NYSE:PGRProgressive Stock Price, Forecast & News

Progressive's stock was trading at $75.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PGR shares have increased by 20.8% and is now trading at $90.73.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 7 hold ratings, 6 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, October 21st 2020.
View our earnings forecast for Progressive.

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

Progressive announced a quarterly dividend on Friday, August 7th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Tuesday, October 6th.
View Progressive's dividend history.

14 equities research analysts have issued 12-month target prices for Progressive's shares. Their forecasts range from $72.00 to $100.00. On average, they expect Progressive's share price to reach $86.15 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
View analysts' price targets for Progressive.

Media coverage about PGR stock has trended very positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Progressive earned a news impact score of 4.0 on InfoTrie's scale. They also assigned press coverage about the insurance provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Progressive.

Progressive saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,630,000 shares, an increase of 8.3% from the July 15th total of 6,120,000 shares. Based on an average daily volume of 3,100,000 shares, the short-interest ratio is currently 2.1 days. Approximately 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), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI), Hanover Insurance Group (THG) and Axis Capital (AXS).
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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 many different retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (0.70%), Sumitomo Mitsui Trust Holdings Inc. (0.63%), Swiss National Bank (0.48%), Mcdonald Capital Investors Inc. CA (0.33%), TimesSquare Capital Management LLC (0.31%) and First Trust Advisors LP (0.30%). 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 Cooke & Bieler LP, Victory Capital Management Inc., DekaBank Deutsche Girozentrale, Bessemer Group Inc., TimesSquare Capital Management LLC, PNC Financial Services Group Inc., Principal Financial Group Inc., and Cornerstone Investment Partners 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 purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, Scharf Investments LLC, Retirement Systems of Alabama, UBS Group AG, Empire Life Investments Inc., Robeco Institutional Asset Management B.V., and Vident Investment Advisory 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 $90.73.

Progressive has a market capitalization of $53.11 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.