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 18.5% and is now trading at $89.02.
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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 earnings results on Wednesday, July, 15th. The insurance provider reported $1.84 EPS for the quarter, beating the Zacks' consensus estimate of $1.74 by $0.10. The insurance provider earned $10.14 billion during 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 firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share.
View Progressive's earnings history.

Progressive declared a quarterly dividend on Friday, August 7th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Tuesday, October 6th.
View Progressive's dividend history.

14 brokerages have issued 12 month price objectives for Progressive's shares. Their forecasts range from $72.00 to $100.00. On average, they anticipate Progressive's stock price to reach $86.15 in the next twelve months. This suggests that the stock has a possible downside of 3.2%.
View analysts' price targets for Progressive.

News articles about PGR stock have been trending extremely negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Progressive earned a media sentiment score of -4.1 on InfoTrie's scale. They also gave media stories about the insurance provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company'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 January. As of January 15th, there was short interest totaling 5,920,000 shares, an increase of 19.4% from the December 31st total of 4,960,000 shares. Based on an average daily trading volume, of 3,350,000 shares, the short-interest ratio is currently 1.8 days. Approximately 1.0% of the shares of the stock are short sold.
View Progressive's Short Interest.

Some companies that are related to Progressive include Berkshire Hathaway (BRK.B), Travelers Companies (TRV), Allstate (ALL), 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), 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 number of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (0.76%), Principal Financial Group Inc. (0.70%), Sumitomo Mitsui Trust Holdings Inc. (0.63%), California Public Employees Retirement System (0.59%), Swiss National Bank (0.48%) and Rockefeller Capital Management L.P. (0.43%). 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., Goldman Sachs Group Inc., Bank of New York Mellon Corp, Toronto Dominion Bank, DekaBank Deutsche Girozentrale, Bessemer Group Inc., and TimesSquare Capital Management 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 Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, Scharf Investments LLC, Retirement Systems of Alabama, UBS Group AG, Empire Life Investments Inc., NorthCoast Asset Management LLC, and Ceredex Value Advisors 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 $89.02.

Progressive has a market capitalization of $52.11 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.