Progressive Competitors

PGR Stock  USD 206.82  0.67  0.33%   
Progressive Corp competes with Chubb, NI Holdings, American Financial, Caterpillar, and Microsoft; as well as few others. The company runs under Insurance sector within Financials industry. Analyzing Progressive Corp competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Progressive Corp to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Progressive Corp Correlation with its peers.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Progressive Corp competition on your existing holdings.
  
At this time, Progressive Corp's Return On Capital Employed is relatively stable compared to the past year. As of 03/29/2024, Return On Equity is likely to grow to 0.21, while Return On Assets are likely to drop 0.04. At this time, Progressive Corp's Total Assets are relatively stable compared to the past year. As of 03/29/2024, Non Current Assets Total is likely to grow to about 63.5 B, while Intangible Assets are likely to drop slightly above 227 M.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Progressive Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
186.14209.16210.19
Details
Intrinsic
Valuation
LowRealHigh
178.25179.28227.50
Details
Naive
Forecast
LowNextHigh
204.67205.71206.74
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22 Analysts
Consensus
LowTargetHigh
141.84155.87173.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Progressive Corp. Your research has to be compared to or analyzed against Progressive Corp's peers to derive any actionable benefits. When done correctly, Progressive Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Progressive Corp.

Progressive Corp Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Progressive Corp and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Progressive and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Progressive Corp does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
CATAFG
MSFTCB
CATNODK
AFGNODK
CATCB
AFGCB
  
High negative correlations   
MRKMMM
MMMCB
MMMMSFT
MMMCAT
MMMCVX
MMMAFG

Risk-Adjusted Indicators

There is a big difference between Progressive Stock performing well and Progressive Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Progressive Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare Progressive Corp and related stocks such as Chubb, NI Holdings, and American Financial Net Income Over Time
Select Fundamental
201020112012201320142015201620172018201920202021202220232024
CB560.2 M1.2 B2.5 B3.8 B2.9 B2.8 B4.1 B3.9 BB4.5 B3.5 B8.5 B5.2 BB9.5 B
NODK13.8 M13.8 M13.8 M13.8 M13.8 M17.5 M4.6 M16 M31.1 M26.4 M40.4 M8.4 M(53.8 M)(5.5 M)(5.2 M)
AFG19.7 M343 M488 M471 M452 M352 M649 M475 M530 M897 M732 M1.1 B898 M852 M894.6 M
CAT198 M4.9 B5.7 B3.8 B3.7 B2.5 B(67 M)754 M6.1 B6.1 BB6.5 B6.7 B10.3 B10.9 B
MSFT39.3 M17 B21.9 B22.1 B12.2 B16.8 B21.2 B16.6 B39.2 B44.3 B61.3 B72.7 B72.4 B83.2 B87.4 B
CVX1.6 B26.9 B26.2 B21.4 B19.2 B4.6 B(497 M)9.2 B14.8 B2.9 B(5.6 B)15.6 B35.5 B21.4 B11.3 B
MMM664 M4.3 B4.4 B4.7 BB4.8 BB4.9 B5.3 B4.6 B5.4 B5.9 B5.8 B(7 B)(6.6 B)
MRK539.9 M6.3 B6.7 B4.4 B11.9 B4.4 B5.7 B2.6 B6.2 B9.8 B7.1 B13 B14.5 B365 M346.8 M

Progressive Corp and related stocks such as Chubb, NI Holdings, and American Financial Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Progressive Corp financial statement analysis. It represents the amount of money remaining after all of Progressive Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Progressive Corp Competitive Analysis

The better you understand Progressive Corp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Progressive Corp's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Progressive Corp's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
PGRCBNODKAFGCATMSFTCVXMMMMRK
 0.33 
 206.82 
Progressive
 0.24 
 259.13 
Chubb
 1.81 
 15.15 
NODK
 0.23 
 136.48 
American
 0.49 
 366.43 
Caterpillar
 0.17 
 420.72 
Microsoft
 0.89 
 157.74 
Chevron
 1.42 
 106.07 
3M
 0.15 
 131.95 
Merck
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Progressive Corp Competition Performance Charts

Five steps to successful analysis of Progressive Corp Competition

Progressive Corp's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Progressive Corp in relation to its competition. Progressive Corp's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Progressive Corp in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Progressive Corp's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Progressive Corp, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Progressive Corp position

In addition to having Progressive Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Gold and Gold Mining
Gold and Gold Mining Theme
Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. The Gold and Gold Mining theme has 94 constituents at this time.
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When determining whether Progressive Corp is a strong investment it is important to analyze Progressive Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Progressive Corp's future performance. For an informed investment choice regarding Progressive Stock, refer to the following important reports:
Check out Progressive Corp Correlation with its peers.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.
Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.424
Dividend Share
1.15
Earnings Share
6.6
Revenue Per Share
106.142
Quarterly Revenue Growth
0.254
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.