Here's Why Progressive (PGR) is a Strong Growth Stock
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Progressive (PGR) Stock Dips While Market Gains: Key Facts
Progressive (PGR) closed at $208.49 in the latest trading session, marking a -0.85% move from the prior day.
Progressive (PGR) Stock Slides as Market Rises: Facts to Know Before You Trade
In the closing of the recent trading day, Progressive (PGR) stood at $210.28, denoting a -1.06% change from the preceding trading day.
This Stock Turned $1,000 Into $8.7 Million -- and It's Still a Buy Today
The S&P 500 has returned investors over 10% annually for the past 100 years. Progressive went public in 1971 and has rewarded patient investors handsomely.
Here is What to Know Beyond Why The Progressive Corporation (PGR) is a Trending Stock
Progressive (PGR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Progressive (PGR) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, Progressive (PGR) closed at $211.97, marking a +1.24% move from the previous day.
Progressive (PGR) Declines More Than Market: Some Information for Investors
In the latest trading session, Progressive (PGR) closed at $203.15, marking a -0.99% move from the previous day.
Why Progressive (PGR) is a Top Growth Stock for the Long-Term
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Progressive (PGR) Registers a Bigger Fall Than the Market: Important Facts to Note
In the most recent trading session, Progressive (PGR) closed at $203.18, indicating a -1.53% shift from the previous trading day.
The Progressive Corporation (PGR) is Attracting Investor Attention: Here is What You Should Know
Progressive (PGR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Panagora Asset Management Inc. Purchases 323 Shares of The Progressive Co. (NYSE:PGR)
Panagora Asset Management Inc. grew its position in The Progressive Co. (NYSE:PGR – Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,789 shares of the insurance provider’s stock after acquiring an additional 323 shares during the quarter. Panagora Asset Management Inc.’s holdings in Progressive were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its stake in Progressive by 14.1% during the third quarter. Wellington Management Group LLP now owns 21,554,503 shares of the insurance provider’s stock valued at $3,002,542,000 after purchasing an additional 2,666,449 shares in the last quarter. Invesco Ltd. raised its position in shares of Progressive by 31.8% during the 3rd quarter. Invesco Ltd. now owns 4,781,075 shares of the insurance provider’s stock valued at $666,004,000 after buying an additional 1,154,591 shares in the last quarter. Parnassus Investments LLC raised its position in shares of Progressive by 102.9% during the 3rd quarter. Parnassus Investments LLC now owns 2,131,601 shares of the insurance provider’s stock valued at $296,932,000 after buying an additional 1,080,834 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Progressive in the 3rd quarter valued at about $88,528,000. Finally, Los Angeles Capital Management LLC grew its position in Progressive by 279.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 811,381 shares of the insurance provider’s stock worth $129,237,000 after acquiring an additional 597,401 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors. Progressive Trading Up 1.1 % NYSE PGR opened at $209.22 on Monday. The stock has a market cap of $122.54 billion, a P/E ratio of 21.41, a P/E/G ratio of 0.81 and a beta of 0.34. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. The Progressive Co. has a 12-month low of $111.41 and a 12-month high of $217.77. The company has a fifty day simple moving average of $208.37 and a two-hundred day simple moving average of $183.91. Progressive (NYSE:PGR – Get Free Report) last issued its quarterly earnings results on Friday, April 12th. The insurance provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.74. Progressive had a return on equity of 29.43% and a net margin of 8.89%. The company had revenue of $18.96 billion during the quarter, compared to analysts’ expectations of $16.88 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. On average, analysts forecast that The Progressive Co. will post 11.53 earnings per share for the current year. Progressive Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.19%. The ex-dividend date is Wednesday, July 3rd. Progressive’s payout ratio is 4.09%. Insider Transactions at Progressive In related news, insider Patrick K. Callahan sold 29,675 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the completion of the transaction, the insider now directly owns 15,189 shares in the company, valued at $2,889,859.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Karen Bailo sold 8,464 shares of Progressive stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $189.49, for a total transaction of $1,603,843.36. Following the completion of the transaction, the insider now directly owns 32,342 shares of the company’s stock, valued at approximately $6,128,485.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Patrick K. Callahan sold 29,675 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the sale, the insider now directly owns 15,189 shares in the company, valued at $2,889,859.14. The disclosure for this sale can be found here. Insiders have sold 46,500 shares of company stock worth $8,983,706 over the last 90 days. 0.34% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on PGR shares. UBS Group upped their price objective on Progressive from $216.00 to $218.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Progressive in a research note on Monday, April 1st. Wells Fargo & Company boosted their price objective on shares of Progressive from $232.00 to $238.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their price target on shares of Progressive from $161.00 to $216.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Finally, HSBC increased their price objective on shares of Progressive from $174.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $214.88. Get Our Latest Research Report on PGR Progressive Profile (Free Report) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.
