NYSE:PGRProgressive Stock Price, Forecast & News

Progressive's stock was trading at $75.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PGR stock has increased by 19.7% and is now trading at $89.89.
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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) released its quarterly earnings data on Wednesday, July, 15th. The insurance provider reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.74 by $0.10. The insurance provider earned $10.14 billion during the quarter, compared to analysts' expectations of $9.72 billion. Progressive had a return on equity of 28.79% and a net margin of 10.85%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 earnings per share.
View Progressive's earnings history.

Progressive declared 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 yield of 0.44%. The ex-dividend date of this dividend is Monday, July 6th.
View Progressive's dividend history.

14 analysts have issued 12-month price targets for Progressive's shares. Their forecasts range from $72.00 to $100.00. On average, they anticipate Progressive's stock price to reach $86.15 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
View analysts' price targets for Progressive.

News stories about PGR stock have trended somewhat positive on Tuesday, according to InfoTrie. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Progressive earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave news stories about the insurance provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term.
View the latest news about Progressive.

Progressive saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 6,630,000 shares, an increase of 8.3% from the June 30th total of 6,120,000 shares. Based on an average trading volume of 3,100,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.1% of the shares of the stock are short sold.
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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), Erie Indemnity (ERIE), Fidelity National Financial (FNF), 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 a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.63%), Mcdonald Capital Investors Inc. CA (0.33%), First Trust Advisors LP (0.30%), Confluence Investment Management LLC (0.26%), Scharf Investments LLC (0.24%) and Villere ST Denis J & Co. LLC (0.23%). 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 Cornerstone Investment Partners LLC, Mcdonald Capital Investors Inc. CA, M&G Investment Management Ltd., ZWJ Investment Counsel Inc., OLD National Bancorp IN, Heritage Wealth Advisors, Confluence Investment Management LLC, and Whittier Trust Co.. 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 $89.89.

Progressive has a market capitalization of $52.61 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.