NYSE:PGR - Progressive Stock Price, Forecast & News

Progressive's stock was trading at $75.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PGR stock has decreased by 2.1% and is now trading at $73.54. View which stocks have been mosted impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 7 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Progressive.

Progressive is scheduled to release its next quarterly earnings announcement on Tuesday, April 21st 2020. View our earnings forecast for Progressive.

Progressive Corp (NYSE:PGR) released its earnings results on Monday, March, 2nd. The insurance provider reported $1.18 EPS for the quarter, beating the Zacks' consensus estimate of $1.16 by $0.02. Progressive had a return on equity of 30.98% and a net margin of 10.17%. View Progressive's earnings history.

Progressive declared a quarterly dividend on Thursday, February 20th. Shareholders of record on Tuesday, April 7th will be given a dividend of $0.10 per share on Wednesday, April 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, April 6th. View Progressive's dividend history.

14 Wall Street analysts have issued twelve-month price objectives for Progressive's stock. Their forecasts range from $59.00 to $95.00. On average, they expect Progressive's share price to reach $82.33 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for Progressive.

News coverage about PGR stock has been trending positive on Saturday, InfoTrie reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Progressive earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned press coverage about the insurance provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutProgressive.

Progressive saw a increase in short interest in March. As of March 13th, there was short interest totaling 6,198,000 shares, an increase of 17.8% from the February 27th total of 5,260,000 shares. Based on an average trading volume of 3,400,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.1% of the shares of the stock are sold short. View Progressive's Current Options Chain.

Some companies that are related to Progressive include Berkshire Hathaway (BRK.B), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Cna Financial (CNA), Fidelity National Financial (FNF), Erie Indemnity (ERIE), First American Financial (FAF), Old Republic International (ORI), RLI (RLI), Hanover Insurance Group (THG) and Axis Capital (AXS).

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

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

Progressive's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (4.46%), Janus Henderson Group PLC (2.07%), Geode Capital Management LLC (1.79%), Alliancebernstein L.P. (1.78%), Amundi Pioneer Asset Management Inc. (1.30%) and Artisan Partners Limited Partnership (1.25%). Company insiders that own Progressive stock include Barbara R Snyder, Dyke Kahina Van, Jeffrey W Basch, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, Susan Patricia Griffith and William M Cody. View institutional ownership trends for Progressive.

PGR stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Artisan Partners Limited Partnership, Goldman Sachs Group Inc., California Public Employees Retirement System, Hexavest Inc., Bank of Montreal Can, Smith Asset Management Group LP, and AQR Capital Management LLC. Company insiders that have sold Progressive company stock in the last year include Dyke Kahina Van, John A Barbagallo, John Jo Murphy, John P Sauerland, M Jeffrey Charney, Michael D Sieger, Steven Broz, and Susan Patricia Griffith. View insider buying and selling activity for Progressive.

PGR stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Amundi Pioneer Asset Management Inc., Parnassus Investments CA, Boston Partners, Madison Asset Management LLC, Ceredex Value Advisors LLC, Victory Capital Management Inc., and River Road Asset Management LLC. View insider buying and selling activity for Progressive.

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

One share of PGR stock can currently be purchased for approximately $73.54.

Progressive has a market capitalization of $43.04 billion and generates $39.02 billion in revenue each year. The insurance provider earns $3.97 billion in net income (profit) each year or $6.72 on an earnings per share basis. Progressive employs 41,571 workers across the globe. View additional information about Progressive.

The official website for Progressive is http://www.progressive.com/.

Progressive's mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The insurance provider can be reached via phone at 440-461-5000.