The Progressive Corporation is an insurance-property & casualty business based in the US. The Progressive shares (PGR.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $92.31 – a decrease of 2.63% over the previous week. The Progressive employs 41,571 staff and has a trailing 12-month revenue of around $42 billion.
|Latest market close||$92.31|
|52-week range||$59.0703 - $97.2982|
|50-day moving average||$95.7441|
|200-day moving average||$92.9296|
|Wall St. target price||$101.31|
|Dividend yield||$4.9 (5.31%)|
|Earnings per share (TTM)||$8.631|
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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.
|1 week (2021-01-15)||-2.63%|
|1 month (2020-12-24)||-6.10%|
|3 months (2020-10-23)||-2.44%|
|6 months (2020-07-24)||5.06%|
|1 year (2020-01-24)||20.27%|
|2 years (2019-01-25)||41.36%|
|3 years (2018-01-25)||65.55%|
|5 years (2016-01-25)||212.92%|
Valuing The Progressive stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of The Progressive's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
The Progressive's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, The Progressive shares trade at around 11x 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's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.4478. 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'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's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $6.9 billion.
The EBITDA is a measure of a The Progressive's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$42 billion|
|Operating margin TTM||15.76%|
|Gross profit TTM||$5.5 billion|
|Return on assets TTM||7.07%|
|Return on equity TTM||31.42%|
|Market capitalisation||$54 billion|
TTM: trailing 12 months
There are currently 4.6 million The Progressive shares held short by investors – that's known as The Progressive's "short interest". This figure is 24.8% down from 6.1 million last month.
There are a few different ways that this level of interest in shorting The Progressive shares can be evaluated.
The Progressive's "short interest ratio" (SIR) is the quantity of The Progressive shares currently shorted divided by the average quantity of The Progressive shares traded daily (recently around 2.7 million). The Progressive's SIR currently stands at 1.72. In other words for every 100,000 The Progressive shares traded daily on the market, roughly 1720 shares are currently held short.
However The Progressive's short interest can also be evaluated against the total number of The Progressive shares, or, against the total number of tradable The Progressive shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case The Progressive's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 The Progressive shares in existence, roughly 10 shares are currently held short) or 0.0078% of the tradable shares (for every 100,000 tradable The Progressive shares, roughly 8 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.
Find out more about how you can short The Progressive stock.
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.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 31.91
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and The Progressive's overall score of 31.91 (as at 01/01/2019) 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 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.).
Environmental score: 7.06/100
The Progressive'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 is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 13.28/100
The Progressive'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 is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 17.57/100
The Progressive's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that The Progressive is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, The Progressive scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that The Progressive has, for the most part, managed to keep its nose clean.
|Total ESG score||31.91|
|Total ESG percentile||43.32|
|Environmental score percentile||8|
|Social score percentile||8|
|Governance score percentile||8|
|Level of controversy||2|
Dividend payout ratio: 70.37% of net profits
Recently The Progressive has paid out, on average, around 70.37% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.31% 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 shareholders could enjoy a 5.31% return on their shares, in the form of dividend payments. In The Progressive's case, that would currently equate to about $4.9 per share.
The Progressive'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's most recent dividend payout was on 15 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 7 January 2021 (the "ex-dividend date").
The Progressive's shares were split on 27 January 2014.
Over the last 12 months, The Progressive's shares have ranged in value from as little as $59.0703 up to $97.2982. 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's is 0.4559. This would suggest that The Progressive's shares are less volatile than average (for this exchange).
The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, and snowmobiles. The company's 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 non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides 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; home, condominium, renters, and other insurance; and business owner's policies, general liability, professional liability, and workers' compensation insurance. In addition, it offers reinsurance services. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
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