Progressive Stock Forecast, Price & News

Progressive's stock was trading at $75.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PGR shares have increased by 25.7% and is now trading at $94.42.
View which stocks have been most impacted by COVID-19.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 1 sell rating, 8 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Progressive.

Progressive is scheduled to release its next quarterly earnings announcement on Wednesday, October 14th 2020.
View our earnings forecast for Progressive.

Progressive Corp (NYSE:PGR) released its quarterly earnings data on Wednesday, July, 15th. The insurance provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.10. The insurance provider had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $9.72 billion. Progressive had a net margin of 10.85% and a return on equity of 29.04%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 EPS.
View Progressive's earnings history.

Progressive declared a quarterly dividend on Friday, August 7th. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Tuesday, October 6th.
View Progressive's dividend history.

15 analysts have issued 12-month target prices for Progressive's stock. Their forecasts range from $72.00 to $115.00. On average, they anticipate Progressive's share price to reach $89.08 in the next twelve months. This suggests that the stock has a possible downside of 5.7%.
View analysts' price targets for Progressive.

Progressive saw a decline in short interest in August. As of August 14th, there was short interest totaling 7,030,000 shares, a decline of 15.0% from the July 30th total of 8,270,000 shares. Based on an average daily volume of 2,680,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.2% of the shares of the company are short sold.
View Progressive's Short Interest.

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), Erie Indemnity (ERIE), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI), Axis Capital (AXS) and Hanover Insurance Group (THG).
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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), Home Depot (HD), Intel (INTC), 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."

Progressive's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.37%), BlackRock Inc. (7.35%), Bank of New York Mellon Corp (0.76%), Neuberger Berman Group LLC (0.71%), FMR LLC (0.70%) and Principal Financial Group Inc. (0.70%). 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 and Susan Patricia Griffith.
View institutional ownership trends for Progressive.

PGR stock was sold by a variety of institutional investors in the last quarter, including Cooke & Bieler LP, Victory Capital Management Inc., Goldman Sachs Group Inc., AQR Capital Management LLC, Bank of New York Mellon Corp, Toronto Dominion Bank, DekaBank Deutsche Girozentrale, and Bessemer Group Inc.. 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 acquired by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, Nordea Investment Management AB, Marshall Wace LLP, Scharf Investments LLC, and Retirement Systems of Alabama.
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 $94.42.

Progressive has a market capitalization of $55.27 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.