PGR - Progressive - Stock Price & Dividends

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

Auto Insurance, Home Insurance, Liability Insurance

The Progressive Corporation is a leading insurance holding company that offers a diverse range of personal and commercial insurance products and services in the United States. With a rich history dating back to 1937, the company has established itself as a prominent player in the insurance industry, providing innovative solutions to individuals and businesses alike.

The company operates through three primary segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment specializes in providing insurance coverage for personal autos, recreational vehicles, and other specialty products, such as motorcycles, ATVs, and watercrafts. This segment's offerings also include personal auto insurance and special lines products, catering to a wide range of customers.

The Commercial Lines segment focuses on providing auto-related liability and physical damage insurance, as well as business-related general liability and property insurance, to small businesses and commercial fleets. This segment's products are designed to meet the unique needs of various industries, including transportation, construction, and service providers.

The Property segment offers a comprehensive range of residential property insurance products, including homeowners, renters, and manufactured homes insurance. Additionally, this segment provides personal umbrella insurance, primary and excess flood insurance, and other specialty products to individuals and property owners.

Beyond its core insurance products, Progressive Corporation offers a suite of value-added services, including policy issuance and claims adjusting services, agency services, and reinsurance services. The company's commitment to innovation is evident in its use of mobile applications and phone-based sales channels, making it easy for customers to purchase and manage their insurance policies.

With a strong network of independent insurance agencies and a user-friendly online platform, Progressive Corporation has established a robust distribution network that enables customers to access its products and services conveniently. Headquartered in Mayfield Village, Ohio, the company continues to drive growth and innovation in the insurance industry.

Drawdown (Underwater) Chart

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

Overall Trend and Yearly Seasonality

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

PGR Stock Overview

Market Cap in USD 126,687m
Sector Financial Services
Industry Insurance - Property & Casualty
GiC SubIndustry Property & Casualty Insurance
TER 0.00%
IPO / Inception 1986-07-09

PGR Stock Ratings

Growth 5y 95.4
Fundamental 26.8
Dividend 2.85
Rel. Performance vs Sector 0.74
Analysts 3.70/5
Fair Price Momentum 256.94 USD
Fair Price DCF 547.79 USD

PGR Dividends

Dividend Yield 12m 0.53%
Yield on Cost 5y 1.59%
Dividends CAGR 5y -32.26%
Payout Consistency 79.2%

PGR Growth Ratios

Growth 12m 73.66%
Growth Correlation 12m 86%
Growth Correlation 3m 23%
CAGR 5y 24.33%
CAGR/Mean DD 5y 4.36
Sharpe Ratio 12m 3.03
Alpha vs SP500 12m 61.16
Beta vs SP500 5y weekly 0.46
ValueRay RSI 25.26
Volatility GJR Garch 1y 25.70%
Price / SMA 50 2.55%
Price / SMA 200 15.02%
Current Volume 1972.3k
Average Volume 20d 2671.6k

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What is the price of PGR stocks?
As of July 27, 2024, the stock is trading at USD 215.68 with a total of 1,972,283 shares traded.
Over the past week, the price has changed by -1.67%, over one month by +3.65%, over three months by +3.73% and over the past year by +72.35%.
What are the forecast for PGR stock price target?
According to ValueRays Forecast Model, PGR Progressive will be worth about 281.6 in July 2025. The stock is currently trading at 215.68. This means that the stock has a potential upside of +30.56%.
Issuer Forecast Upside
Wallstreet Target Price 237.1 9.95
Analysts Target Price 155.9 -27.7
ValueRay Target Price 281.6 30.6

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.