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Friday, September 29, 2023

Is The Progressive Corporation (NYSE: PGR) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for The Progressive Corporation (PGR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.41, or -0.30%, to $137.00. The The Progressive Corporation has recorded 64,176 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Progressive Reports July 2023 Results.

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Stocks Info

The Progressive Corporation is listed on the NYSE in the Financial sector while operating in the Insurance – Property & Casualty industry. At the end of the last regular session, the stock closed at $137.41 and fluctuated between $138.37 as its day high and $135.27 as its day low. The current market capitalization of The Progressive Corporation is $79.21B. A total of 2.19 million shares were traded on the day, compared to an average of 2.71M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PGR has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 4,908 and the disposition of 29,616 shares. Over the last 12 months, there were 29 BUYs and 57 SELLs from insiders. Insiders purchased 196,699 shares during that period but sold 332,030.

In the most recent transaction, Snyder Barbara R sold 21,731 shares of PGR for 133.09 per share on Aug 30. After the transaction, the Director now owns 6,610 company shares. In a previous transaction on Aug 24, Sauerland John P sold 12,000 shares at 130.46 per share. PGR shares that VP and Chief Financial Officer owns now total 297,507.

Among the insiders who sold shares, Quigg Andrew J disposed of 5,070 shares on Aug 03 at a per-share price of $127.50. This resulted in the Chief Strategy Officer holding 20,816 shares of PGR after the transaction. In another insider transaction, Sauerland John P sold 12,000 shares at $126.51 per share on Jul 27. Company shares held by the VP and Chief Financial Officer now total 309,507.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. The Progressive Corporation pays an annual dividend of $0.40, resulting in a dividend yield of 0.29%, and it has a price to earnings (P/E) ratio of 47.35. PGR’s most recent ex-dividend date was 10/4/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 10/13/2023. Previously, the company paid the dividend on 7/14/2023 with an ex-dividend date of 7/6/2023. The PGR stock dividend was $0.10 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PGR in the last 3 months, the mean price target is $139.24 with high estimates of $208.00 and low estimates of $106.00. In terms of 52-week highs and lows, PGR has a high of $149.87 and a low of $110.04.

As of this writing, PGR has an earnings estimate of $1.66 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $2.21 per share and a lower estimate of $1.06. The company reported an EPS of $0.65 in the last quarter, which was -52.60% lower than expectations of $1.37.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PGR’s latest balance sheet shows that the firm has $44.82B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $27.73, while its Total Shareholder’s Equity was $18.23B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PGR is Buy with a score of 3.50.

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