Progressive Corp (NYSE:PGR) has a beta value of 0.34 and has seen 1.36 million shares traded in the recent trading session. The company, currently valued at $142.89B, closed the recent trade at $243.74 per share which meant it gained $1.54 on the day or 0.64% during that session. The PGR stock price is -20.21% off its 52-week high price of $292.99 and 16.19% above the 52-week low of $204.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.8 million shares traded. The 3-month trading volume is 3.32 million shares.
The consensus among analysts is that Progressive Corp (PGR) is Buy stock at the moment, with a recommendation rating of 2.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 17 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight.
Progressive Corp (NYSE:PGR) trade information
Sporting 0.64% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PGR stock price touched $243.74 or saw a rise of 2.62%. Year-to-date, Progressive Corp shares have moved 16.42%, while the 5-day performance has seen it change -2.66%. Over the past 30 days, the shares of Progressive Corp (NYSE:PGR) have changed -9.00%. Short interest in the company has seen 6.33 million shares shorted with days to cover at 2.09.
Wall Street analysts have a consensus price target for the stock at $329, which means that the shares’ value could jump 25.91% from the levels at last check today.. The projected low price target is $328.0 while the price target rests at a high of $330.0. In that case, then, we find that the latest price level in today’s session is -35.39% off the targeted high while a plunge would see the stock gain -34.57% from the levels at last check today..
Progressive Corp (PGR) estimates and forecasts
The company’s shares have gained 3.38% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.48% over the past 5 years. Earnings growth for 2025 is a modest 18.46% while over the next 5 years, the company’s earnings are expected to increase by 5.96%.
PGR Dividends
Progressive Corp is expected to release its next earnings report on 2025-Apr-16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.40 at a share yield of 0.16%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.62%.
Progressive Corp (NYSE:PGR)’s Major holders
Insiders own 0.26% of the company shares, while shares held by institutions stand at 88.15% with a share float percentage of 88.39%. Investors are also buoyed by the number of investors in a company, with Progressive Corp having a total of 2452.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 52.22 million shares worth more than $10.85 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.9201% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 48.46 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.07 billion and represent 8.2778% of shares outstanding.
