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Progressive Corp PGR Stock Quote

| Rating as of

NYSE: PGR

Last close prices updated as of Jan 27, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 135.07
  • Sector Financial Services
  • Industry Insurance - Property & Casualty
  • Investment Style Large Blend
  • Day Range 134.07  –  135.64
  • Year Range 100.81  –  135.64
  • Market Cap 79.0024 Bil
  • Volume / Avg 2.2 Mil /  2.2 Mil
  • Price / Sales 1.60
  • Price / Book 4.97
  • Forward Div Yield 0.32%
  • Trailing Div Yield 0.30%

Morningstar‘s Stock Analysis PGR

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Progressive’s Underwriting Results Turn a Corner in Fourth Quarter

Brett Horn Senior Equity Analyst

Analyst Note

| Brett Horn |

Progressive has handled recent negative claims trends in the personal auto insurance industry much better than its peers, and the company's fourth-quarter results suggest it is moving toward normalization in its underwriting results while its peers continue to struggle. Still, the company is not without its issues in the near term, and a 4% ROE for the full year is well below the level we expect from this narrow-moat company, although it should be noted that investment losses were the main culprit behind the weakness. Overall, while we appreciate Progressive’s relative outperformance over the last year, we think the shares are meaningfully overvalued from a long-term perspective and will maintain our $99 per share fair value estimate.

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Key Statistics PGR

Company Profile PGR

Business Description

Progressive underwrites private and commercial auto insurance and specialty lines; it has over 20 million personal auto policies in force and is the fourth-largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Contact
6300 Wilson Mills Road
Mayfield Village, OH, 44143
Industry Insurance - Property & Casualty
Employees 49,000

Related Articles PGR

FAQs for Progressive Corp Stock

Yes. PGR has a forward dividend yield of 0.32%. See PGR’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

PGR’s market cap is 79.00 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

PGR’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

PGR’s price/sales is 1.60.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

PGR’s price/forward earnings is 19.92.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

PGR’s price/book is 4.97.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See PGR’s valuation ratios compared to the Market Index.

PGR’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare PGR’s historical performance against its industry peers and the overall market.