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Progressive Corp PGR

Morningstar Rating
$211.02 +1.56 (0.74%)
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Company Report

Price vs Fair Value

PGR is trading at a 669% premium.
Price
$211.12
Fair Value
$468.00
Uncertainty
Medium
1-Star Price
$356.11
5-Star Price
$34.90
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Progressive has consistently outperformed peers in terms of underwriting margins.

Bears

Progressive operates in an industry that competes almost entirely on price.

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News

Trading Information

Previous Close Price
$209.46
Day Range
$207.48211.22
52-Week Range
$111.41217.77
Bid/Ask
$205.50 / $213.96
Market Cap
$123.59 Bil
Volume/Avg
100 / 2.7 Mil

Key Statistics

Price/Earnings (Normalized)
22.99
Price/Sales
1.91
Dividend Yield (Trailing)
0.54%
Dividend Yield (Forward)
0.19%
Total Yield
0.66%

Company Profile

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Sector
Financial Services
Industry
Insurance - Property & Casualty
Stock Style Box
Large Growth
Total Number of Employees
61,400

Competitors

Valuation

Metric
PGR
BRK.B
ALL
Price/Earnings (Normalized)
22.9921.8021.82
Price/Book Value
5.671.542.54
Price/Sales
1.912.160.72
Price/Cash Flow
21.3023.8016.85
Price/Earnings
PGR
BRK.B
ALL

Financial Strength

Metric
PGR
BRK.B
ALL
Quick Ratio
Current Ratio
Interest Coverage
27.5418.864.90
Quick Ratio
No chart available

Profitability

Metric
PGR
BRK.B
ALL
Return on Assets (Normalized)
6.83%3.90%1.46%
Return on Equity (Normalized)
32.37%7.49%10.07%
Return on Invested Capital (Normalized)
24.07%6.61%7.13%
Return on Assets
PGR
BRK.B
ALL
See how this stock stacks up to its competitors with Morningstar Investor

Insurance - Property & Casualty Industry Comparables

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