(NYSE:PGR) last released its quarterly earnings results on Thursday, July 14th.
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Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. Citigroup Inc. downgraded Progressive Corp. from a “neutral” rating to a “sell” rating and dropped their price target for the company from $36.00 to $31.00 in a research report on Thursday, June 2nd. The median 12-month price target of 16 analysts covering the company is $31.50, which suggests the stock could still gain more than 1 percent. During the same quarter in the previous year, the company earned $0.62 EPS. The insurance provider added that its Aug.net earnings slumped 51% year-over-year to $49.3 million or $0.08 per share from $101.5 million or $0.17 per share. Finally, William Blair reiterated an “outperform” rating on shares of Progressive Corp.in a research report on Saturday. (NYSE:PGR) opened at 31.50 on Tuesday. Progressive Corp (NYSE:PGR) has declined 0.45% since February 10, 2016 and is downtrending. The company traded 4.49 million shares versus it average capacity of 2.64 million shares. Credit Suisse Group AG set a $28.00 price target on Progressive Corp. and gave the stock a “sell” rating in a research note on Tuesday, August 23rd. The figure is the consensus from all of the firms that have issued estimates on the company. MKM Partners reiterated a “buy” rating and set a $40.00 price target on shares of Progressive Corp.in a research report on Thursday, June 23rd. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. FBR & Co reiterated a “hold” rating on shares of Progressive Corp.in a research report on Thursday, June 16th. Progressive Corp. now has an average rating of “Hold” and an average price target of $32.21. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock.
Shares of Progressive Corp. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention. The firm’s 50-day moving average is $32.86 and its 200-day moving average is $33.16. The company’s total market value is presently $0.0.
Institutional investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC acquired a new stake in shares of Progressive Corp. during the second quarter worth approximately $2,631,000.
These professional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see them taking a postion in a stock you are researching. On an analyst ratings scale of 1 through 5, Progressive Corporation (The) (NYSE:PGR) has a rating of 2.81 comprised of the 9 firms that provided ratings.
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The volatility (week) for Progressive Corp.is at 1.38% and the volatility (month) is at 1.20%. The Companys property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles.
