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with

Progressive Corp
(NYSE: PGR)
US Markets Closed
AdChoices
25.51
+0.64
+2.57%
After Hours :
25.51
0.00
0.00%

Open

25.00

Previous Close

24.87

Volume (Avg)

2.79M (3.48M)

Day's Range

24.95-25.52

52Wk Range

22.53-28.54

Market Cap.

15.09B

Dividend Rate (Yield )

0.49 (1.93%)

Beta

0.78

Shares Outstanding

591.47M

P/E Ratio (EPS)

13.35 (1.91)

AdChoices
Fundamentals
  • Key statistics
  • Growth
  • Profitability
  • Financial health
  • Price ratios
  • Trading statistics
  • Management effectiveness
Industry Insurance – Property & Casualty
Highlights
Analyst Recommendation: Hold
    • Revenue

    • 18.17B

    • Net Income

    • 1.17B

    • Market Cap.

    • 15.09B

    • Enterprise Value

    • 14.05B

    • Net Profit Margin %

    • 6.17

    • PEG (Price/Earnings Growth) Ratio

    • 1.76

    • Beta

    • 0.78

    • Forward P/E

    • 14.95

    • Price/Sales

    • 0.82

    • Price/Book Value

    • 2.22

    • Price/Cash flow

    • 8.27

      • EBITDA

      • 1.94B

      • Return on Capital %

      • 4.65

      • Return on Equity %

      • 17.23

      • Return on Assets %

      • 4.65

      • Book Value/Share

      • 11.48

      • Shares Outstanding

      • 591.47M

      • Last Split Factor (Date)

      • 4:1 (5/19/2006)

      • Last Dividend (Ex-Date)

      • 0.49 (1/27/2014)

      • Dividend Declaration Date

      • 12/9/2013

      Analyst Recommendation
      10/20/2014
      Hold
        • 1 Year Price Target

        • 25.25

        • Credit Rating

        • A-

        • Analysts

        • 7

        • EPS Estimate

        • 1.85

        • Cashflow Estimate

        • 2.39

        Morningstar Consensus estimate data
        • Growth Rate (%)

        • Company

        • Industry

          • Sales (Revenue)

            Q/Q (last year)

          • 3.20

          • 2.01

          • Net Income

            YTD/YTD (last year)

          • 29.20

          • 30.52

          • Net Income

            Q/Q (last year)

          • -9.60

          • -8.93

          • Sales (Revenue)

            5-Year Annual Average

          • 7.19

          • 3.34

          • Net Income

            5-Year Annual Average

          • -

          • 3.74

          • Dividends

            5-Year Annual Average

          • 14.43

          • 32.02

          • Profit Margins (%)

