Progressive Stock Today

PGR
 Stock
  

USD 118.48  2.21  1.90%   

Market Performance
3 of 100
Odds Of Distress
Less than 6
Progressive Corp is selling at 118.48 as of the 2nd of July 2022; that is 1.90% increase since the beginning of the trading day. The stock's lowest day price was 115.7. Progressive Corp has only a 6 % chance of going through financial distress over the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Progressive Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of May 2022 and ending today, the 2nd of July 2022. Click here to learn more.
CUSIP
743315103
Fiscal Year End
December
Business Domain
Insurance
IPO Date
9th of July 1986
Category
Financial Services
Classification
Financials
ISIN
US7433151039
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. The company has 584.4 M outstanding shares of which 6.37 M shares are at this time shorted by investors with about 2.39 days to cover. More on Progressive Corp
Follow Valuation Options Odds of Bankruptcy
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Progressive Corp Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Progressive Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Progressive Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
The company has 6.39 B in debt with debt to equity (D/E) ratio of 0.37, which is OK given its current industry classification. Progressive Corp has a current ratio of 0.31, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Progressive Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Progressive Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive Corp's use of debt, we should always consider it together with cash and equity.
Progressive Corp has a poor financial position based on the latest SEC disclosures
Over 86.0% of Progressive Corp shares are owned by institutional investors
Latest headline from www.fool.com: Progressives Investments Have Lost 1 Billion Should Investors Be Concerned - The Motley Fool
ESG SustainabilitySome studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Progressive Corp's sustainability indicators can be used to identify a proper investment strutegies using environmental, social, and governance scores that are crucial to Progressive Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOJohn Auer
Thematic Ideas
(view all).
Average Analyst Recommendation
Analysts covering Progressive Corp report their recommendations after researching Progressive Corp's financial statements, talking to executives and customers, or listening in on Progressive Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Progressive Corp. The Progressive consensus assessment is calculated by taking the average forecast from all of the analysts covering Progressive Corp.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Progressive Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Progressive Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 4 - PoorDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares653.4 M584.5 M
Moderately Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted657.1 M587.1 M
Moderately Up
Decreasing
Slightly volatile
Net Cash Flow from Operations8.4 B7.8 B
Significantly Up
Increasing
Slightly volatile
Total Assets76.7 B71.1 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities57.1 B52.9 B
Significantly Up
Increasing
Slightly volatile
Total Debt4.2 B5.1 B
Significantly Down
Increasing
Slightly volatile
Return on Average Assets4.884.9558
Fairly Down
Increasing
Slightly volatile
Gross Margin0.280.29
Sufficiently Down
Decreasing
Slightly volatile
Asset Turnover0.80.7055
Moderately Up
Increasing
Very volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Progressive Corp's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Financial Strength
Progressive Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Progressive Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Progressive Corp's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Progressive Corp's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
N/A ( Average Bond Rating ) Not Rated
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Progressive Corp's financial leverage. It provides some insight into what part of Progressive Corp's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Progressive Corp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Progressive Corp deploys its capital and how much of that capital is borrowed.
Liquidity
Progressive Corp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 6.39 B in debt with debt to equity (D/E) ratio of 0.37, which is OK given its current industry classification. Progressive Corp has a current ratio of 0.31, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Progressive Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Progressive Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive Corp's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

8.37 BillionShare
Progressive Corp (PGR) is traded on New York Stock Exchange in USA and employs 49,077 people. The company currently falls under 'Large-Cap' category with total capitalization of 67.95 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Progressive Corp's market, we take the total number of its shares issued and multiply it by Progressive Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Progressive Corp runs under Financial Services sector within Insurance—Property & Casualty industry. The entity has 584.4 M outstanding shares of which 6.37 M shares are at this time shorted by investors with about 2.39 days to cover. Progressive Corp has about 529.9 M in cash with 7.65 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.91.
Check Progressive Corp Probability Of Bankruptcy
Ownership
Progressive Corp has a total of 584.4 Million outstanding shares. The majority of Progressive Corp outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Progressive Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Progressive Corp. Please pay attention to any change in the institutional holdings of Progressive Corp as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Progressive Ownership Details

Progressive Stock Price Odds Analysis

What are Progressive Corp's target price odds to finish over the current price? In regard to a normal probability distribution, the odds of Progressive Corp jumping above the current price in 90 days from now is about 9.77%. The Progressive Corp probability density function shows the probability of Progressive Corp stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Progressive Corp has a beta of 0.8577 indicating Progressive Corp market returns are sensible to returns on the market. As the market goes up or down, Progressive Corp is expected to follow. Additionally, the company has an alpha of 0.2026, implying that it can generate a 0.2 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 118.48HorizonTargetOdds Above 118.48
90.08%90 days
 118.48 
9.77%
Based on a normal probability distribution, the odds of Progressive Corp to move above the current price in 90 days from now is about 9.77 (This Progressive Corp probability density function shows the probability of Progressive Stock to fall within a particular range of prices over 90 days) .

Progressive Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Progressive Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Progressive Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Progressive Corp's value.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares48.5 M5.5 B
Blackrock IncCommon Shares44.5 M5.1 B
View Progressive Corp Diagnostics

Progressive Corp Historical Income Statement

Progressive Corp Income Statement is one of the three primary financial statements used for reporting Progressive's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Progressive Corp revenue and expense. Progressive Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Progressive Corp Income Tax Expense is relatively stable at the moment as compared to the past year. Progressive Corp reported last year Income Tax Expense of 623.99 Million View More Fundamentals

Progressive Stock Against Markets

Picking the right benchmark for Progressive Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Progressive Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Progressive Corp is critical whether you are bullish or bearish towards Progressive Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Progressive Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Progressive Corp Corporate Directors

Progressive Corp corporate directors refer to members of a Progressive Corp board of directors. The board of directors generally takes responsibility for the Progressive Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Progressive Corp's board members must vote for the resolution. The Progressive Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Stuart Burgdoerfer - Independent DirectorProfile
Patrick Nettles - Independent DirectorProfile
Philip Bleser - Independent DirectorProfile
Bradley Sheares - Independent DirectorProfile

Investing Progressive Corp

You need to understand the risk of investing before taking a position in Progressive Corp. The danger of trading Progressive Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Progressive Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Progressive Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Progressive Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Progressive Corp price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.79
Market Capitalization
69.3 B
Quarterly Revenue Growth YOY
0.035
Return On Assets
0.0265
Return On Equity
0.13
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Progressive Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.