During the recent session, Progressive Corp (NYSE:PGR)’s traded shares were 1.34 million, with the beta value of the company hitting 0.40. At the last check today, the stock’s price was $262.22, reflecting an intraday gain of 0.73% or $1.89. The 52-week high for the PGR share is $292.99, that puts it down -11.73 from that peak though still a striking 23.31% gain since the share price plummeted to a 52-week low of $201.10. The company’s market capitalization is $153.72B, and the average intraday trading volume over the past 10 days was 3.48 million shares, and the average trade volume was 3.31 million shares over the past three months.
Progressive Corp (PGR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.87. PGR has a Sell rating from 1 analyst(s) out of 17 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it.
Progressive Corp (NYSE:PGR) trade information
Progressive Corp (PGR) registered a 0.73% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.73% in intraday trading to $262.22, hitting a weekly high. The stock’s 5-day price performance is -2.31%, and it has moved by -8.20% in 30 days. Based on these gigs, the overall price performance for the year is 28.29%. The short interest in Progressive Corp (NYSE:PGR) is 6.85 million shares and it means that shorts have 2.56 day(s) to cover.
The consensus price target of analysts on Wall Street is $329, which implies an increase of 20.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $328 and $330 respectively. As a result, PGR is trading at a discount of -25.85% off the target high and -25.09% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.48%. While earnings are projected to return 16.26% in 2025, the next five years will return 6.32% per annum.
PGR Dividends
Progressive Corp is due to release its next quarterly earnings on 2025-Apr-16. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Progressive Corp is 0.40, with the dividend yield indicating at 0.15 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.6%.
The next largest institutional holding, with 48.46 million shares, is of BLACKROCK INC.’s that is approximately 8.2778% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.07 billion.
