Progressive Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 5 sell ratings, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Progressive stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PGR, but not buy additional shares or sell existing shares.
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14 brokers have issued 12 month target prices for Progressive's stock. Their PGR stock forecasts range from $85.00 to $130.00. On average, they predict Progressive's share price to reach $107.23 in the next year. This suggests that the stock has a possible downside of 8.1%.
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Progressive's stock was trading at $102.65 at the start of the year. Since then, PGR shares have increased by 13.7% and is now trading at $116.70.
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Progressive is scheduled to release its next quarterly earnings announcement on Thursday, July 21st 2022.
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The Progressive Co. (NYSE:PGR) released its quarterly earnings results on Thursday, April, 14th. The insurance provider reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by $0.12. The insurance provider earned $12.29 billion during the quarter, compared to analysts' expectations of $12.24 billion. Progressive had a trailing twelve-month return on equity of 12.85% and a net margin of 4.54%.
View Progressive's earnings history.

Progressive announced a quarterly dividend on Wednesday, May 18th. Investors of record on Thursday, July 7th will be paid a dividend of $0.10 per share on Friday, July 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Wednesday, July 6th.
View Progressive's dividend history.

Progressive(NYSE:PGR) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.34%. The dividend payout ratio of Progressive is 10.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Progressive will have a dividend payout ratio of 6.30% next year. This indicates that Progressive will be able to sustain or increase its dividend.
View Progressive's dividend history.

Progressive declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 18th 2022, which authorizes the company to repurchase 25,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

985 employees have rated Progressive CEO Tricia Griffith on Glassdoor.com. Tricia Griffith has an approval rating of 93% among Progressive's employees. This puts Tricia Griffith in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Progressive include Travelers Companies (TRV), Allstate (ALL), Cincinnati Financial (CINF), W. R. Berkley (WRB), Markel (MKL), Arch Capital Group (ACGL), CNA Financial (CNA), Fidelity National Financial (FNF), Old Republic International (ORI), First American Financial (FAF), RLI (RLI), The Hanover Insurance Group (THG), Selective Insurance Group (SIGI), AXIS Capital (AXS) and White Mountains Insurance Group (WTM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Progressive investors own include Cisco Systems (CSCO), Walt Disney (DIS), CVS Health (CVS), Intel (INTC), Home Depot (HD), 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 Vanguard Group Inc. (8.28%), BlackRock Inc. (7.60%), Wellington Management Group LLP (5.68%), State Street Corp (4.62%), JPMorgan Chase & Co. (4.26%) and Massachusetts Financial Services Co. MA (2.77%). Company insiders that own Progressive stock include Andrew J Quigg, Daniel P Mascaro, Dyke Kahina Van, Jeffrey D Kelly, John Jo Murphy, John P Sauerland, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Mariann Wojtkun Marshall, Michael D Sieger, Patrick K Callahan, Roger N Farah, Steven Broz, Stuart B Burgdoerfer and Susan Patricia Griffith.
View institutional ownership trends for Progressive.

PGR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Ceredex Value Advisors LLC, JPMorgan Chase & Co., Maj Invest Holding A S, Mackenzie Financial Corp, Scharf Investments LLC, First Trust Advisors LP, and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have sold Progressive company stock in the last two years include Andrew J Quigg, Daniel P Mascaro, Dyke Kahina Van, Jeffrey D Kelly, John P Sauerland, Karen Bailo, Lori A Niederst, M Jeffrey Charney, Mariann Wojtkun Marshall, Michael D Sieger, Patrick K Callahan, Steven Broz, Stuart B Burgdoerfer, and Susan Patricia Griffith.
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PGR stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Vanguard Group Inc., Victory Capital Management Inc., Viking Global Investors LP, California Public Employees Retirement System, Renaissance Technologies LLC, Neuberger Berman Group LLC, and Bank of America Corp DE.
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Shares of PGR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PGR stock can currently be purchased for approximately $116.70.

Progressive (NYSE:PGR) has a market capitalization of $68.26 billion and generates $47.70 billion in revenue each year. The insurance provider earns $3.35 billion in net income (profit) each year or $3.68 on an earnings per share basis.

Progressive employs 49,000 workers across the globe.

Progressive was founded in 1937.

Progressive's mailing address is 6300 Wilson Mills Road, Mayfield Village OH, 44143. The official website for Progressive is www.progressive.com. The insurance provider can be reached via phone at (440) 461-5000 or via fax at 440-446-7436.