Progressive Corp

Company Profile

Progressive Corp had its IPO on 1986-07-09 under the ticker symbol PGR.

The company operates in the Financial Services sector and Insurance-Property & Casualty industry. Progressive Corp has a staff strength of 55,100 employees.

Stock update

Shares of Progressive Corp opened at $137.62 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $137.62 - $140.21, and closed at $138.65.

This is a +1.01% increase from the previous day's closing price.

A total volume of 2,388,149 shares were traded at the close of the day’s session.

In the last one week, shares of Progressive Corp have increased by +2.34%.

Progressive Corp's Key Ratios

Progressive Corp has a market cap of $79.43 billion, indicating a price to book ratio of 5.1847 and a price to sales ratio of 1.5364.

In the last 12-months Progressive Corp’s revenue was $55.88 billion with a gross profit of $1.69 billion and an EBITDA of $2.73 billion. The EBITDA ratio measures Progressive Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Progressive Corp’s operating margin was 4.32% while its return on assets stood at 1.93% with a return of equity of 10.78%.

In Q2, Progressive Corp’s quarterly earnings growth was a positive 44.2% while revenue growth was a positive 33.3%.

Progressive Corp’s PE and PEG Ratio

Forward PE

20.0401

Trailing PE

46.6529

PEG

0.9148

Its diluted EPS in the last 12-months stands at $2.91 per share while it has a forward price to earnings multiple of 20.0401 and a PEG multiple of 0.9148. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Progressive Corp’s profitability.

Progressive Corp stock is trading at a EV to sales ratio of 1.6577 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 1.5364.

Progressive Corp stock pays annual dividends of $0.4 per share, indicating a yield of 0.29% and a payout ratio of 11.66%.

Balance sheet and cash flow metrics

Total Assets

$82.95 billion

Total Liabilities

$6.52 billion

Operating Cash Flow

$-2867000000.00

Capital Expenditure

$90.40 million

Dividend Payout Ratio

11.66%

Progressive Corp ended 2024 with $82.95 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $82.95 billion while shareholder equity stood at $16.71 billion.

Progressive Corp ended 2024 with $0 in deferred long-term liabilities, $6.52 billion in other current liabilities, 585300000.00 in common stock, $16.35 billion in retained earnings and $227.90 million in goodwill. Its cash balance stood at $163.90 million and cash and short-term investments were $55.57 billion. The company’s total short-term debt was $0 while long-term debt stood at $6.89 billion.

Progressive Corp’s total current assets stands at $73.36 billion while long-term investments were $59.27 billion and short-term investments were $55.57 billion. Its net receivables were $17.79 billion compared to accounts payable of $6.52 billion and inventory worth $0.

In 2024, Progressive Corp's operating cash flow was $-2867000000.00 while its capital expenditure stood at $90.40 million.

Comparatively, Progressive Corp paid $0.12 in dividends in 2024.

Other key metrics

Current Trading Price

$138.65

52-Week High

$149.7559

52-Week Low

$109.7963

Analyst Target Price

$137.31

Progressive Corp stock is currently trading at $138.65 per share. It touched a 52-week high of $149.7559 and a 52-week low of $149.7559. Analysts tracking the stock have a 12-month average target price of $137.31.

Its 50-day moving average was $129.08 and 200-day moving average was $133.31 The short ratio stood at 1.55 indicating a short percent outstanding of 0%.

Around 31.1% of the company’s stock are held by insiders while 8740.9% are held by institutions.