Media headlines about Progressive (NYSE:PGR) have trended positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Progressive earned a daily sentiment score of 0.30 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 46.4918383198124 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
Shares of NYSE PGR traded down $0.04 during mid-day trading on Monday, hitting $60.00. The company had a trading volume of 2,795,238 shares, compared to its average volume of 3,663,135. The stock has a market capitalization of $34,959.85, a price-to-earnings ratio of 22.81, a PEG ratio of 2.21 and a beta of 0.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.43 and a quick ratio of 0.43. Progressive has a one year low of $38.61 and a one year high of $62.74.
Progressive (NYSE:PGR) last announced its quarterly earnings data on Wednesday, January 24th. The insurance provider reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The company 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%. Progressive’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. sell-side analysts expect that Progressive will post 3.7 EPS for the current year.
PGR has been the subject of a number of recent analyst reports. Wells Fargo set a $55.00 price objective on shares of Progressive and gave the company a “hold” rating in a research report on Wednesday, December 13th. MKM Partners increased their target price on Progressive to $65.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Credit Suisse Group reiterated a “hold” rating and set a $48.00 target price on shares of Progressive in a report on Friday, December 15th. UBS increased their target price on Progressive from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research cut Progressive from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $51.56.
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The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles.
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