Q2 2024 Earnings Estimate for The Progressive Co. Issued By William Blair (NYSE:PGR)
The Progressive Co. (NYSE:PGR – Free Report) – Equities researchers at William Blair increased their Q2 2024 earnings estimates for Progressive in a research report issued to clients and investors on Wednesday, May 15th. William Blair analyst A. Klauber now expects that the insurance provider will post earnings per share of $2.36 for the quarter, up from their previous estimate of $1.97. The consensus estimate for Progressive’s current full-year earnings is $11.53 per share. William Blair also issued estimates for Progressive’s Q2 2025 earnings at $2.46 EPS and FY2025 earnings at $12.95 EPS. Progressive (NYSE:PGR – Get Free Report) last issued its earnings results on Friday, April 12th. The insurance provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.74. Progressive had a net margin of 8.89% and a return on equity of 29.43%. The firm had revenue of $18.96 billion for the quarter, compared to analysts’ expectations of $16.88 billion. During the same quarter last year, the company posted $0.65 earnings per share. Progressive’s revenue was up 17.7% on a year-over-year basis. PGR has been the topic of a number of other research reports. The Goldman Sachs Group raised their price objective on shares of Progressive from $161.00 to $216.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. UBS Group lifted their price target on shares of Progressive from $216.00 to $218.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Citigroup lifted their price target on shares of Progressive from $202.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Roth Mkm lifted their price target on shares of Progressive from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, HSBC lifted their price objective on shares of Progressive from $174.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $214.88. View Our Latest Stock Analysis on PGR Progressive Stock Performance Shares of NYSE PGR opened at $209.22 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $208.37 and its two-hundred day moving average price is $183.91. Progressive has a 52-week low of $111.41 and a 52-week high of $217.77. The stock has a market capitalization of $122.54 billion, a P/E ratio of 21.41, a P/E/G ratio of 0.81 and a beta of 0.34. Progressive Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, July 3rd. Progressive’s dividend payout ratio (DPR) is presently 4.09%. Insider Buying and Selling In related news, insider Steven Broz sold 7,361 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $207.25, for a total value of $1,525,567.25. Following the completion of the transaction, the insider now owns 35,503 shares of the company’s stock, valued at $7,357,996.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Patrick K. Callahan sold 29,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the completion of the sale, the insider now owns 15,189 shares of the company’s stock, valued at $2,889,859.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven Broz sold 7,361 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $207.25, for a total transaction of $1,525,567.25. Following the sale, the insider now directly owns 35,503 shares of the company’s stock, valued at approximately $7,357,996.75. The disclosure for this sale can be found here. Insiders sold 46,500 shares of company stock valued at $8,983,706 over the last quarter. Corporate insiders own 0.34% of the company’s stock. Institutional Trading of Progressive Hedge funds have recently modified their holdings of the company. Sachetta LLC bought a new position in Progressive in the fourth quarter valued at approximately $25,000. Northwest Bank & Trust Co bought a new position in shares of Progressive during the fourth quarter worth $25,000. Valley National Advisers Inc. boosted its position in shares of Progressive by 143.6% during the fourth quarter. Valley National Advisers Inc. now owns 190 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 112 shares in the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Progressive during the first quarter worth $32,000. Finally, Register Financial Advisors LLC bought a new position in shares of Progressive during the first quarter worth $35,000. Institutional investors and hedge funds own 85.34% of the company’s stock. About Progressive (Get Free Report) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.
