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.
IPO Year:
Exchange: NYSE
Website: progressive.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | $367.00 | Equal Weight | Barclays |
| 8/15/2024 | $230.00 → $262.00 | Neutral → Buy | Goldman |
| 8/12/2024 | $253.00 | Hold → Buy | HSBC Securities |
| 7/17/2024 | $210.00 → $245.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 3/6/2024 | $185.00 → $227.00 | Equal-Weight → Overweight | Morgan Stanley |
| 1/10/2024 | $174.00 | Market Perform | TD Cowen |
| 12/28/2023 | $164.00 | Hold | HSBC Securities |
| 12/18/2023 | $144.00 → $176.00 | Equal Weight → Overweight | Wells Fargo |
| 12/12/2023 | Outperform → Mkt Perform | Raymond James | |
| 11/16/2023 | Perform | Oppenheimer |
The latest innovation, available in the Progressive app, provides real-time assistance to customers involved in a major accident MAYFIELD VILLAGE, Ohio, Nov. 19, 2024 /PRNewswire/ -- Progressive Insurance® today announced the launch of its newest safety feature, Accident Response, to afford customers peace of mind and connect them with emergency or tow services should the unexpected happen on the road. Countrywide access to the feature comes as the winter season approaches, creating additional hazards on the road for much of the country. According to the Federal Highway Admini
MAYFIELD VILLAGE, OHIO, Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended October 31, 2024: October(millions, except per share amounts and ratios; unaudited) 2024 2023 ChangeNet premiums written$6,577.8 $5,528.8 19%Net premiums earned$6,387.0 $5,383.2 19%Net income$408.2 $406.0 1%Per share available to common shareholders$0.69 $0.68 1%Total pretax net realized gains (losses) on securities$(88.0) $(87.1) 1%Combined ratio 94.1 91.7 2.4pts.Average diluted equivalent common shares 587.7 587.6 0% October 31,(thousands; unaudited)2024 2023 % ChangePolicies in Force Personal Lines Agency –
Leading Insurance Provider Collaborates with Fantasy Football Analyst Matthew Berry, Giving Players in the Bottom Half of Their Leagues a Second Chance to Win MAYFIELD VILLAGE, Ohio, Nov. 7, 2024 /PRNewswire/ -- No one knows better than an insurance provider that even the best-laid game plans can go sideways, both in real life and in fantasy football. In fact, a new survey from Progressive Insurance® revealed that nearly half of fantasy football players (44%) typically give up on their teams before the season is over, with this week – Week 10 – being the most reported week that players throw in the towel.* In response, Progressive announced today that it will give fantasy football players
MAYFIELD VILLAGE, OHIO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Tuesday, November 5, 2024, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On November 4, 2024, Progressive expects to file its Quarterly Report on Form 10-Q with the
MAYFIELD VILLAGE, Ohio, Oct. 23, 2024 /PRNewswire/ -- To support those recovering from Hurricane Helene and Hurricane Milton, and as part of ongoing efforts to aid those impacted by natural disasters, Progressive Insurance has committed over $3 million to various organizations to help their customers, employees, agents, and communities. "Always guided by our core values, doing the right thing is imperative to us," said Progressive President and CEO Tricia Griffith. "While our claims and customer service teams are assisting our customers, we are also committed to aiding relief
MAYFIELD VILLAGE, OHIO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended September 30, 2024 and the third quarter of 2024: SeptemberQuarter(millions, except per share amounts and ratios; unaudited) 2024 2024 2023 ChangeNet premiums written$ 6,570.0$19,455.6 $15,593.8 25 %Net premiums earned$ 6,262.7$18,296.7 $14,894.3 23 %Net income$ 584.6$ 2,333.4 $ 1,121.3 108 % Per share available to common shareholders$ 0.99$ 3.97 $ 1.89 110 %Total pretax net realized gains (losses) on securities$ 121.2$ 287.4 $ (149.0) (293)%Combined ratio 93.4 89.0 92.4
MAYFIELD VILLAGE, OHIO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended August 31, 2024: August(millions, except per share amounts and ratios; unaudited) 2024Net premiums written$6,507.1Net premiums earned$5,967.9Net income$935.3Per share available to common shareholders$1.59Total pretax net realized gains (losses) on securities$104.0Combined ratio – current year 85.5 – prior year month 97.2Average diluted equivalent common shares 587.6 In October 2023, we converted our monthly accounting closing calendar to align with the Gregorian calendar. We do not expect that this change will ha
