In Friday’s Wall Street session, Progressive Corp (NYSE:PGR) shares traded at $267.85, down -0.21% from the previous session.
PGR stock price is now -2.89% away from the 50-day moving average and 3.42% away from the 200-day moving average. The market capitalization of the company currently stands at $157.02B.
With the price target maintained at $312, BofA Securities recently Upgraded its rating from Neutral to Buy for Progressive Corp (NYSE: PGR). On April 17, 2025, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $288, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Sauerland John P, VP and Chief Financial Officer sold 10,000 shares of the company’s stock on May 28 ’25. The stock was sold for $2,753,700 at an average price of $275.37. Upon completion of the transaction, the VP and Chief Financial Officer now directly owns 238,024 shares in the company, valued at $63.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’25, Chief Information Officer Broz Steven sold 1,267 shares of the business’s stock. A total of $351,985 was realized by selling the stock at an average price of $277.81. This leaves the insider owning 28,888 shares of the company worth $7.74 million. A total of 0.27% of the company’s stock is owned by insiders.
During the past 12 months, Progressive Corp has had a low of $198.56 and a high of $292.99. According to the stock market information, the enterprise value for the company is $161124007936, which is based on a 18.03 price-to-earnings ratio, a 2.68 price-to-earnings-growth ratio, and a beta of 0.39. The fifty day moving average price for PGR is $275.8076 and a two-hundred day moving average price translates $261.1476 for the stock.
The latest earnings results from Progressive Corp (NYSE: PGR) was released for 2025-03-31. The net profit margin was 11.10% and return on equity was 34.34% for PGR. For the current quarter, analysts expect PGR to generate $20.53B in revenue.
