There’s No Need To Panic Or Freeze When It Comes To Progressive Corp. (NYSE: PGR)

After Hours

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.

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Stocks Info

PGR belongs to the Financial sector of the NYSE while operating in the Insurance – Property & Casualty industry. The current market capitalization of Progressive Corp. is $122.03B. A total of 2.92 million shares were traded on the day, compared to an average of 2.69M shares.

In the most recent transaction, Bailo Karen sold 8,464 shares of PGR for 189.49 per share on Mar 05 ’24. After the transaction, the Commercial Lines President now owns 32,342 company shares. In a previous transaction on Feb 21 ’24, Callahan Patrick K sold 29,675 shares at 190.26 per share. PGR shares that Personal Lines President owns now total 15,189.

Among the insiders who sold shares, Griffith Susan Patricia disposed of 5,939 shares on Jan 17 ’24 at a per-share price of $169.24. This resulted in the President and CEO holding 465,737 shares of PGR after the transaction. In another insider transaction, Niederst Lori A sold 1,293 shares at $169.24 per share on Jan 17 ’24. Company shares held by the CRM President now total 39,040.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Progressive Corp. pays an annual dividend of $1.15, resulting in a dividend yield of 0.55%, and it has a price to earnings (P/E) ratio of 21.33. PGR’s most recent ex-dividend date was 4/3/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 4/12/2024. Previously, the company paid the dividend on 1/26/2024 with an ex-dividend date of 1/18/2024. The PGR stock dividend was $0.10 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PGR has a high of $212.24 and a low of $110.92.

As of this writing, PGR has an earnings estimate of $Procter & Gamble Company (The) per share for the current quarter. EPS was calculated based on a consensus of Petroleo Brasileiro S.A.- Petro estimates, with a high estimate of $Pagaya Technologies Ltd. per share and a lower estimate of $Progressive Corporation (The).

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PGR’s latest balance sheet shows that the firm has $45.00B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $33.80, while its Total Shareholder’s Equity was $18.23B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.16.

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