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The Progressive
NYSE:PGR
Tea Leaves Summary
The Progressive [NYSE:PGR] share price
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Page Updated: Aug 19, 2019

The Progressive [NYSE:PGR] share price, stock quote Analysis

What has the stock performance of The Progressive been like?
stock quote price chart

The Progressive's (NYSE:PGR) share price is 21.8% higher in the past 12 months and has outperformed the overall US TECH market which is 3.9% higher in the same timeframe. This equates to a 17.9% greater return over the period which puts the share price as an outperformer vs other US TECH companies.

Sentiment

Tea Leaves Score
sentiment tea score

Analyst RatingS

What are analyst ratings for The Progressive?
Analyst Ratings
Analyst Ratings Change
analyst ratings

From 19 analysts that cover The Progressive's stock, the average rating is 3.6. This is a weighted average of 5 strong buys, 4 buys, 8 holds, 1 sells, 1 strong sells. This is 0.3 lower than a month ago which gives this factor a tea-score of 1/5.

Positions

Tea Leaves Score
positions tea score

Insider Trades

What has The Progressive's insider trading been over the past year?
Sold
Bought
insider trading chart

The Progressive insider's have net been buying stock over the past 12 months, in the previous month insiders have been net buying. In fact the buy to sell ratio in the past month has been 50.0% which is 49.0% higher than the last 12 months buy to sell ratio. This put's The Progressive's Insiders in the top quintile vs their peers giving this factor a tea-score of 3/5.

Ownership

What is the ownership of The Progressive stock?
ownership chart

For The Progressive, currently 82.0% of stock (1 billion shares) is owned by Institutions, 17.3% (802 million shares) is owned by Individuals, and 0.7% (2 million shares) is owned by company insiders. The CEO has a holding of 0.02% which is equivalent to 40 thousand shares with a market value of $129 million. This factor has a tea-score of 4/5.

Short Interest

What is the short interest for The Progressive stock?
short interest chart

As of 31 July 2019, the short interest for The Progressive has been 0.91% of the shares outstanding which is 53 billion shares. This is more than 1 month ago which had 0.77% of the shares outstanding which is 44 billion short interest in shares. This equals a tea-score of 5/5.

Growth

Tea Leaves Score
growth tea leaves

Revenue & Earnings

What has The Progressive's revenue history been by year?
revenue chart

The Progressive's revenue in the last 12 months ending 30 June 2019 is $35Bn. The Progressive's average revenue growth for the last 4 years has been 5.1% which is currently lower than their comps of 6.2%.

Free Cash Flow Yield Growth

What is The Progressive's free cash flow yield?
free cash flow yield chart

The Progressive's free cash flow yield is 17.8% and has grown from 4 years ago. The free cash flow yield for The Progressive 1 year ago was 11.6% and 3 years ago it was 13.0%.

Dividend History & yield

What has The Progressive's dividend payments been historically?
Dividend ($)
Dividend Yield (%)
dividend chart

The Progressive pays dividends every 3 months and has done so since 02 April 2013. Dividends have been steadily decreasing over the past 4 years from $0.8882 (dividend yield of 3.15%) to $0.1 today (yield of 0.12%).

Value

Tea Leaves Score
value tea leaves

PE Ratio

What is The Progressive's PE ratio?
pe ratio

The Progressive's PE ratio is 14.1x. This is calculated from their EPS of $2.02 and price per share of $77.49. The Progressive's PE ratio values the company cheaper than 40% of it's competitors giving this factor a tea-score of 2/5.

PEG Ratio

What is The Progressive's PEG ratio?
peg ratio

The Progressive's PEG ratio is 0.4x. This is calculated from their PE ratio of 14.1x and their last 12 months growth rate of 0.391%. This is more attractive than their competitors so the tea-score for this factor is 2/5.

Share Price / Book (PB Ratio)

What is The Progressive's PB ratio?
PB ratio

The PB ratio for The Progressive is 3.5x. This is more expensive than their competitors who have an average PB ratio of 1.6x. The tea-score is 5/5.

Free Cash Flow Yield

What is The Progressive's free cash flow yield?
free cash flow yield

The Progressive's free cash flow yield is 17.8% which is ranked 1.0/5 when compared to its competitors. This is calculated from a free cash flow of - (as reported for the 12 months ending 30 June 2019) divided by its current market capitalisation of $45Bn. The average free cash flow yield across The Progressive's comps is 8.1%.

Return On Investment (ROI)

What is The Progressive's return on investment (ROI)?
return on investment

The Progressive's return on investment is 26.3%. This is more profitable than its competitors.

Health

Tea Leaves Score
health tea leaves

Assets vs Liabilities

What is The Progressive's current ratio (assets vs liabilities)?
assets vs liabilities

The Progressive's current ratio is calculated by (current assets) / (current liabilities) which equals 0.4x. This more attractive than their competitors and also better than recommended for a healthy company.

Debt vs Equity

What is The Progressive's debt vs shareholder equity?
debt vs equity

The Progressive's debt to shareholder equity is 34.0%. This is worse than their competitors and also worse than advised for a well-managed balance sheet.