20 recipients will receive funds which can be used toward the purchase of a commercial vehicle for their business and access to programs that help drive business growth MAYFIELD VILLAGE, Ohio, Sept. 9, 2024 /PRNewswire/ -- Progressive Insurance®, the leading commercial auto insurer in the United States, today announced the 2024 recipients of the brand's Driving Small Business Forward grant program in collaboration with Hello Alice in support of small business owners. Each of the 20 recipients will be awarded a $50,000 grant to use toward the purchase of a commercial vehicle for their business. Some of the 20 recipients' reactions were captured during the announcement, demonstrating the life-
MAYFIELD VILLAGE, OHIO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended July 31, 2024: July(millions, except per share amounts and ratios; unaudited)2024Net premiums written$6,378.5Net premiums earned$6,066.1Net income$813.5Per share available to common shareholders$1.38Total pretax net realized gains (losses) on securities$62.2Combined ratio – current year 88.0 – prior year month 90.6Average diluted equivalent common shares 587.7 In October 2023, we converted our monthly accounting closing calendar to align with the Gregorian calendar. We do not expect that this cha
MAYFIELD VILLAGE, OHIO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- On August 2, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable October 11, 2024, to shareholders of record at the close of business on October 3, 2024. About ProgressiveProgressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent. Progressive provides insurance for personal and commercia
Barclays initiated coverage of Progressive with a rating of Equal Weight and set a new price target of $367.00
Goldman upgraded Progressive from Neutral to Buy and set a new price target of $262.00 from $230.00 previously
HSBC Securities upgraded Progressive from Hold to Buy and set a new price target of $253.00
Keefe Bruyette upgraded Progressive from Mkt Perform to Outperform and set a new price target of $245.00 from $210.00 previously
Morgan Stanley upgraded Progressive from Equal-Weight to Overweight and set a new price target of $227.00 from $185.00 previously
TD Cowen initiated coverage of Progressive with a rating of Market Perform and set a new price target of $174.00
HSBC Securities initiated coverage of Progressive with a rating of Hold and set a new price target of $164.00
Wells Fargo upgraded Progressive from Equal Weight to Overweight and set a new price target of $176.00 from $144.00 previously
Raymond James downgraded Progressive from Outperform to Mkt Perform
Oppenheimer initiated coverage of Progressive with a rating of Perform
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B of A Securities analyst Joshua Shanker maintains Progressive (NYSE:PGR) with a Buy and raises the price target from $293 to $296.
BMO Capital analyst Michael Zaremski maintains Progressive (NYSE:PGR) with a Outperform and raises the price target from $235 to $239.
Citigroup analyst Michael Ward maintains Progressive (NYSE:PGR) with a Neutral and lowers the price target from $232 to $225.
Jefferies analyst Yaron Kinar maintains Progressive (NYSE:PGR) with a Buy and raises the price target from $256 to $257.
Roth MKM analyst Harry Fong maintains Progressive (NYSE:PGR) with a Buy and maintains $235 price target.
Keefe, Bruyette & Woods analyst Meyer Shields upgrades Progressive (NYSE:PGR) from Market Perform to Outperform and raises the price target from $210 to $245.
Ratings for Progressive (NYSE:PGR) were provided by 11 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 6 1 0 0 Last 30D 1 0 0 0 0 1M Ago 2 3 1 0 0 2M Ago 0 2 0 0 0 3M Ago 1 1 0 0 0 Analysts have recently evaluated Progressive and provided 12-month price targets. The average target is $253.0, accompanied by a high estimate of $293.00 and a low estimate of $232.00. Marking an increase of 2.2%, the
B of A Securities analyst Joshua Shanker maintains Progressive (NYSE:PGR) with a Buy and raises the price target from $276 to $293.
