NYSE:PGR - Progressive Stock Price, Forecast & News

Progressive trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGR."

Progressive announced a quarterly dividend on Thursday, December 12th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.10 per share on Wednesday, January 15th. This represents a $0.40 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, January 7th. View Progressive's Dividend History.

Progressive Corp (NYSE:PGR) issued its earnings results on Wednesday, January, 29th. The insurance provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.67. The insurance provider earned $9.59 billion during the quarter, compared to analyst estimates of $8.89 billion. Progressive had a return on equity of 30.68% and a net margin of 10.17%. Progressive's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. View Progressive's Earnings History.

Progressive is scheduled to release their next quarterly earnings announcement on Tuesday, April 21st 2020. View Earnings Estimates for Progressive.

13 brokerages have issued 1 year price targets for Progressive's stock. Their forecasts range from $59.00 to $96.00. On average, they expect Progressive's stock price to reach $81.85 in the next year. This suggests that the stock has a possible downside of 2.3%. View Analyst Price Targets for Progressive.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Progressive.

Press coverage about PGR stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog 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 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 company's share price in the next several days. View News Stories for Progressive.

Progressive saw a increase in short interest in January. As of January 31st, there was short interest totalling 5,920,000 shares, an increase of 19.4% from the January 15th total of 4,960,000 shares. Based on an average trading volume of 3,350,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.0% of the company's shares are sold short. View Progressive's Current Options Chain.

Some companies that are related to Progressive include Berkshire Hathaway (BRK.B), Allstate (ALL), Travelers Companies (TRV), Arch Capital Group (ACGL), Cincinnati Financial (CINF), Markel (MKL), W. R. Berkley (WRB), Cna Financial (CNA), Fidelity National Financial (FNF), Erie Indemnity (ERIE), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG), Axis Capital (AXS) and Assured Guaranty (AGO).

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

Progressive's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (4.46%), Amundi Pioneer Asset Management Inc. (1.30%), Artisan Partners Limited Partnership (1.25%), Renaissance Technologies LLC (0.92%), Bank of New York Mellon Corp (0.82%) and Goldman Sachs Group Inc. (0.76%). 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 for Progressive.

PGR stock was purchased by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Parnassus Investments CA, Boston Partners, Madison Asset Management LLC, Ceredex Value Advisors LLC, Victory Capital Management Inc., River Road Asset Management LLC and Victory Capital Management Inc.. View Insider Buying and Selling 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 $83.77.

Progressive has a market capitalization of $48.97 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 37,346 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.