PGR - The Progressive Corporation

NYSE - NYSE Delayed Price. Currency in USD
77.49
+0.45 (+0.58%)
At close: 4:02PM EDT
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Previous Close77.04
Open77.64
Bid77.33 x 800
Ask77.96 x 800
Day's Range77.14 - 78.04
52 Week Range56.71 - 84.96
Volume1,891,226
Avg. Volume2,714,814
Market Cap45.304B
Beta (3Y Monthly)0.59
PE Ratio (TTM)14.14
EPS (TTM)5.48
Earnings DateSep 11, 2019 - Sep 16, 2019
Forward Dividend & Yield0.40 (0.52%)
Ex-Dividend Date2019-10-04
1y Target Est89.60
Trade prices are not sourced from all markets
  • Can Anything Stop Progressive Stock’s Ascent?
    InvestorPlace

    Can Anything Stop Progressive Stock’s Ascent?

    Progressive (NYSE:PGR) is certainly a well-know fixture for consumers. It's the No. 3 auto insurer in the country and has a foothold in the home insurance market.Source: Shutterstock What many don't realize is PGR has been in the insurance business since 1965 and is one of the most consistent leaders in incorporating new technology into the property & casualty (P&C) sector.Up until recently, insurers were enjoying an ideal market. Slow, steady growth and low interest rates meant consumers were comfortable, and looking to upgrade cars, houses, jet skis, motorcycles, and the like.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On And the strong dollar was very helpful since Progressive, like all insurers, has to keep a chunk of the cash it gets from premiums in cash or cash alternatives like U.S. Treasury bonds so it can pay out any potential losses.The rest of cash it can invest to help boost its returns. Insuring more things that are newer means more premium growth, which means more money to invest.When you have falling rates on Treasuries, you have rising prices, which means PGR is making money on its cash equivalents. And when the stock market is strong, it means PGR is making money on its investments.In Q2, which was reported in mid-July, PGR's net investment income was up 43% compared to the same quarter last year. Its unrealized equity gains were up $505 million, compared to a $102 million loss last year.The auto insurance line grew premiums 15% year over year, and including all lines, business was up 12%. This includes losses from the Midwest floods and the fires out West.There was also a recent report from the Swiss Re Institute that insured losses in the first half of 2019 were down 30%. That is a great environment for a P&C insurer and PGR stock. It means that much more of its money can be earning instead of being paid out on claims. Company Expansion Will Help PGR StockMoving forward, which is what Progressive does relentlessly, judging by its Q2 investor presentation, the company is looking to expand its commercial vehicle and property insurance sector.This is a huge and expanding market where PGR has some exposure, but it seems it's looking to make significant inroads, given the fact that its entire Q2 presentation was about the market and the opportunities within the market.This sector covers everything from fleet vehicles to contractor programs (heavy duty machinery and equipment), to for-hire transportation (contracted tractor trailers and drivers) as well as everything in between. It even includes Uber (UBER) drivers.The point is, Progressive is already taking advantage of the evolving gig economy within its product lines.PGR stock is up 20% in the past year and 29% year to date. And because it's a U.S.-focused company, international issues aren't significant for PGR. That's why my Portfolio Grader gives PGR stock an A and continues to rate is as a strong buy. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Can Anything Stop Progressive Stocka€™s Ascent? appeared first on InvestorPlace.

  • Progressive (PGR) Down 5.1% Since Last Earnings Report: Can It Rebound?
    Zacks

    Progressive (PGR) Down 5.1% Since Last Earnings Report: Can It Rebound?

    Progressive (PGR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Benzinga

    MKM Disects Progressive's July Results

    Auto insurance company Progressive Corp (NYSE: PGR ) reported a financial update for the month of July where the company showed a modest but expected slowdown in personal auto policies, according to MKM. ...

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  • GlobeNewswire

    Progressive Reports July 2019 Results

    MAYFIELD VILLAGE, OHIO, Aug. 14, 2019 -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2019 :    July July  (millions, except per.

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    Attention, FedEx stockholders: It's time to meet, vote on board nominees

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    Zacks

    Hallmark Financial's (HALL) Shares Gain on Q2 Earnings Beat

    Hallmark Financial's (HALL) second-quarter results gain traction from solid segmental contributions and higher revenues.

  • Introducing Progressive (NYSE:PGR), The Stock That Zoomed 226% In The Last Five Years
    Simply Wall St.

    Introducing Progressive (NYSE:PGR), The Stock That Zoomed 226% In The Last Five Years

    The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a...

  • Progressive Corp (PGR) Q2 2019 Earnings Call Transcript
    Motley Fool

    Progressive Corp (PGR) Q2 2019 Earnings Call Transcript

    PGR earnings call for the period ending June 30, 2019.

  • ProAssurance (PRA) Q2 Earnings Lag Estimates, Tumble Y/Y
    Zacks

    ProAssurance (PRA) Q2 Earnings Lag Estimates, Tumble Y/Y

    ProAssurance's (PRA) second-quarter earnings suffer due to lower revenues and decreased gross premiums.

  • American Financial (AFG) Beats on Q2 Earnings, Revises View
    Zacks

    American Financial (AFG) Beats on Q2 Earnings, Revises View

    American Financial (AFG) Q2 earnings reflect higher core operating earnings in Annuity, partially offset by lower operating earnings in Specialty Property and Casualty Insurance.

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    Worst Day of the Year as China Punches Back

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    Berkshire (BRK.B) Q2 Earnings Down on Soft Insurance Results

    Berkshire's (BRK.B) Q2 earnings reflect weak insurance business results.

  • CNA Financial (CNA) Q2 Earnings Beat, Premiums Rise Y/Y
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  • Is The Progressive (PGR) Outperforming Other Finance Stocks This Year?
    Zacks

    Is The Progressive (PGR) Outperforming Other Finance Stocks This Year?

    Is (PGR) Outperforming Other Finance Stocks This Year?

  • GlobeNewswire

    Progressive Announces Dividend Information

    MAYFIELD VILLAGE, OHIO, Aug. 02, 2019 -- The Progressive Corporation (NYSE: PGR) announced today that the Board of Directors declared a common share dividend, in the amount of.

  • Hartford Financial (HIG) Q2 Earnings Top Estimates, Rise Y/Y
    Zacks

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    Hartford Financial's (HIG) Q2 results benefit from solid segmental contributions.

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  • Selective Insurance's (SIGI) Q2 Earnings Beat, Rise Y/Y
    Zacks

    Selective Insurance's (SIGI) Q2 Earnings Beat, Rise Y/Y

    Selective Insurance's (SIGI) second-quarter earnings benefit from improved net investment income and net premiums written.

  • Radian's (RDN) Earnings Beat Estimates in Q2, Increase Y/Y
    Zacks

    Radian's (RDN) Earnings Beat Estimates in Q2, Increase Y/Y

    Radian's (RDN) second-quarter earnings gain from improved revenues.

  • Allstate (ALL) Beats on Q2 Earnings and Revenues, Up Y/Y
    Zacks

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  • GlobeNewswire

    Progressive Announces Investor Relations Conference Call

    MAYFIELD VILLAGE, OHIO, July 31, 2019 -- As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations event on Thursday, August 8, 2019,.

  • Markel (MKL) Q2 Earnings Surpass Estimates, Revenues Miss
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    Markel (MKL) Q2 reflects solid investment performance and strong results at Markel Ventures.

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