PGR - The Progressive Corporation

NYSE - NYSE Delayed Price. Currency in USD
75.00
-1.16 (-1.52%)
At close: 4:02PM EDT
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Previous Close76.16
Open76.17
Bid74.69 x 800
Ask75.51 x 800
Day's Range74.92 - 76.47
52 Week Range56.71 - 77.34
Volume2,949,885
Avg. Volume3,267,325
Market Cap43.8B
Beta (3Y Monthly)0.70
PE Ratio (TTM)14.91
EPS (TTM)5.03
Earnings DateMay 2, 2019
Forward Dividend & Yield0.40 (0.55%)
Ex-Dividend Date2019-04-04
1y Target Est79.27
Trade prices are not sourced from all markets
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  • Progressive (PGR) is a Top Dividend Stock Right Now: Should You Buy?
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    Progressive (PGR) is a Top Dividend Stock Right Now: Should You Buy?

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  • Progressive (PGR) Q1 Earnings Top Estimates, Revenues Up Y/Y
    Zacks3 days ago

    Progressive (PGR) Q1 Earnings Top Estimates, Revenues Up Y/Y

    Progressive (PGR) Q1 earnings reflects improved topline and solid policies in force offset increase in expenses.

  • Progressive (PGR) Q1 Earnings Surpass Estimates
    Zacks3 days ago

    Progressive (PGR) Q1 Earnings Surpass Estimates

    Progressive (PGR) delivered earnings and revenue surprises of 32.61% and -0.14%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press3 days ago

    Progressive: 1Q Earnings Snapshot

    The Mayfield Village, Ohio-based company said it had net income of $1.83 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research ...

  • GlobeNewswire3 days ago

    Progressive Reports March 2019 Results

      MAYFIELD VILLAGE, OHIO - April 16, 2019 -- The Progressive Corporation (NYSE:PGR) today reported the following results for March and the first quarter of 2019:     March    Quarter (millions, except ...

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  • Progressive Stock Isn’t Worth a Look Without a Catalyst
    InvestorPlace4 days ago

    Progressive Stock Isn’t Worth a Look Without a Catalyst

    Progressive (NYSE:PGR) reports earnings Tuesday before the bell. The Mayfield Village, Ohio-based insurer comes off an unusual earnings miss in January and a bizarre lack of activity in recent weeks. After about two and a half years of mostly steady increases, PGR stock has become unusually stagnant. This low level of volatility makes the need for any news that can move PGR critical for attracting investors.Source: meteo via FlickrFor Q1, Wall Street estimates PGR will earn $1.37 per share on a consensus basis. If this estimate holds, it means profits will rise by 6.2% year-over-year. Progressive earned $1.29 per share in the first quarter of 2018. Analysts also predict $9.19 billion in revenue for the quarter. This would come in 15.3% higher than year-ago levels when the company brought in $7.97 billion.Investors have good reason to pay close attention to this report. PGR stock tends to beat earnings in most cases. However, whether the company beat estimates in January depends on how one defines earnings.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Are Screaming Buys Right Now If counting net realized losses on securities of $572.2 million, profits came in at only 44 cents per share, well off estimates of $1.01 per share. The company earned $1.24 per share when not counting the unusually high losses on securities. Investors will likely watch earnings to see if this massive net realized loss amounts to a one-time occurrence or if it happens again. PGR Stock Defined By Its Lack of ActivityEven more importantly, traders will look for something, perhaps anything, that will inspire movement in PGR stock. Since Feb. 20, Progressive stock has barely registered a pulse. Since that day, it has traded in a tight range between $71.39 per share and $73.78 per share.Progressive also hit a near-term peak of $73.69 per share in early November. However, even when considering a likely double top, such stagnation seems unusual. PGR stock rose more than 27% from its December lows until price movements nearly came to a halt.However, other insurance stocks have stood still at this time. Allstate (NYSE:ALL) and American Financial Group (NYSE:AFG) stock have shown a similar trading pattern. Although Travelers (NYSE:TRV) has moved higher since February, it too began to stand still in April. Traders May Look to Forward GuidanceLooking for any news that will move the stock, traders may also focus on the forward guidance. In this area, Wall Street has seen some reason for mildly bullish sentiment. Earnings estimates for this quarter have risen by 8 cents over the last three months. Profit predictions for the next quarter and the year have also increased.Still, it will probably need news of some kind to see significant movement. The current fundamentals offer little that can move PGR. Earnings estimates place the forward price-to-earnings (P/E) ratio at around 13.7. That valuation appears reasonable. However, the estimated profit growth of 0.4% this year and 6.2% in 2020 gives investors little reason to buy PGR. Moreover, a dividend yield of 0.55% will likely not inspire new investors. * 7 Energy Stocks to Buy as Oil Booms Should You Buy Into Earnings?PGR stock needs this quarterly report to inspire some movement in the stock. After a dramatic recovery from the December lows, the stock persisted with little change for nearly two months.Surprise news from the earnings report could potentially break PGR out of its tight range. However, the P/E ratio, growth rate and dividend payout offer little reason to either buy or short PGR stock.Also, even if the report catalyzes the equity, current valuations give little incentive to either buy or sell. For this reason, not only will Progressive stock need to move to attract investors, but it will also have to move enough to offer a value proposition.I do not see that level of price action occurring at this time. Hence, regardless of whether one is a bull or a bear, PGR stock looks like a stock to avoid for now.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Progressive Stock Isn't Worth a Look Without a Catalyst appeared first on InvestorPlace.

  • Can Progressive (PGR) Beat Estimates This Earnings Season?
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  • Progressive (PGR) Earnings Expected to Grow: Should You Buy?
    Zacks10 days ago

    Progressive (PGR) Earnings Expected to Grow: Should You Buy?

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  • Benzinga17 days ago

    Progressive Launches New Photo Claims Process; Puts Focus On Driver Health And Wellness

    Truck drivers with minor damage to their vehicle now have a speedier way to handle that claim if they are a Progressive Insurance (NYSE: PGR) commercial customer. Progressive has rolled out a photo inspection tool through its app that allows drivers with minor damage to snap a picture of the damage to start the claims process. The company also announced a partnership with the St. Christopher Truckers Development and Relief Fund (SCF) and was promoting its TruckerTerritory.com website, which offers information about healthy living among other tips to drivers.

  • Markit17 days ago

    See what the IHS Markit Score report has to say about Progressive Corp.

    Progressive Corp NYSE:PGRView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for PGR with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PGR. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding PGR are favorable, with net inflows of $9.81 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. PGR credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Is The Progressive (PGR) Stock Outpacing Its Finance Peers This Year?
    Zacks17 days ago

    Is The Progressive (PGR) Stock Outpacing Its Finance Peers This Year?

    Is (PGR) Outperforming Other Finance Stocks This Year?