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 7.5% and is now trading at $80.76. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 6 hold ratings, 7 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, July 15th 2020. View our earnings forecast for Progressive.

Progressive Corp (NYSE:PGR) released its quarterly earnings results on Wednesday, April, 15th. The insurance provider reported $2.11 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.66. The insurance provider earned $9.87 billion during the quarter, compared to analysts' expectations of $10.28 billion. Progressive had a return on equity of 26.80% and a net margin of 9.18%. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 earnings per share. View Progressive's earnings history.

Progressive declared a quarterly dividend on Friday, May 8th. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.10 per share on Wednesday, July 15th. This represents a $0.40 annualized dividend and a yield of 0.50%. The ex-dividend date is Monday, July 6th. View Progressive's dividend history.

14 equities research analysts have issued 1 year price objectives for Progressive's stock. Their forecasts range from $72.00 to $95.00. On average, they anticipate Progressive's stock price to reach $85.71 in the next year. This suggests a possible upside of 6.1% 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 Analysis. The research firm 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 positive five, with scores nearest to five being the most favorable. Progressive earned a daily sentiment score of -2.4 on InfoTrie's scale. They also assigned press coverage about the insurance provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely 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 in the month of June. As of June 30th, there was short interest totaling 5,590,000 shares, an increase of 6.7% from the June 15th total of 5,240,000 shares. Based on an average daily trading volume, of 3,460,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% 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), Travelers Companies (TRV), Allstate (ALL), Markel (MKL), Arch Capital Group (ACGL), Cincinnati Financial (CINF), W. R. Berkley (WRB), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG), RLI (RLI) and Axis Capital (AXS). View all competitors.

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 investors include Confluence Investment Management LLC (0.26%), Metropolis Capital Ltd (0.16%), Envestnet Asset Management Inc. (0.10%), Fulton Breakefield Broenniman LLC (0.04%), Reinhart Partners Inc. (0.03%) and Carnegie Capital Asset Management LLC (0.03%). 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 Confluence Investment Management LLC, Whittier Trust Co., Reinhart Partners Inc., Dalton Greiner Hartman Maher & Co., Carnegie Capital Asset Management LLC, Ipswich Investment Management Co. Inc., Private Trust Co. NA, and Nelson Van Denburg & Campbell Wealth Management Group 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 Envestnet Asset Management Inc., Metropolis Capital Ltd, State of Alaska Department of Revenue, DNB Asset Management AS, Gradient Investments LLC, Fulton Breakefield Broenniman LLC, Municipal Employees Retirement System of Michigan, and Mount Yale Investment 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 $80.76.

Progressive has a market capitalization of $47.27 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.