Stocks of Progressive Corp. (NYSE:PGR) traded higher last session on Wall Street, down -1.58% to $251.34.
PGR stock price is now 1.53% away from the 50-day moving average and 18.30% away from the 200-day moving average. The market capitalization of the company currently stands at $147.20B.
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With the price target of $367, Barclays recently initiated with Equal Weight rating for Progressive Corp. (NYSE: PGR). On August 15, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $230 to quote $262, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, Van Dyke Kahina, Director sold 2,180 shares of the company’s stock on Sep 27 ’24. The stock was sold for $549,970 at an average price of $252.28. Upon completion of the transaction, the Director now directly owns 13,723 shares in the company, valued at $3.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 27 ’24, Director Van Dyke Kahina bought 2,180 shares of the business’s stock. A total of $549,970 was incurred on buying the stock at an average price of $252.28. A total of 0.28% of the company’s stock is owned by insiders.
During the past 12 months, Progressive Corp. has had a low of $148.48 and a high of $260.46. According to the stock market information, the enterprise value for the company is $153370279936, which is based on a 18.25 price-to-earnings ratio, a 0.46 price-to-earnings-growth ratio, and a beta of 0.35. The fifty day moving average price for PGR is $247.5424 and a two-hundred day moving average price translates $212.50266 for the stock.
The latest earnings results from Progressive Corp. (NYSE: PGR) was released for 2024-09-30. The net profit margin was 11.23% and return on equity was 34.45% for PGR.
