Progressive Corp. (NYSE:PGR) shares traded 1.04% higher at $236.77 on Wall Street last session.
PGR stock price is now 11.01% away from the 50-day moving average and 23.36% away from the 200-day moving average. The market capitalization of the company currently stands at $138.67B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $230 to $262, Goldman Upgraded its rating from Neutral to Buy for Progressive Corp. (NYSE: PGR). On August 12, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $253, while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, Murphy John Jo, Officer bought 9,512 shares of the company’s stock on Aug 15 ’24. The stock was bought for $2,259,100 at an average price of $237.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 22 ’24, VP and Chief Financial Officer Sauerland John P sold 22,708 shares of the business’s stock. A total of $4,859,739 was realized by selling the stock at an average price of $214.01. This leaves the insider owning 302,958 shares of the company worth $71.73 million. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, Progressive Corp. has had a low of $123.51 and a high of $234.74. According to the stock market information, the enterprise value for the company is $143312224256, which is based on a 20.26 price-to-earnings ratio, a 0.49 price-to-earnings-growth ratio, and a beta of 0.32. The fifty day moving average price for PGR is $213.2854 and a two-hundred day moving average price translates $192.1335 for the stock.
The latest earnings results from Progressive Corp. (NYSE: PGR) was released for 2024-06-30. The net profit margin was 10.12% and return on equity was 34.45% for PGR.