          • Company

          • Industry

            • Gross Margin

            • -

            • 24.50

            • Pre-Tax Margin

            • 9.09

            • 14.81

            • Net Profit Margin

            • 6.17

            • 10.83

            • Average Gross Margin

              5-Year Annual Average

            • -

            • -

            • Average Pre-Tax Margin

              5-Year Annual Average

            • 9.60

            • 13.00

            • Average Net Profit Margin

              5-Year Annual Average

            • 6.50

            • 135.92B

            • Financial Ratios

            • Company

            • Industry

              • Debt/Equity Ratio

              • 0.33

              • 0.24

              • Current Ratio

              • -

              • 0.62

              • Quick Ratio

              • -

              • 0.61

              • Interest Coverage

              • -

              • -

              • Leverage Ratio

              • 3.75

              • 3.94

              • Book Value/Share

              • 11.48

              • 46.04

              • Price Ratios

              • Company

              • Industry

                • Current P/E Ratio

                • 13.00

                • 11.56

                • P/E Ratio 5-Year High

                • 14.93

                • 186.45

                • P/E Ratio 5-Year Low

                • 8.32

                • 112.73

                • Price/Sales Ratio

                • 0.80

                • 1.18

                • Price/Book Value

                • 2.17

                • 1.14

                • Price/Cash Flow Ratio

                • 8.27

                • 8.26

                • Key Metrics

                • Company

                  • Shares Short

                    as of 9/30/2014

                  • 11.15M

                  • Short Ratio

                    as of 9/30/2014

                  • 4.23

                  • Short % of Float

                    as of 9/30/2014

                  • 1.89

                  • Shares Short

                    prior month

                  • 11.23M

                  • Trailing Annual Dividend Yield

                  • -

                  • 5 Year Average Dividend Yield

                  • -

                  • Key Metrics

                  • Company

                    • Payout Ratio

                    • 25.78

                    • Dividend Date

                    • 12/9/2013

                    • Ex-Dividend Date

                    • 1/27/2014

                    • Last Split Factor

                      new per old

                    • 4:1

                    • Last Split Date

                    • 5/19/2006

                    • Key Metrics

                    • Company

                    • Industry

                      • Return on Equity %

                        (5-Year Average)

                      • 17.23

                        (18.20)

                      • 11.00

                        (10.09)

                      • Return on Assets %

                        (5-Year Average)

                      • 4.65

                        (4.90)

                      • 2.73

                        (2.31)

                      • Return on Capital %

                        (5-Year Average)

                      • 13.92

                        (12.10)

                      • 8.67

                        (7.84)

                      • Income/Employee

                      • 43.87k

                      • 96.62k

                      • Inventory Turnover

                      • -

                      • -

                      • Asset Turnover

                      • 0.75

                      • 0.25

                      Current Historical
                      Financials
                      • Income Statement
                      • Balance Sheet
                      • Cash Flow
                      Operating Income
                      1.72B
                      Operating Margin
                      9.47
                      Total Equity
                      -
                      Retained Earnings
                      -
                      Free Cashflow
                      -
                      Price/Cashflow
                      8.27
                      Ownership

                      Institutional Ownership

                      80.87%

                      Top 10 Institutions

                      39.75%

                      Mutual Fund Ownership

                      43.01%

                      Float

                      99.25%

                      5% / Insider Ownership

                      7.73%

                      Corporate insiders or major stockholders reporting trading activity in the stock.

                      Top Mutual Fund Owners

                      Top Institutional Owners

                      Mutual Fund Name

                      Institution Name

                      • Mutual Fund Name

                      • Shares Held

                      • % Change

                      • % Outstanding

                      • VA CollegeAmerica AMCAP

                      •  

                        14,838,255

                      • -25.20

                      • 2.51

                      • VA CollegeAmerica Growth Fund of America

                      •  

                        10,850,000

                      • 0.00

                      • 1.83

                      • FMI Large Cap Fund

                      •  

                        10,830,000

                      • 0.00

                      • 1.83

                      • Vanguard Total Stock Mkt Idx

                      •  

                        8,672,803

                      • 0.53

                      • 1.47

                      • T. Rowe Price Mid Cap Growth Fund

                      •  

                        7,500,000

                      • 0.00

                      • 1.27

                      • Artisan Mid Cap Value Fund

                      •  

                        7,450,088

                      • -4.64

                      • 1.26

                      • BBH Core Select Fund

                      •  

                        6,548,913

                      • 0.00

                      • 1.12

                      • Morgan Stanley Inst Mid Cap Growth Port

                      •  

                        5,935,957

                      • -11.28

                      • 1.00

                      • Vanguard Five Hundred Index Fund

                      •  

                        5,587,864

                      • -0.94

                      • 0.94

                      • Vanguard Institutional Index Fund

                      •  

                        5,452,325

                      • -2.24

                      • 0.92

                      • Institution Name

                      • Shares Held

                      • % Change

                      • % Outstanding

                      • Capital Research Global Investors

                      •  

                        37,266,155

                      • +7.27%

                      • 6.30

                      • Brown Brothers Harriman & Co

                      •  

                        27,931,867

                      • +0.88%

                      • 4.72

                      • Vanguard Group, Inc.

                      •  

                        26,322,389

                      • +1.36%

                      • 4.45

                      • Progressive Corporation & Its Participating Subsidiaries Retirement Securit

                      •  

                        26,269,345

                      • 0.00%

                      • 3.91

                      • State Street Corp

                      •  

                        23,454,973

                      • -0.75%

                      • 3.97

                      • Morgan Stanley Investment Management Inc

                      •  

                        23,368,710

                      • -7.48%

                      • 3.95

                      • T. Rowe Price Associates, Inc.

