NYSE:PGRProgressive Stock Price, Forecast & 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 (WHO). Since then, PGR stock has increased by 20.6% and is now trading at $90.62.
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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."
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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 (EPS) 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 analyst estimates of $9.72 billion. Progressive had a net margin of 10.85% and a return on equity of 28.79%. Progressive's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.66 earnings per share.
View Progressive's earnings history.

Progressive announced a quarterly dividend on Friday, May 8th. Stockholders 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 dividend yield of 0.44%. The ex-dividend date is Monday, July 6th.
View Progressive's dividend history.

14 brokerages have issued twelve-month target prices for Progressive's stock. Their forecasts range from $72.00 to $100.00. On average, they expect Progressive's stock price to reach $86.15 in the next year. This suggests that the stock has a possible downside of 4.9%.
View analysts' price targets for Progressive.

News coverage about PGR stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. 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 news sentiment score of -2.0 on InfoTrie's scale. They also assigned media stories about the insurance provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about Progressive.

Progressive saw a increase in short interest in 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 days-to-cover ratio is currently 2.1 days. Currently, 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%), First Trust Advisors LP (0.30%) and Confluence Investment Management LLC (0.26%). 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 DekaBank Deutsche Girozentrale, Bessemer Group Inc., Principal Financial Group Inc., Cornerstone Investment Partners LLC, Mcdonald Capital Investors Inc. CA, M&G Investment Management Ltd., ZWJ Investment Counsel Inc., and OLD National Bancorp IN. 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., 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 $90.62.

Progressive has a market capitalization of $53.04 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.