Progressive (PGR) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 3 sell ratings, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PGR, but not buy additional shares or sell existing shares.
View PGR analyst ratings or view top-rated stocks.

15 brokers have issued twelve-month target prices for Progressive's shares. Their PGR share price forecasts range from $109.00 to $199.00. On average, they predict the company's share price to reach $142.64 in the next year. This suggests a possible upside of 2.4% from the stock's current price.
View analysts price targets for PGR or view top-rated stocks among Wall Street analysts.

Progressive's stock was trading at $129.71 at the beginning of 2023. Since then, PGR shares have increased by 7.4% and is now trading at $139.35.
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Progressive saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,340,000 shares, a decrease of 23.7% from the August 15th total of 4,380,000 shares. Based on an average daily volume of 2,690,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.6% of the company's shares are sold short.
View Progressive's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 13th 2023.
View our PGR earnings forecast.

The Progressive Co. (NYSE:PGR) issued its quarterly earnings results on Thursday, July, 13th. The insurance provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.38. The insurance provider had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.24 billion. Progressive had a net margin of 3.12% and a trailing twelve-month return on equity of 12.02%.

Progressive declared a quarterly dividend on Friday, August 4th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.10 per share on Friday, October 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Wednesday, October 4th.
Read our dividend analysis for PGR.

ETFs with the largest weight of Progressive (NYSE:PGR) stock in their portfolio include iShares U.S. Insurance ETF (IAK), Invesco KBW Property & Casualty Insurance ETF (KBWP), AXS Brendan Wood TopGun Index ETF (TGN), Democratic Large Cap Core ETF (DEMZ), BNY Mellon Women's Opportunities ETF (BKWO), BNY Mellon Sustainable US Equity ETF (BKUS), Freedom Day Dividend ETF (MBOX) and SPDR S&P Insurance ETF (KIE).

Progressive (NYSE:PGR) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.28%. The dividend payout ratio is 13.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGR will have a dividend payout ratio of 5.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGR.

Progressive declared that its Board of Directors has approved a share buyback program on Wednesday, May 18th 2022, which permits the company to buyback 25,000,000 shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

985 employees have rated Progressive Chief Executive Officer Tricia Griffith on Glassdoor.com. Tricia Griffith has an approval rating of 93% among the company's employees. This puts Tricia Griffith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Progressive investors own include Cisco Systems (CSCO), Walt Disney (DIS), CVS Health (CVS), Intel (INTC), Home Depot (HD), AT&T (T), UnitedHealth Group (UNH), Mastercard (MA), Pfizer (PFE) and Alibaba Group (BABA).

Progressive trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGR."

Shares of PGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PGR stock can currently be purchased for approximately $139.35.

Progressive (NYSE:PGR) has a market capitalization of $81.57 billion and generates $55.88 billion in revenue each year. The insurance provider earns $721.50 million in net income (profit) each year or $2.92 on an earnings per share basis.

The company employs 55,100 workers across the globe.

Progressive's mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The official website for the company is www.progressive.com. The insurance provider can be reached via phone at (440) 461-5000, via email at investor_relations@progressive.com, or via fax at 440-446-7436.