Progressive is an insurance holding company. Co.'s insurance subsidiaries provide personal and commercial auto insurance, personal residential and commercial property insurance, workers' compensation insurance for the transportation industry, business-related general liability insurance, and other specialty property-casualty insurance and related services. Co.'s non-insurance subsidiaries generally support its insurance and investment operations. Co. provides Snapshot, an usage-based insurance (UBI) program, through both its hardware-based and mobile-app versions. Co.'s Smart Haul® is the other UBI program that uses driving data from a motor carrier's existing electronic logging device. We show 58 historical shares outstanding datapoints in our PGR shares outstanding history coverage, used to compute PGR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PGR market cap history over the course of time is important for investors
interested in comparing PGR's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PGR versus a peer is one thing; comparing
PGR market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PGR can fluctuate over the course of history.
With this page we aim to empower investors researching PGR by allowing them to research the PGR market cap history. |
Free PGR Email Alerts:
Video: The Importance of Market Cap
