Charles Davis - Progressive Corp Independent Director
| PGR Stock | USD 268.88 2.02 0.76% |
Director
Mr. Charles A. Davis is an Independent Director of the Company, since 1996 since 1996.
| Age | 72 |
| Tenure | 28 years |
| Address | 300 North Commons Blvd., Mayfield Village, OH, United States, 44143 |
| Phone | (440) 461-5000 |
| Web | https://www.progressive.com |
Progressive Corp Management Efficiency
The company has Return on Asset of 0.069 % which means that on every $100 spent on assets, it made $0.069 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.3641 %, implying that it generated $0.3641 on every 100 dollars invested. Progressive Corp's management efficiency ratios could be used to measure how well Progressive Corp manages its routine affairs as well as how well it operates its assets and liabilities. As of 12/01/2024, Return On Equity is likely to grow to 0.21, while Return On Tangible Assets are likely to drop 0.04. At this time, Progressive Corp's Fixed Asset Turnover is relatively stable compared to the past year.Similar Executives
| Showing other executives | DIRECTOR Age | ||
| Mary Cirillo | Chubb | 73 | |
| Perry Traquina | The Allstate | 63 | |
| Todd Schermerhorn | The Travelers Companies | 59 | |
| Christopher Augostini | W R Berkley | 55 | |
| Theodore Shasta | Chubb | 70 | |
| Jacques Perold | The Allstate | 61 | |
| James Cash | Chubb | 71 | |
| Olivier Steimer | Chubb | 66 | |
| Laurie Thomsen | The Travelers Companies | 63 | |
| Andrea Redmond | The Allstate | 64 | |
| Sheila Burke | Chubb | 70 | |
| Debbie Roberts | RLI Corp | 56 | |
| Jordan Graham | RLI Corp | 60 | |
| Robert Hernandez | Chubb | 73 | |
| Mark Brockbank | W R Berkley | 68 | |
| Donald Shepard | The Travelers Companies | 72 | |
| Eugene Shanks | Chubb | 73 | |
| Kermit Crawford | The Allstate | 61 | |
| Michael Angelina | RLI Corp | 54 | |
| Janet Dolan | The Travelers Companies | 70 | |
| Anne Kronenberg | Kinsale Capital Group | 60 | |
Management Performance
| Return On Equity | 0.36 | ||||
| Return On Asset | 0.069 |
Progressive Corp Leadership Team
Elected by the shareholders, the Progressive Corp's board of directors comprises two types of representatives: Progressive Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Progressive. The board's role is to monitor Progressive Corp's management team and ensure that shareholders' interests are well served. Progressive Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Progressive Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Mascaro, Vice President Secretary, and Chief Legal Officer | ||
| Stuart Burgdoerfer, Independent Director | ||
| Mariann Marshall, Chief Accounting Officer, Vice President | ||
| Patrick Nettles, Independent Director | ||
| Philip Bleser, Independent Director | ||
| Lori Niederst, Customer Relationship Management President | ||
| Remi Kent, Chief Marketing Officer | ||
| Karen Bailo, Commercial Lines President | ||
| Kahina Dyke, Independent Director | ||
| Barbara Snyder, Independent Director | ||
| John Barbagallo, Commercial Lines President; Commercial Lines Group President, Agency Operations | ||
| Jonathan Bauer, Chief Investment Officer | ||
| Charles Davis, Independent Director | ||
| Andrew Quigg, Chief Strategy Officer | ||
| Devin Johnson, Independent Director | ||
| William II, Chief Officer | ||
| Pamela Craig, Independent Director | ||
| Douglas Constantine, Director Relations | ||
| Steven Broz, Chief Information Officer | ||
| Patrick Callahan, President of Personal Lines | ||
| Michael Charney, Chief Marketing Officer | ||
| Jeffrey Kelly, Independent Director | ||
| Susan Griffith, President, Chief Executive Officer, Director | ||
| Lawton Fitt, Independent Chairperson of the Board | ||
| William Clawson, Chief Human Resource Officer | ||
| Jan Tighe, Independent Director | ||
| Roger Farah, Independent Director | ||
| John Murphy, President - Customer Relationship Management | ||
| Michael Sieger, Claims Operations Leader | ||
| John Sauerland, Chief Financial Officer, Vice President | ||
| David Stringer, Secretary VP |
Progressive Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Progressive Corp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.36 | ||||
| Return On Asset | 0.069 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.15 % | ||||
| Current Valuation | 164.27 B | ||||
| Shares Outstanding | 585.81 M | ||||
| Shares Owned By Insiders | 0.28 % | ||||
| Shares Owned By Institutions | 87.08 % | ||||
| Number Of Shares Shorted | 4.28 M | ||||
| Price To Earning | 93.06 X |
Pair Trading with Progressive Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Progressive Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Progressive Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Progressive Stock
The ability to find closely correlated positions to Progressive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progressive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Progressive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Progressive Corp to buy it.
The correlation of Progressive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Progressive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Progressive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Progressive Stock Analysis
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.