The Street Is Finally Waking Up To Progressive Corp. (NYSE: PGR)

After Hours

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Stocks Info

Progressive Corp. is listed on the NYSE as a member of the Financial sector and is a part of the Insurance – Property & Casualty industry. The current market capitalization of Progressive Corp. is $124.87B. A total of 1.58 million shares were traded on the day, compared to an average of 2.74M shares.

In the most recent transaction, Sauerland John P sold 12,457 shares of PGR for 204.43 per share on May 29 ’24. After the transaction, the VP and Chief Financial Officer now owns 312,958 company shares. In a previous transaction on May 15 ’24, Broz Steven sold 7,361 shares at 207.25 per share. PGR shares that Chief Information Officer owns now total 35,503.

Among the insiders who sold shares, Johnson Devin C disposed of 1,000 shares on Apr 17 ’24 at a per-share price of $208.33. This resulted in the Director holding 7,176 shares of PGR after the transaction. In another insider transaction, Bailo Karen sold 8,464 shares at $189.49 per share on Mar 05 ’24. Company shares held by the Commercial Lines President now total 32,342.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Progressive Corp. pays an annual dividend of $1.15, resulting in a dividend yield of 0.54%, and it has a price to earnings (P/E) ratio of 21.82. PGR’s most recent ex-dividend date was 7/3/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 7/12/2024. Previously, the company paid the dividend on 4/12/2024 with an ex-dividend date of 4/3/2024. The PGR stock dividend was $0.10 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, PGR has a high of $217.77 and a low of $110.92.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $37.24, while its Total Shareholder’s Equity was $18.23B.

Analysts Opinion

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. 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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