|Free Dividend Report|
|PGR Dividend History|
|PGR Stock Split History|
|Preferred Stock Newsletter|
|PGR Options Chain|
|PGR Message Board|
Progressive (PGR) has 4 splits in our Progressive stock split history database. The first split for PGR took place on December 09, 1992. This was a 3 for 1 split, meaning for each share of PGR owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. PGR's second split took place on April 23, 2002. This was a 3 for 1 split, meaning for each share of PGR owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 9000 share position following the split. PGR's third split took place on May 19, 2006. This was a 4 for 1 split, meaning for each share of PGR owned pre-split, the shareholder now owned 4 shares. For example, a 9000 share position pre-split, became a 36000 share position following the split. PGR's 4th split took place on January 27, 2014.
When a company such as Progressive splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Progressive stock split history from start to finish, an original position size of 1000 shares would have turned into 36000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Progressive shares, starting with a $10,000 purchase of PGR, presented on a split-history-adjusted basis factoring in the complete Progressive stock split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||18.63%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||16.46%|
|Progressive is an insurance holding company. Co.'s insurance subsidiaries and affiliates provide personal and commercial auto insurance, personal residential property insurance, and other insurance and related services. Co.'s Personal Lines segment writes insurance for personal autos and recreational and other vehicles. The Commercial Lines segment writes auto-related primary liability and physical damage insurance, and business-related general liability and property insurance, each predominately for small businesses. Co. focuses on property insurance for homes, condos, manufactured homes, and renters, as well as personal umbrella insurance and primary and excess flood insurance. According to our Progressive stock split history records, Progressive has had 4 splits.|
|PGR Split History Table|
|12/09/1992||3 for 1|
|04/23/2002||3 for 1|
|05/19/2006||4 for 1|
|01/27/2014||1 for 1|
|Financials Stock Splits|
|PGR is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: PGR shares outstanding history