Wall Street continues to experience a series of memorable days, with the bulls riding the rally with increasing confidence, certain that the Federal Reserve will begin cutting interest rates in September. Fed futures currently indicate a 100% probability that policymakers will cut interest rates in two months, according to the CME Group‘s FedWatch tool. This time, blue-chip stocks and gold are stealing the spotlight by breaking their all-time highs, while small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), have posted their fifth consecutive day in the green, marking their best five-day rally in over four years. The Dow Jones Industrial Average surged to 40,800 points
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Seasoned Leader Will Strengthen Advent's Fintech Practice Advent International ("Advent"), one of the largest and most experienced global private equity investors, today announced the appointment of Kahina Van Dyke as an Operating Partner. Van Dyke will play a key role in further building out Advent's fintech franchise, working collaboratively with the firm's Technology and Business & Financial Services teams to identify new opportunities and support the management teams of its relevant portfolio companies. "We're thrilled to welcome Kahina as an advisor to Advent given her experience across banking, payments and technology," said Eric Noeth, Managing Director at Advent. "Kahina has bee
MAYFIELD VILLAGE, OHIO, March 06, 2023 (GLOBE NEWSWIRE) -- On March 3, 2023, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable April 14, 2023, to shareholders of record at the close of business on April 6, 2023 (ex-dividend date of April 5, 2023). In addition, on March 3, 2023, The Progressive Corporation appointed itself as calculation agent for its Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares. The floating rate period for the Series B shares begins on March 15, 2023. About ProgressiveProgressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other p
MAYFIELD VILLAGE, Ohio, March 10, 2021 /PRNewswire/ -- (NYSE: PGR) – Progressive Insurance today announced Jeff Charney's intention to retire as Chief Marketing Officer of Progressive, a position he has held since 2010.The early announcement of Charney's retirement was made to allow for ample time to conduct an external search for his successor. Charney's expected retirement date is January 2022, but the timing will be dependent on finding his replacement and ensuring a seamless transition. (PRNewsfoto/Progressive Insurance) (PRNewsfoto/Progressive Insurance) "Jeff and I have been talking about this for a few years. He wanted to leave at the top of his g
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MAYFIELD VILLAGE, OHIO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Tuesday, November 5, 2024, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On November 4, 2024, Progressive expects to file its Quarterly Report on Form 10-Q with the
MAYFIELD VILLAGE, OHIO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- On August 2, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable October 11, 2024, to shareholders of record at the close of business on October 3, 2024. About ProgressiveProgressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent. Progressive provides insurance for personal and commercia
MAYFIELD VILLAGE, OHIO, July 30, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations event on Tuesday, August 6, 2024, beginning at 9:30 a.m. eastern time. This event, which will consist of both a conference call and webcast, is scheduled to last 90 minutes and will begin with an approximate 45-minute presentation on acquiring policies in our Direct channel, followed by a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On August 5, 2024, Progr
MAYFIELD VILLAGE, OHIO, April 30, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Tuesday, May 7, 2024, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On May 6, 2024, Progressive expects to file its Quarterly Report on Form 10-Q with the Securiti
MAYFIELD VILLAGE, OHIO, March 04, 2024 (GLOBE NEWSWIRE) -- On March 1, 2024, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable April 12, 2024, to shareholders of record at the close of business on April 4, 2024 (ex-dividend date of April 3, 2024). About ProgressiveProgressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent. Progressive provides insu
MAYFIELD VILLAGE, OHIO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations event on Tuesday, February 27, 2024, beginning at 9:30 a.m. eastern time. This event, which will consist of both a conference call and webcast, is scheduled to last 90 minutes and will begin with an approximate 45-minute presentation on our Destination Era strategy, followed by a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On February 26, 2024, Progressive exp
MAYFIELD VILLAGE, OHIO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- On December 1, 2023, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared an annual common share dividend, in the amount of $0.75 per share, and a quarterly common share dividend, in the amount of $0.10 per share. Both the annual and quarterly dividends are payable January 26, 2024, to shareholders of record at the close of business on January 19, 2024 (ex-dividend date of January 18, 2024). The annual dividend amount for 2023 was determined by the Board based on our capital position, existing capital resources, and expected current and future capital needs. The Board is expected to continue to declare quarterl
MAYFIELD VILLAGE, OHIO, Oct. 25, 2023 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Wednesday, November 1, 2023, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On October 31, 2023, Progressive expects to file its Quarterly Report on Form 10-Q with t
MAYFIELD VILLAGE, OHIO, April 26, 2023 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Wednesday, May 3, 2023, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and an audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online. On May 2, 2023, Progressive expects to file its Quarterly Report on Form 10-Q with the S
MAYFIELD VILLAGE, OHIO, Feb. 21, 2023 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations event on Tuesday, February 28, 2023, beginning at 9:30 a.m. eastern time. This event, which will consist of both a conference call and a webcast, is scheduled to last 90 minutes and will begin with an approximate 45-minute presentation on usage-based insurance, followed by a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via the phone, however, webcast participants will not be able to submit questions online. On February 27, 2023, Progressive ex