Progressive Corp-The

Progressive Corp-The Stock Forecast & Price Prediction

Live Progressive Corp-The Stock (PGR) Price
$259.89

19

Ratings

  • Buy 9
  • Hold 8
  • Sell 2
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$259.89

P/E Ratio

18.89

Volume Traded Today

$1.6M

Dividend

$0.1

52 Week High/low

263.85/149.14

Progressive Corp-The Market Cap

$152.25B

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PGR Summary

The Progressive Corp-The (PGR) share price is expected to increase by 6.18% over the next year. This is based on calculating the average 12-month share price estimate provided by 19 stock analysts who have covered PGR. Price targets range from $162 at the low end to $331 at the high end. The current analyst consensus for PGR is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

PGR Analyst Ratings

About 19 Wall Street analysts have assignedPGR 9 buy ratings, 8 hold ratings, and 2 sell ratings. This means that analysts expect Progressive Corp-The to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PGR. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

PGR stock forecast by analyst

These are the latest 20 analyst ratings of PGR.

Analyst/Firm

Rating

Price Target

Change

Date

Andrew Kligerman
TD Cowen

Hold

$237

Maintains

Nov 8, 2024
David Motemaden
Evercore ISI Group

Outperform

$285

Maintains

Nov 6, 2024
Alex Scott
Barclays

Equal-Weight

$277

Maintains

Oct 23, 2024
Bob Huang
Morgan Stanley

Overweight

$310

Maintains

Oct 18, 2024
Joshua Shanker
B of A Securities

Buy

$331

Maintains

Oct 16, 2024
Meyer Shields
Keefe, Bruyette & Woods

Outperform

$290

Maintains

Oct 16, 2024
Jimmy Bhullar
JP Morgan

Overweight

$251

Maintains

Oct 10, 2024
Joshua Shanker
B of A Securities

Buy

$319

Maintains

Oct 10, 2024
Yaron Kinar
Jefferies

Buy

$295

Maintains

Oct 9, 2024
Alex Scott
Goldman Sachs

Buy

$280

Maintains

Sep 18, 2024
Bob Huang
Morgan Stanley

Overweight

$300

Maintains

Sep 16, 2024
Harry Fong
Roth MKM

Buy

$290

Maintains

Sep 16, 2024
Elyse Greenspan
Wells Fargo

Overweight

$282

Maintains

Sep 10, 2024
Alex Scott
Barclays

Equal-Weight

$367

Initiates

Sep 4, 2024
Meyer Shields
Keefe, Bruyette & Woods

Outperform

$275

Maintains

Sep 3, 2024
Joshua Shanker
B of A Securities

Buy

$312

Maintains

Sep 3, 2024
Joshua Shanker
B of A Securities

Buy

$294

Maintains

Aug 15, 2024
Elyse Greenspan
Wells Fargo

Overweight

$281

Maintains

Aug 15, 2024
Alex Scott
Goldman Sachs

Buy

$262

Upgrade

Aug 15, 2024
Paul Newsome
Piper Sandler

Overweight

$252

Maintains

Aug 15, 2024

PGR Company Information

What They Do: Provides diverse insurance products and services.

Business Model: The company operates through three segments: Personal Lines, Commercial Lines, and Property. It generates revenue by underwriting premiums for various insurance products, including auto, residential, and commercial property insurance, and offering claims adjusting and reinsurance services. Products are distributed via independent agencies, mobile applications, and phone sales.

Other Information: Founded in 1937 and headquartered in Mayfield Village, Ohio, the company has established a significant presence in the U.S. insurance market, catering to both individual and business customers. Its diverse insurance offerings and multi-channel distribution strategy position it well for growth in the evolving insurance landscape.
PGR
Progressive Corp-The (PGR)

When did it IPO

1986

Staff Count

61,432

Country

United States

Sector/Industry

Financial Services/Insurance - Property & Casualty

CEO

Ms. Susan Patricia Griffith

Market Cap

$152.25B

Progressive Corp-The (PGR) Financial Data

In 2023, PGR generated $62.08B in revenue, which was a increase of 25.20% from the previous year. This can be seen as a signal that PGR's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$42.64B

Revenue From 2021

$47.68B

11.82 %
From Previous Year

Revenue From 2022

$49.59B

4.01 %
From Previous Year

Revenue From 2023

$62.08B

25.20 %
From Previous Year
  • Revenue TTM $71.96B
  • Operating Margin TTM 15.3%
  • Gross profit TTM $0
  • Return on assets TTM 6.9%
  • Return on equity TTM 36.4%
  • Profit Margin 11.3%
  • Book Value Per Share 46.36%
  • Market capitalisation $152.25B
  • Revenue for 2021 $47.68B
  • Revenue for 2022 $49.59B
  • Revenue for 2023 $62.08B
  • EPS this year (TTM) $13.76

Progressive Corp-The (PGR) Latest News

News Image

Fri, 08 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - TILE, PGR, and VRT were listed as Zacks Rank #1 (Strong Buy) growth stocks on November 8, 2024.

Why It Matters - TILE, PGR, and VRT being ranked as Zacks Rank #1 (Strong Buy) indicates strong growth potential, signaling possible investment opportunities for higher returns.

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - The Motley Fool

Summary - A prominent financial figure has expressed a positive outlook on a company's prospects, which may influence investor sentiment.

Why It Matters - A prominent financial figure endorsing a company can boost investor confidence, potentially increasing stock prices and attracting more investment.

News Image

Tue, 05 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Progressive Corporation (NYSE:PGR) will hold its Q3 2024 earnings conference call on November 5, 2024, at 9:30 AM ET, featuring key company executives and analysts from major financial firms.

Why It Matters - The upcoming earnings call for Progressive Corporation is a key opportunity for investors to gauge the company's financial performance and strategic direction, influencing stock valuation and investment decisions.

News Image

Thu, 07 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Zacks.com users are closely monitoring Progressive (PGR), indicating potential investor interest. Analyzing the stock's prospects may be beneficial.

Why It Matters - Increased attention from Zacks.com users may indicate heightened interest or potential volatility in Progressive's stock, influencing trading strategies and investment decisions.

News Image

Tue, 05 Nov 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Election day typically leads to short-term volatility in the stock market, as investors react to potential policy changes from the new administration, particularly in affected sectors.

Why It Matters - Election outcomes can lead to immediate market fluctuations, influencing sector performance based on anticipated policy changes, impacting investment strategies and portfolio valuations.

News Image

Sat, 02 Nov 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - Investing in quality businesses is highlighted as a strategy that can yield strong long-term returns.

Why It Matters - The excerpt highlights the potential for significant long-term gains from quality investments, signaling a positive outlook for stock performance and reinforcing confidence in value-driven strategies.

...

PGR Frequently asked questions

The highest forecasted price for PGR is $331 from Joshua Shanker at B of A Securities.

The lowest forecasted price for PGR is $162 from Elyse Greenspan from Wells Fargo

The PGR analyst ratings consensus are 9 buy ratings, 8 hold ratings, and 2 sell ratings.