Dividend Payout Ratio

What is The Progressive's dividend payout ratio?
dividend payout ratio

The Progressive's dividend payout ratio calculated against their free cash flow is low at 20.8%. This is in quintile 4 when measured against their comps.

Earth

Tea Leaves Score
ESG score
What is the overall ESG (environmental, social and corporate governance) rating for The Progressive?

The Progressive's has a poor overall ESG rating of 52/100. Their competitors have a score between 43 and 86 with the average at 61.

ESG Environmental

What the latest (ESG) environmental responsibility score for The Progressive vs their competitors?
ESG environmental
We can see here what the environmental consciousness of The Progressive is relative to other similar companies.

ESG Social

What the present (ESG) social responsibility score for The Progressive vs their peers?
ESG social
We can get a sense of what the social responsbility of The Progressive is when compared to other rival companies.

ESG Corporate Governance

What the current (ESG) corporate governance score for The Progressive vs their challengers?
ESG corporate governance
With this number we can understand what the corporate governance of The Progressive is when compared to it's peers.

APPLE [NASDAQ:AAPL] COMPANY PROFILE

Description

What is the company description of The Progressive?
The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles.

The Progressive [NYSE:PGR] PEERS/COMPETITORS

Industry Peers & Competitors

Who are The Progressive's peers and competitors?
Here is a list of The Progressive's peers in the Financial Services sector:

The Progressive [NYSE:PGR] Additional Q&A

Questions & Answers

What is the 52 week high for The Progressive stock quote?

The Progressive (NYSE:PGR) hit a new 52-week high on 12 July 2019 at a price of $84.39 with 1,418,400 shares traded that day. This is 8.9% higher than than its current price of $77.49 and 53.8% higher than the 52-week low of $54.86 on 24 December 2018. Average daily volume traded has been 2 million shares over the past 3 months.

What is the highest price The Progressive stock has ever been?

The all-time highs for The Progressive stock were reached on 12 July 2019, 38 days ago at a price of $84.39. This equates to a market capitalisation of $49Bn. The highest price reached is 8.9% higher than the current price of $77.49 with a current market cap of $45Bn.

What is the beta of The Progressive stock?

The Progressive stock moves 0.6x the US TECH market average which makes its beta higher than the overall market.

What is the volatility of The Progressive (PGR) stock?

The Progressive's stock has an annual volatility of 25.2% which is more volatile than the average US TECH market volatility of 16.3% which has made it a less safe stock to own in the past vs just owning the index for investors aiming for lower portfolio volatility.

What have The Progressive's share buybacks been over the past year?

The Progressive is currently running a share-buyback program and in the past year alone the company has repurchased 104 million of shares outstanding at a total expense of $23Trn. In the same time frame the share price has moved 21.8% higher which is an outperformance of 17.9% vs the overall market. The Progressive still has $420Trn of cash remaining on their balance sheet.

Who owns the most The Progressive stock?

Barry White is the largest individual shareholder in The Progressive with 1 billion shares. He is an independent director of The Progressive. The largest institutional holder is T-Rowe and they own 17.1% of the issue size with 100 million shares. T-Rowe have been net buying shares over the last 12 months as they own 1 million more shares than a year ago.

When did The Progressive beat earnings expectations in the last 4 years?

In the past 4 quarters The Progressive has had 3 earnings beat's and 1 earnings miss's. The average earnings beat has been 12.1% and the average earnings miss has been 8.2%.

When is The Progressive's next earnings date and what are the expectations?

The Progressive is set to report earnings on 30 July 2019 after market close. The report will be for the fiscal Quarter ending June 2019. Based on 14 analysts' forecasts, the consensus EPS forecast for the quarter is $2.12. Recent analyst revisions have been positive implying a potential EPS of $2.24.

What is The Progressive's upcoming earnings report expectations?

The earnings expectations for The Progressive's upcoming report on 30 July 2019 are from 14 analysts with an average EPS of $2.12. The lowest analyst rating is $2.01, the highest is $2.84. The most recent earnings revisions have been positive with a most recent estimate of $2.24.

What is The Progressive's earnings per share (EPS)?

The Progressive's latest earnings per share (EPS) was reported as $2.02 on 30 April 2019 for fiscal quarter ending March 2019. This is 11.0% higher than 12 months ago when they reported EPS of $1.82

What is The Progressive's dividend growth rate?

The Progressive's dividends have grown at -85.32% in the past year and an average growth of -22.19% over the past 4 years. This is lower then it's competitors 4-year average dividend growth of 4.1

What is The Progressive's dividend yield?

The Progressive's current dividend yield is 0.12%. This is calculated by taking the dividend's per share of $0.1 (the last payment which was on 03 July 2019) and dividing by the current share price of $77.49.

What is The Progressive's previous and next dividend date?

The Progressive's most recent dividend date was 03 July 2019 when the company paid $0.1 and the next dividend date is 01 October 2019 with an expected payment of $0.1.

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