Progressive opened higher at $234.57, compared with its previous close of $230.18. In the last trading session, the stock traded between $231.10 and $235.36. It showed a sideways intraday trend.
return calculator
Time Period
An investment of $100 made 5 years ago in Progressive is now worth
$ 244.26
giving a profit of
$ 144.26 (144.26%)
invest with $1
Note: Past profits do not guarantee future returns.
Earnings per share of $4.60 beat consensus estimate of $4.36. Quarterly sales of $21.869 billion missed analyst estimate of $22.495 billion. Shares rose 2.2% to $218.25 following the results. KBW lowered price target to $246; Wells Fargo cut target to $196.
15 days ago
14Jul
JP Morgan downgrades Progressive to Neutral, sets $250 target
JP Morgan analyst Jimmy Bhullar downgraded Progressive from Overweight to Neutral and set a $250 price target. The shift suggests the stock is now expected to perform in line with the market.
3mo ago
6Jul
HSBC raises Progressive price target to $221, maintains Hold
HSBC analyst Vikram Gandhi maintains a Hold rating on Progressive and raises the price target to $221 from $214.
3mo ago
1Jul
Progressive stock returns 17.68% annually over 5 years
Progressive outperformed the market over the past 5 years with an average annual return of 17.68%. The company currently holds a market capitalization of $128.38 billion. An investment of $1000 made five years ago would be valued at $2,234.04 today.
4mo ago
18Jun
Keefe raises Progressive price target to $210
Keefe, Bruyette & Woods analyst Meyer Shields maintained Progressive with a Market Perform rating and raised the price target to $210 from $208.
4mo ago
18Jun
Wells Fargo maintains Equal-Weight on Progressive, lowers target to $219
Wells Fargo analyst Elyse Greenspan maintained an Equal-Weight rating on Progressive and lowered the price target to $219 from $222, reflecting a reassessment of the insurer's market position and near-term growth expectations.
