NYSE:PGRProgressive 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 (WHO). Since then, PGR stock has increased by 3.0% and is now trading at $77.37. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 6 hold ratings, 7 buy ratings and 1 strong buy rating 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 Wednesday, July 15th 2020. View our earnings forecast for Progressive.

Progressive Corp (NYSE:PGR) announced its quarterly earnings data on Wednesday, April, 15th. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.45 by $0.66. The insurance provider earned $9.87 billion during the quarter, compared to analysts' expectations of $10.28 billion. Progressive had a return on equity of 26.80% and a net margin of 9.18%. The business's revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 EPS. View Progressive's earnings history.

Progressive announced a quarterly dividend on Friday, May 8th. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.10 per share on Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Monday, July 6th. View Progressive's dividend history.

14 equities research analysts have issued 1 year target prices for Progressive's shares. Their forecasts range from $72.00 to $95.00. On average, they expect Progressive's share price to reach $85.71 in the next year. This suggests a possible upside of 10.8% from the stock's current price. View analysts' price targets for Progressive.

Media headlines about PGR stock have trended negative on Thursday, according to InfoTrie. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Progressive earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news stories about the insurance provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Progressive.

Progressive saw a increase in short interest in June. As of June 30th, there was short interest totaling 5,590,000 shares, an increase of 6.7% from the June 15th total of 5,240,000 shares. Based on an average trading volume of 3,460,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the shares of the company 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), Arch Capital Group (ACGL), Cincinnati Financial (CINF), W. R. Berkley (WRB), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG), RLI (RLI) and Axis Capital (AXS). View all competitors.

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

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

Progressive's stock is owned by a variety of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.26%), Metropolis Capital Ltd (0.16%), Envestnet Asset Management Inc. (0.10%), Reinhart Partners Inc. (0.03%), State of Alaska Department of Revenue (0.03%) and DNB Asset Management AS (0.01%). Company insiders that own Progressive stock include Andrew J Quigg, Barbara R Snyder, Dyke Kahina Van, 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 Confluence Investment Management LLC, Reinhart Partners Inc., Dalton Greiner Hartman Maher & Co., Private Trust Co. NA, and Nelson Van Denburg & Campbell Wealth Management Group LLC. Company insiders that have sold Progressive company stock in the last year include Andrew J Quigg, 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 bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Metropolis Capital Ltd, State of Alaska Department of Revenue, DNB Asset Management AS, Municipal Employees Retirement System of Michigan, Paragon Advisors LLC, Diversified Trust Co, and Chesley Taft & Associates 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 $77.37.

Progressive has a market capitalization of $45.28 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.

The official website for Progressive is 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.