AI + Smart Glass = A Nasdaq Sleeper
This recent Nasdaq IPO is quietly making waves, thanks to its 95% market share in a $240M aerospace niche. With patented technology that integrates AI into smart glass, this company is poised for massive growth as the market races toward $124 billion by 2029.
About Progressive Corp
The Progressive Corporation operates as an insurance company in the United States. The company writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. It also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos; business-related general liability and commercial property insurance for small businesses; and workers' compensation insurance for the transportation industry. In addition, the company offers other specialty property-casualty insurance and provide related services; personal property reinsurance products; and involved in investment activities. It sells its products through independent insurance agencies, as well as online and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.
General
| Name | Progressive Corp |
| Ticker | PGR |
| Exchange | NYSE |
| Sector | Financial |
| Industry | Insurance - Property & Casualty |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 66,308 |
Highlights
| Analyst Target | 293.18 |
| Market Cap | 162,344,400,000 |
| PE Ratio | 19.20 |
| PEG Ratio | 0.12 |
| EBITDA | 11,276,000,256 |
Share Stats
| Shares Outstanding | 586,000,000 |
| Shares Float | 584,560,000 |
| Shares Short | 6,400,000 |
| Insider Holdings | 28% |
| Institution Holdings | 87.62% |
Highlights
| Analyst Target | 293.18 |
| Market Cap | 162,344,400,000 |
| PE Ratio | 19.20 |
| PEG Ratio | 0.12 |
| EBITDA | 11,276,000,256 |
Valuation
| Trailing PE | 19.22 |
| Forward PE | 19.49 |
| Price/Sales (Trailing 12 Mt.) | 2.15 |
| Price/Book (Most Recent Quarter) | 6.38 |
Dividend
Progressive Corp pays out a dividend of $3.51 per share, with a dividend yield of 1.27%.
PGR's last dividend payment was made to shareholders on January 16, 2025.
They pay out 34.03% of their earnings out as a dividend.
Recent Dividends
| Jan 16, 2025 | $4.60 |
| Oct 11, 2024 | $0.10 |
| Jul 12, 2024 | $0.10 |
| Apr 12, 2024 | $0.10 |
| Jan 26, 2024 | $0.85 |
| Oct 13, 2023 | $0.10 |
| Jul 14, 2023 | $0.10 |
| Apr 14, 2023 | $0.10 |
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