NYSE:PGR - Progressive 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. Since then, PGR stock has decreased by 2.1% and is now trading at $73.54. View which stocks have been mosted impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 7 hold ratings and 7 buy ratings 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 Tuesday, April 21st 2020. View our earnings forecast for Progressive.

Progressive Corp (NYSE:PGR) issued its earnings results on Monday, March, 2nd. The insurance provider reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.16 by $0.02. Progressive had a return on equity of 30.98% and a net margin of 10.17%. View Progressive's earnings history.

Progressive announced a quarterly dividend on Thursday, February 20th. Shareholders of record on Tuesday, April 7th will be paid a dividend of $0.10 per share on Wednesday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, April 6th. View Progressive's dividend history.

14 brokerages have issued 1 year target prices for Progressive's stock. Their forecasts range from $59.00 to $95.00. On average, they expect Progressive's stock price to reach $82.33 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for Progressive.

News coverage about PGR stock has been trending negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Progressive earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the insurance provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutProgressive.

Progressive saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 6,198,000 shares, an increase of 17.8% from the February 27th total of 5,260,000 shares. Based on an average daily trading volume, of 3,400,000 shares, the short-interest ratio is currently 1.8 days. Approximately 1.1% of the shares of the company 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), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Cna Financial (CNA), Fidelity National Financial (FNF), Erie Indemnity (ERIE), First American Financial (FAF), Old Republic International (ORI), RLI (RLI), Hanover Insurance Group (THG) and Axis Capital (AXS).

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

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 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 activity for Progressive.

PGR stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Amundi Pioneer Asset Management Inc., Parnassus Investments CA, Boston Partners, Madison Asset Management LLC, Ceredex Value Advisors LLC, Victory Capital Management Inc., and River Road Asset Management 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 $73.54.

Progressive has a market capitalization of $43.04 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. 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.