73%
12 Months 36.51% 29.22%
What is the forecast for PGR stock price target?
According to ValueRays Forecast Model, PGR Progressive will be worth about 230.5 in February 2025. The stock is currently trading at 192.03. This means that the stock has a potential upside of +20.03%.
Issuer Forecast Upside
Wallstreet Target Price 194.7 1.4%
Analysts Target Price 155.9 -18.8%
ValueRay Target Price 230.5 20.0%

The Progressive Corporation: A Trailblazer in the Insurance Industry

History and Foundational Goals

The Progressive Corporation, commonly known as Progressive, embarked on its journey in 1937, founded by Joseph Lewis and Jack Green. The duo had a pioneering vision: to offer vehicle owners security and protection through innovative insurance solutions. This forward-thinking approach laid the groundwork for what would become a leading company in the insurance sector.

Core and Side Businesses

Progressive's core operation centers on providing insurance for motor vehicles, including cars, trucks, motorcycles, and boats. However, the company's offerings extend beyond vehicles to include home insurance, through select companies, enhancing its portfolio and market reach. Progressive is known for its commitment to innovation, exemplified by its introduction of the Snapshot personalized insurance rate program, which rewards safe driving behaviors with potential savings for the policyholder.

Current Market Status

As of my last update, Progressive stands as one of the largest insurers in the United States, consistently ranking high in terms of premiums written and market share within the auto insurance sector. The company's financial strength is reflected in its stock performance on the New York Stock Exchange (NYSE) under the ticker symbol PGR, and it has shown resilience and growth potential even in challenging market conditions. Progressive's dedication to customer-centric product development and innovative marketing strategies continue to drive its success in a competitive landscape.