How to buy The Progressive Corporation (PGR) stock

The Progressive Corporation is an insurance-property & casualty business based in the US. The Progressive Corporation shares (PGR) are listed on the NYSE and all prices are listed in US Dollars. The Progressive Corporation employs 43,326 staff and has a trailing 12-month revenue of around 0.00.

The Progressive Corporation stock price (NYSE: PGR)

Use our graph to track the performance of PGR stocks over time.

The Progressive Corporation shares at a glance

• Key figures

Information last updated 2021-07-22.

Latest market close	$100.36
52-week range	$82.04 - $107.48
50-day moving average	$96.36
200-day moving average	$95.19
Wall St. target price	$102.50
PE ratio	10.0527
Dividend yield	$4.9 (5.21%)
Earnings per share (TTM)	$9.29

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Is it a good time to buy The Progressive Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of The Progressive Corporation by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

The Progressive Corporation price performance over time

Historical closes compared with the close of $100.36 from 2021-06-04

1 week (2021-07-17)	N/A
1 month (2021-06-28)	3.11%
3 months (2021-04-28)	100.36
6 months (2021-01-24)	N/A

1 year (2020-07-24)	N/A
2 years (2019-07-24)	N/A
3 years (2018-07-24)	N/A
5 years (2016-07-24)	N/A

Is The Progressive Corporation under- or over-valued?

Valuing The Progressive Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of The Progressive Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

The Progressive Corporation's P/E ratio

The Progressive Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, The Progressive Corporation shares trade at around 10x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

The Progressive Corporation's PEG ratio

The Progressive Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 33.1968. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into The Progressive Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

The Progressive Corporation's EBITDA

The Progressive Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $7.4 billion.

The EBITDA is a measure of a The Progressive Corporation's overall financial performance and is widely used to measure a its profitability.

The Progressive Corporation financials

Revenue TTM	$45.7 billion
Operating margin TTM	15.59%
Gross profit TTM	$8.7 billion
Return on assets TTM	6.89%
Return on equity TTM	31.04%
Profit margin	12.01%
Book value	$31.91
Market capitalisation	$54.7 billion

TTM: trailing 12 months

Shorting The Progressive Corporation shares

There are currently 7.6 million The Progressive Corporation shares held short by investors – that's known as The Progressive Corporation's "short interest". This figure is 19% up from 6.4 million last month.

There are a few different ways that this level of interest in shorting The Progressive Corporation shares can be evaluated.

The Progressive Corporation's "short interest ratio" (SIR)

The Progressive Corporation's "short interest ratio" (SIR) is the quantity of The Progressive Corporation shares currently shorted divided by the average quantity of The Progressive Corporation shares traded daily (recently around 3.4 million). The Progressive Corporation's SIR currently stands at 2.27. In other words for every 100,000 The Progressive Corporation shares traded daily on the market, roughly 2270 shares are currently held short.

However The Progressive Corporation's short interest can also be evaluated against the total number of The Progressive Corporation shares, or, against the total number of tradable The Progressive Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case The Progressive Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 The Progressive Corporation shares in existence, roughly 10 shares are currently held short) or 0.0131% of the tradable shares (for every 100,000 tradable The Progressive Corporation shares, roughly 13 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against The Progressive Corporation.

Find out more about how you can short The Progressive Corporation stock.

The Progressive Corporation's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like The Progressive Corporation.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

The Progressive Corporation's total ESG risk score

Total ESG risk: 31.91

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and The Progressive Corporation's overall score of 31.91 (as at 12/31/2018) is nothing to write home about – landing it in it in the 43rd percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like The Progressive Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

The Progressive Corporation's environmental score

Environmental score: 7.06/100

The Progressive Corporation's environmental score of 7.06 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that The Progressive Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

The Progressive Corporation's social score

Social score: 13.28/100

The Progressive Corporation's social score of 13.28 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that The Progressive Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

The Progressive Corporation's governance score

Governance score: 17.57/100

The Progressive Corporation's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that The Progressive Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

The Progressive Corporation's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. The Progressive Corporation scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that The Progressive Corporation has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

The Progressive Corporation was last rated for ESG on: 2019-01-01.

Total ESG score	31.91
Total ESG percentile	43.32
Environmental score	7.06
Environmental score percentile	8
Social score	13.28
Social score percentile	8
Governance score	17.57
Governance score percentile	8
Level of controversy	2

The Progressive Corporation share dividends

Dividend payout ratio: 61.22% of net profits

Recently The Progressive Corporation has paid out, on average, around 61.22% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.43% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), The Progressive Corporation shareholders could enjoy a 0.43% return on their shares, in the form of dividend payments. In The Progressive Corporation's case, that would currently equate to about $4.9 per share.

The Progressive Corporation's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The Progressive Corporation's most recent dividend payout was on 14 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 5 July 2021 (the "ex-dividend date").

Have The Progressive Corporation's shares ever split?

The Progressive Corporation's shares were split on 26 January 2014.

The Progressive Corporation share price volatility

Over the last 12 months, The Progressive Corporation's shares have ranged in value from as little as $82.0374 up to $107.4763. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while The Progressive Corporation's is 0.4646. This would suggest that The Progressive Corporation's shares are less volatile than average (for this exchange).

The Progressive Corporation overview

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homes, condos, manufactured homes, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; and acts as an agent to place business owner's policies, general and professional liability, and workers' compensation insurance.

Frequently asked questions

What percentage of The Progressive Corporation is owned by insiders or institutions?
Currently 0.302% of The Progressive Corporation shares are held by insiders and 84.596% by institutions. How many people work for The Progressive Corporation?
Latest data suggests 43,326 work at The Progressive Corporation. When does the fiscal year end for The Progressive Corporation?
The Progressive Corporation's fiscal year ends in December. Where is The Progressive Corporation based?
The Progressive Corporation's address is: 6300 Wilson Mills Road, Mayfield, OH, United States, 44143 What is The Progressive Corporation's ISIN number?
The Progressive Corporation's international securities identification number is: US7433151039 What is The Progressive Corporation's CUSIP number?
The Progressive Corporation's Committee on Uniform Securities Identification Procedures number is: 743315103