Progressive Corp (NYSE: PGR) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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 $150.43B. A total of 2.16 million shares were traded on the day, compared to an average of 2.52M shares.

In the most recent transaction, Niederst Lori A sold 3,855 shares of PGR for 247.06 per share on Jan 30 ’25. After the transaction, the CRM President now owns 39,040 company shares. In a previous transaction on Jan 29 ’25, KELLY JEFFREY D sold 10,000 shares at 250.00 per share. PGR shares that Director owns now total 27,741.

Among the insiders who sold shares, Sauerland John P disposed of 10,000 shares on Jan 28 ’25 at a per-share price of $246.69. This resulted in the VP and Chief Financial Officer holding 278,024 shares of PGR after the transaction. In another insider transaction, Niederst Lori A bought 3,856 shares at $247.00 per share on Jan 30 ’25.

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 $4.90, resulting in a dividend yield of 1.91%, and it has a price to earnings (P/E) ratio of 18.65. PGR’s most recent ex-dividend date was 0.16% when it declared a $0.10 quarterly dividend that was paid in cash on 1/9/2025. Previously, the company paid the dividend on 10/3/2024 with an ex-dividend date of 0.2%. 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 $265.62 and a low of $177.38.

As of this writing, PGR has an earnings estimate of $3.76 per share for the current quarter. EPS was calculated based on a consensus of 16.0 estimates, with a high estimate of $4.15 per share and a lower estimate of $3.0.

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 $46.36, 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 4.33.

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