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The Progressive Corporation is an insurance-property & casualty business with stocks listed in the US. Progressive shares (PGR) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was US$92.61 – a decrease of 0.55% over the previous week. Here's how to invest if you're based in Australia.
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| 52-week range | US$82.0374 - US$107.4763 |
|---|---|
| 50-day moving average | US$95.7063 |
| 200-day moving average | US$96.6223 |
| Target price | US$97.25 |
| PE ratio | 9.9677 |
| Dividend yield | US$4.9 (5.27%) |
| Earnings per share (TTM) | US$9.291 |
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.
Historical closes compared with the last close of $92.61
| 1 week (2021-09-10) | -0.55% |
|---|---|
| 1 month (2021-08-18) | -3.10% |
| 3 months (2021-06-18) | 0.32% |
| 6 months (2021-03-18) | 2.50% |
| 1 year (2020-09-18) | -4.39% |
|---|---|
| 2 years (2019-09-18) | 23.18% |
| 3 years (2018-09-18) | 32.91% |
| 5 years (2016-09-16) | 197.49% |
Valuing Progressive stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Progressive's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
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 10x. In other words, Progressive 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.
Progressive's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 31.8464. 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 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.
Progressive's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$7.5 billion (£5.4 billion).
The EBITDA is a measure of a Progressive's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | US$45.7 billion |
|---|---|
| Operating margin TTM | 15.59% |
| Gross profit TTM | US$8.7 billion |
| Return on assets TTM | 6.89% |
| Return on equity TTM | 31.04% |
| Profit margin | 12.01% |
| Book value | 31.071 |
| Market capitalisation | US$54.2 billion |
TTM: trailing 12 months
There are currently 11.0 million Progressive shares held short by investors – that's known as Progressive's "short interest". This figure is 2.8% up from 10.7 million last month.
There are a few different ways that this level of interest in shorting Progressive shares can be evaluated.
Progressive's "short interest ratio" (SIR) is the quantity of Progressive shares currently shorted divided by the average quantity of Progressive shares traded daily (recently around 2.3 million). Progressive's SIR currently stands at 4.7. In other words for every 100,000 Progressive shares traded daily on the market, roughly 4700 shares are currently held short.
However Progressive's short interest can also be evaluated against the total number of Progressive shares, or, against the total number of tradable Progressive shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Progressive's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Progressive shares in existence, roughly 20 shares are currently held short) or 0.0189% of the tradable shares (for every 100,000 tradable Progressive shares, roughly 19 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 Progressive.
Find out more about how you can short 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 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 Progressive'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 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
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 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
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 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
Progressive's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that 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. Progressive scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Progressive has, for the most part, managed to keep its nose clean.
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 |
Dividend payout ratio: 79.65% of net profits
Recently Progressive has paid out, on average, around 79.65% 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), Progressive shareholders could enjoy a 0.43% return on their shares, in the form of dividend payments. In Progressive's case, that would currently equate to about $4.9 per share.
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.
Progressive's most recent dividend payout was on 14 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 5 October 2021 (the "ex-dividend date").
Progressive's shares were split on 26 January 2014.
Over the last 12 months, Progressive's shares have ranged in value from as little as US$82.0374 up to US$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 Progressive's is 0.4678. This would suggest that Progressive's shares are less volatile than average (for this exchange).
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. In addition, it provides reinsurance services. The company sells its products 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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