2 weeks Ago By Defense World Staff
Progressive (NYSE:PGR – Free Report) had its price target increased by BMO Capital Markets from $282.00 to $288.00 in a report released on Thursday,Benzinga reports.
They currently have an outperform rating on the insurance provider’s stock.Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $288.
00 price objective on shares of Progressive in a research report on Thursday. Bank of America raised their price objective on Progressive from $289.00 to $297.
00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on Progressive from $267.
00 to $287.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Barclays lifted their price target on shares of Progressive from $285.
00 to $297.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Finally, Roth Mkm upped their price objective on shares of Progressive from $290.
00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock.
According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $285.76.Check Out Our Latest Stock Report on PGRProgressive Trading Down 3.
5 %Shares of PGR stock opened at $265.45 on Thursday. Progressive has a fifty-two week low of $201.
34 and a fifty-two week high of $292.99. The company has a debt-to-equity ratio of 0.
27, a quick ratio of 0.30 and a current ratio of 0.31.
The stock has a 50 day simple moving average of $273.91 and a two-hundred day simple moving average of $257.86.
The company has a market cap of $155.62 billion, a P/E ratio of 18.43, a PEG ratio of 1.
70 and a beta of 0.38. Progressive (NYSE:PGR – Get Free Report) last released its quarterly earnings data on Wednesday, April 16th.
The insurance provider reported $4.65 earnings per share for the quarter, beating the consensus estimate of $4.28 by $0.
37. The company had revenue of $22.21 billion during the quarter, compared to analyst estimates of $21.
87 billion. Progressive had a net margin of 11.25% and a return on equity of 33.
79%. Research analysts forecast that Progressive will post 14.68 earnings per share for the current year.
Progressive Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were issued a dividend of $0.10 per share.
The ex-dividend date was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.
15%. Progressive’s dividend payout ratio (DPR) is currently 2.70%.
Insider Buying and Selling at ProgressiveIn other Progressive news, CAO Mariann Wojtkun Marshall sold 585 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $243.29, for a total value of $142,324.
65. Following the transaction, the chief accounting officer now directly owns 3,983 shares in the company, valued at $969,024.07.
The trade was a 12.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Also, CFO John P. Sauerland sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $275.
94, for a total transaction of $2,759,400.00. Following the sale, the chief financial officer now owns 258,024 shares of the company’s stock, valued at approximately $71,199,142.
56. The trade was a 3.73 % decrease in their position.
The disclosure for this sale can be found here. Insiders sold 56,317 shares of company stock worth $14,844,282 in the last quarter. 0.
34% of the stock is currently owned by company insiders. Institutional Inflows and OutflowsInstitutional investors and hedge funds have recently made changes to their positions in the company. Webster Bank N.
A. bought a new position in Progressive during the fourth quarter worth about $26,000. Highline Wealth Partners LLC lifted its stake in shares of Progressive by 114.
0% during the 1st quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Hager Investment Management Services LLC bought a new position in Progressive in the 4th quarter worth approximately $28,000.
Atlantic Edge Private Wealth Management LLC grew its stake in Progressive by 54.7% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock valued at $28,000 after buying an additional 41 shares in the last quarter.
Finally, Minot DeBlois Advisors LLC bought a new stake in Progressive during the 4th quarter valued at $28,000. Institutional investors own 85.34% of the company’s stock.
Progressive Company Profile (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.See AlsoFive stocks we like better than ProgressiveWhere Do I Find 52-Week Highs and Lows?J.
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