Progressive (PGR) - 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 provides a wide range of personal and commercial insurance products and services in the United States. With a rich history dating back to 1937, the company is headquartered in Mayfield Village, Ohio, and has established itself as a trusted name in the insurance industry.

The company operates through three main segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment focuses on providing insurance for personal autos, recreational vehicles, and other specialty vehicles, such as motorcycles, ATVs, and watercrafts. This segment also offers special lines products, including insurance for snowmobiles, RVs, and related products.

The Commercial Lines segment is dedicated to providing auto-related liability and physical damage insurance, as well as business-related general liability and property insurance for small businesses. This includes insurance for autos, vans, and pick-up trucks used by small businesses, as well as non-fleet taxis, black-car services, and airport taxis. Additionally, this segment provides insurance for tractors, trailers, and straight trucks used by regional general freight and expeditor-type businesses, and long-haul operators.

The Property segment specializes in providing residential property insurance for homeowners, other property owners, and renters. This segment also offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. Furthermore, the company provides policy issuance and claims adjusting services, acts as an agent for various insurance products, and offers reinsurance services.

Progressive Corporation sells its products through a network of independent insurance agencies, as well as through mobile applications and over the phone. With a strong online presence, customers can easily access and manage their insurance policies, making it convenient and hassle-free. The company's commitment to innovation and customer satisfaction has enabled it to maintain a strong market position and reputation in the insurance industry.

Drawdown (Underwater) Chart

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

Overall Trend and Yearly Seasonality

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

PGR Stock Overview

Market Cap in USD 123,429m
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 94.6
Fundamental 50.0
Dividend 2.07
Rel. Performance vs Sector 2.41
Analysts 3.67/5
Fair Price Momentum 242.06 USD
Fair Price DCF 569.55 USD

PGR Dividends

Yield 12m 0.55%
Yield on Cost 5y 1.61%
Dividends CAGR 5y -32.26%
Payout Consistency 83.1%

PGR Growth Ratios

Growth 12m 58.66%
Growth Correlation 12m 86%
Growth Correlation 3m 6%
CAGR 5y 23.84%
CAGR/Mean DD 5y 4.01
Sharpe Ratio 12m 2.05
Alpha vs SP500 12m 43.18
Beta vs SP500 5y weekly 0.46
ValueRay RSI 30.58
Volatility GJR Garch 1y 23.74%
Price / SMA 50 -0.08%
Price / SMA 200 17.02%
Current Volume 3950.7k
Average Volume 20d 2645.8k

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What is the price of PGR stocks?
As of June 22, 2024, the stock is trading at USD 209.19 with a total of 3,950,701 shares traded.
Over the past week, the price has changed by +2.58%, over one month by -0.09%, over three months by +1.81% and over the past year by +61.30%.
What are the forecast for PGR stock price target?
According to ValueRays Forecast Model, PGR Progressive will be worth about 265.5 in June 2025. The stock is currently trading at 209.19. This means that the stock has a potential upside of +26.91%.
Issuer Forecast Upside
Wallstreet Target Price 231.4 10.6
Analysts Target Price 155.9 -25.5
ValueRay Target Price 265.5 26.9

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.