Progressive Stock Forecast, Price & News

Progressive's stock was trading at $75.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PGR stock has increased by 23.3% and is now trading at $92.60.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 1 sell rating, 8 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Progressive.

Progressive is scheduled to release its next quarterly earnings announcement on Wednesday, October 14th 2020.
View our earnings forecast for Progressive.

Progressive Corp (NYSE:PGR) posted its earnings results on Wednesday, July, 15th. The insurance provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.10. The insurance provider earned $10.14 billion during the quarter, compared to the consensus estimate of $9.72 billion. Progressive had a return on equity of 29.04% and a net margin of 10.85%. The company's revenue 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 announced a quarterly dividend on Friday, August 7th. Investors of record on Wednesday, October 7th will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, October 6th.
View Progressive's dividend history.

15 analysts have issued 1 year price targets for Progressive's shares. Their forecasts range from $72.00 to $115.00. On average, they expect Progressive's share price to reach $89.08 in the next year. This suggests that the stock has a possible downside of 3.8%.
View analysts' price targets for Progressive.

Progressive saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 7,030,000 shares, a decline of 15.0% from the July 30th total of 8,270,000 shares. Based on an average trading volume of 2,680,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.2% of the company's stock are sold short.
View Progressive's Short Interest.

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), Axis Capital (AXS) and Hanover Insurance Group (THG).
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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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.37%), BlackRock Inc. (7.35%), Bank of New York Mellon Corp (0.76%), Neuberger Berman Group LLC (0.71%), FMR LLC (0.70%) and Principal Financial Group Inc. (0.70%). 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 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 Cooke & Bieler LP, Victory Capital Management Inc., Goldman Sachs Group Inc., AQR Capital Management LLC, Bank of New York Mellon Corp, Toronto Dominion Bank, DekaBank Deutsche Girozentrale, and Bessemer Group Inc.. 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 acquired by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, Nordea Investment Management AB, Marshall Wace LLP, Scharf Investments LLC, and Retirement Systems of Alabama.
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 $92.60.

Progressive has a market capitalization of $54.21 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.