NYSE:PGRProgressive Stock Price, Forecast & News

Progressive's stock was trading at $75.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PGR stock has increased by 12.5% and is now trading at $84.50. 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) announced its quarterly earnings results on Wednesday, April, 15th. The insurance provider reported $2.11 EPS for the quarter, topping the consensus estimate of $1.45 by $0.66. The insurance provider had revenue of $9.87 billion for the quarter, compared to analyst estimates of $10.28 billion. Progressive had a net margin of 9.18% and a return on equity of 26.80%. The company's revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 EPS. View Progressive's earnings history.

Progressive announced a quarterly dividend on Friday, May 8th. Shareholders 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 dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, July 6th. View Progressive's dividend history.

14 analysts have issued twelve-month target prices for Progressive's stock. Their forecasts range from $72.00 to $95.00. On average, they expect Progressive's share price to reach $85.71 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price. View analysts' price targets for Progressive.

Media stories about PGR stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Progressive earned a news impact score of -1.5 on InfoTrie's scale. They also assigned media headlines about the insurance provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Progressive.

Progressive saw a increase in short interest in 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 trading volume of 3,460,000 shares, the short-interest ratio is currently 1.6 days. Currently, 1.0% of the shares of the company are short sold. 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 a variety of retail and institutional investors. Top institutional shareholders 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., IFM Investors Pty Ltd, Reinhart Partners Inc., Dalton Greiner Hartman Maher & Co., Carnegie Capital Asset Management LLC, Global Retirement Partners LLC, and Ipswich Investment Management Co. 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 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 $84.50.

Progressive has a market capitalization of $49.46 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.