PGR
Progressive Corp
Exchange: NYSESector: Financial ServicesIndustry: Insurance - Property & Casualty
Progressive 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 commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers. Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price ®, Snapshot ®, and HomeQuote Explorer ®. The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly atNYSE: PGR. SOURCE Progressive Insurance
Did you know?
A large-cap company with a $116.9B market cap.
Current Price
$199.31
-0.98%GoodMoat Value
$1206.25
505.2% undervaluedProfile
Valuation (TTM)
Market Cap$116.87B
P/E10.34
EV$127.03B
P/B3.85
Shares Out586.40M
P/Sales1.33
Revenue$87.67B
EV/EBITDA8.35
Progressive Corp (PGR) Stock Analysis
GoodMoat Analysis
Progressive Corp is a high-quality property & casualty insurer with a strong competitive position, evidenced by exceptional profitability metrics like a 37.3% ROE. However, its current valuation appears unfavourable, trading at a significant premium to the analyst's target price, suggesting a lack of margin of safety.
Read full analysis
Progressive Corp is a leading property and casualty insurance provider, primarily in personal auto insurance. Applying the GoodMoat framework, the company demonstrates several potential moat characteristics. It likely scores well on criteria like scale privilege, brand & culture, and pricing power, given its market leadership and the ability to leverage vast data for risk assessment. This is reflected in its outstanding financial quality, with an ROE of 37.3% far exceeding the 15-20% high-quality threshold, a strong free cash flow yield of 14.5%, and a healthy 12.2% revenue growth. The balance sheet is solid with a low Debt/Equity ratio of 0.23. According to the Decision Framework, this profile suggests a high business score, likely passing the Moat & Quality Gate. The critical issue is valuation. The stock trades at a P/E of 10.5x, which may seem low, but the provided GoodMoat Target price of $1,206.25 implies the current price of $202.84 is at a steep discount to this analyst's estimate. This creates a massive implied margin of safety that would be classified as 'Deeply Undervalued' (>40%). However, such an extreme discrepancy between the market price and a single target price is unusual and warrants extreme scrutiny; it may indicate the target is an outlier or based on highly optimistic assumptions not reflected in the provided data. For a value investor, this presents a contradictory signal: a high-quality business paired with a valuation that appears either deeply undervalued or based on an unreliable benchmark. Further investigation is essential to reconcile the target price with standard valuation metrics and peer comparisons.
Market Cap$116.87B
Current Price$199.31
P/E Ratio10.34
Forward P/E—
PEG Ratio0.41
EPS$19.23
Book Value$51.71
P/B Ratio3.85
PGR Financial Charts
PGR 52-Week Range
$191.33
$270.99
50-Day MA: $203.26200-Day MA: $213.87
Did you know?
Pays a 2.46% dividend yield.
Progressive Corp (PGR) Financial Summary
Progressive Corp (PGR) is a Financial Services company in the Insurance - Property & Casualty industry, listed on NYSE. The stock currently trades at $199.31 with a market capitalization of $116.87B.
Key valuation metrics include a P/E ratio of 10.34, price-to-book ratio of 3.85, and EPS of $19.23. The company reports a profit margin of 12.9% and return on equity of 37.3%.
PGR Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $116.87B |
| P/E Ratio | 10.34 |
| EPS | $19.23 |
| P/B Ratio | 3.85 |
| P/S Ratio | 1.33 |
| EV/EBITDA | 8.35 |
| Dividend Yield | 2.46% |
| Profit Margin | 12.9% |
| Return on Equity | 37.3% |
| Debt/Equity | 0.23 |
Progressive Corp (PGR) Valuation
Based on GoodMoat's DCF model, Progressive Corp has a fair value estimate of $1206.25. At the current price of $199.31, the stock appears 83.5% undervalued relative to our intrinsic value estimate.
PGR Quality Indicators
Progressive Corp maintains a profit margin of 12.9% and an operating margin of 16.5%. Return on equity stands at 37.3%. Debt-to-equity ratio is 0.23.
About Progressive Corp
Progressive 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 commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers. Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price ®, Snapshot ®, and HomeQuote Explorer ®. The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly atNYSE: PGR. SOURCE Progressive Insurance
PGR Free Cash Flow
Progressive Corp generated $17.28B in trailing twelve-month free cash flow, representing an FCF yield of 14.79%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
PGR Shares Outstanding
Progressive Corp has 0.59 billion shares outstanding at a share price of $199.31, giving it a market capitalization of $116.87B.
PGR Recent Insider Trades
Recent insider transactions at Progressive Corp include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Johnson Devin C | SELL | 980 | $199038.00 |
| Joyce Carl G (Chief Accounting Officer) | SELL | 270 | $55753.65 |
| Joyce Carl G (Chief Accounting Officer) | SELL | 141 | $29892.00 |