                      •  

                        21,957,316

                      • -0.45%

                      • 3.71

                      • Artisan Partners Limited Partnership

                      •  

                        20,843,137

                      • -0.21%

                      • 3.52

                      • BlackRock Fund Advisors

                      •  

                        16,988,592

                      • +0.08%

                      • 2.87

                      • Neuberger Berman LLC

                      •  

                        13,882,517

                      • +15.25%

                      • 2.35

                      Company Profile

                      Sector

                      Financial Services

                      Industry

                      Insurance – Property & Casualty

                      Type

                      Classic Growth

                      Style

                      Mid Value

                      Progressive Corp an Ohio corporation was formed in 1965. It currently has 54 subsidiaries, one mutual insurance company affiliate and one limited partnership investment affiliate. The Company offers a number of personal and commercia...morel property-casualty insurance products mainly related to motor vehicles. The Company’s insurance subsidiaries and affiliate provide personal and commercial automobile insurance and other specialty property-casualty insurance and related services throughout the United States. It writes private passenger auto insurance and the majority of its special lines products in all 50 states; it began writing auto and boat insurance in Massachusetts during 2008. It also writes private passenger auto in the District of Columbia. It writes commercial auto policies in 49 states; it doe...mores not currently write commercial auto in Hawaii or the District of Columbia. The Company’s Personal Lines segment writes insurance for personal autos and recreational and other vehicles. This business generally offers more than one program in a single state, with each program targeted to a specific distribution channel, market, or customer group. The Personal Lines segment consists of personal auto insurance products, as well as its lines products. Personal auto insurance includes Snapshot®, a usage-based insurance product. Special lines products include insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, snowmobiles, and similar items. The Personal Lines products are sold through both the agency and direct channels. The Agency business includes business written by its network of more than 35,000 independent insurance agencies located throughout the United States, as well as brokerages in New York and California. The Agency business also writes through strategic alliance business relationships with other insurance companies, financial institutions, and national agencies. The Direct business includes business written directly by its online, via mobile devices, and over the phone. The Commercial Lines business writes primary liability and physical damage insurance for automobiles and trucks owned by small businesses. The majority of its Commercial Auto customers insure two or fewer vehicles. The Commercial Auto business, which is mainly distributed through the independent agency channel, operates in four markets namely Business auto, For-hire transportation, Contractor, For-hire specialty and Tow. The Company’s other indemnity businesses mainly consist of managing its run-off businesses. Its main service business is providing policy issuance and claims adjusting services for the Commercial Auto Insurance Procedures/Plans ‘CAIP’ and Commission-Based Businesses. CAIP are state-supervised plans serving the involuntary market. It manages its claims handling on a company wide basis. Commission-based businesses are of two types namely Progressive Home Advantage® which offers new and existing Agency and Direct customers home, condominium, and renters insurance written by unaffiliated homeowner’s insurance companies. Progressive Commercial AdvantageSM which offers customers the ability to package their auto coverage with other commercial coverages that are underwritten by four unaffiliated insurance companies or placed with other companies through an unaffiliated agency The Company’s competitors are specialty companies and large multi-line insurance carriers. The automobile insurance and other property-casualty markets in which it operates are highly competitive. Property-casualty insurers generally compete on the basis of price, consumer recognition, coverage offered and other product features, claims handling, financial stability, customer service, and geographic coverage. Progressive’s insurance subsidiaries are generally subject to regulation and supervision by insurance departments of the jurisdictions in which they are domiciled or licensed to transact business.lessless

                      Key People

                      Glenn M. Renwick

                      CEO/Chairman of the Board/Director/President

                      Brian C. Domeck

                      CFO/Vice President

                      Raymond M. Voelker

                      Chief Information Officer

                      Jeffrey W. Basch

                      Chief Accounting Officer/Vice President

                      Thomas A. King

                      Treasurer/Vice President

                      • Progressive Corp

                      • 6300 Wilson Mills Road

                      • Mayfield Village, OH 44143

                      • USA.Map

                      • Phone: +1 440 461-5000

                      • Fax: -

                      • progressive.com

                      Incorporated

                      1965

                      Employees

                      26,145

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