Headlines about Progressive (NYSE:PGR) have trended positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Progressive earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 46.7012528989771 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
Several brokerages have commented on PGR. UBS Group reiterated a “buy” rating and issued a $62.00 price target on shares of Progressive in a research note on Friday, December 1st. Citigroup increased their price target on shares of Progressive from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, October 18th. Wells Fargo & Co set a $47.00 price objective on Progressive and gave the company a “hold” rating in a report on Tuesday, October 17th. MKM Partners increased their price objective on Progressive to $60.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, B. Riley reissued a “neutral” rating on shares of Progressive in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.53.
Progressive (NYSE PGR) opened at $53.22 on Wednesday. The firm has a market capitalization of $30,469.44, a price-to-earnings ratio of 21.29, a PEG ratio of 2.09 and a beta of 0.82. Progressive has a 52-week low of $37.29 and a 52-week high of $58.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.37 and a quick ratio of 0.50.
Progressive (NYSE:PGR) last posted its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. Progressive had a return on equity of 15.96% and a net margin of 5.93%. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. sell-side analysts forecast that Progressive will post 3.41 EPS for the current year.
The firm also recently declared an annual dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 2nd were paid a $1.125 dividend. This represents a yield of 0.0203325501536237%. The ex-dividend date was Thursday, February 1st. Progressive’s payout ratio is 41.18%.
In other Progressive news, insider William M. Cody sold 25,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $56.10, for a total value of $1,402,500.00. Following the sale, the insider now directly owns 137,722 shares of the company’s stock, valued at approximately $7,726,204.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.
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The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments.
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