NYSE:PGR - Progressive Stock Price, Forecast & News

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

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 yield of 0.52%. The ex-dividend date of this dividend is Monday, April 6th. View Progressive's Dividend History.

Progressive Corp (NYSE:PGR) released its quarterly earnings results on Wednesday, January, 29th. The insurance provider reported $1.81 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.67. The insurance provider had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $8.89 billion. Progressive had a net margin of 10.17% and a return on equity of 30.68%. Progressive's quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. View Progressive's Earnings History.

Progressive is scheduled to release their next quarterly earnings announcement on Tuesday, April 21st 2020. View Earnings Estimates for Progressive.

13 brokers have issued 12-month price targets for Progressive's stock. Their forecasts range from $59.00 to $96.00. On average, they expect Progressive's stock price to reach $82.23 in the next year. This suggests a possible upside of 7.8% from the stock's current price. View Analyst Price Targets for Progressive.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Progressive.

Media coverage about PGR stock has been trending extremely negative recently, InfoTrie reports. The research firm scores the sentiment of news coverage by reviewing 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 closest to five being the most favorable. Progressive earned a coverage optimism score of -4.2 on InfoTrie's scale. They also gave media coverage about the insurance provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Progressive.

Progressive saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 6,270,000 shares, an increase of 5.9% from the January 30th total of 5,920,000 shares. Based on an average daily volume of 3,260,000 shares, the short-interest ratio is presently 1.9 days. Currently, 1.1% of the company's stock are short sold. View Progressive's Current Options Chain.

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

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

Progressive's stock is owned by many different of 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 for Progressive.

PGR stock was acquired by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Parnassus Investments CA, Boston Partners, Madison Asset Management LLC, Ceredex Value Advisors LLC, Victory Capital Management Inc., River Road Asset Management LLC and Victory Capital Management Inc.. View Insider Buying and Selling 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 $76.28.

Progressive has a market capitalization of $44.60 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 37,346 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.