Somewhat Positive Press Coverage Somewhat Unlikely to Affect Progressive Corporation (The) (PGR) Stock Price

News headlines about Progressive Corporation (The) (NYSE:PGR) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Progressive Corporation (The) earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.7874862331838 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Progressive Corporation (NYSE:PGR) opened at $50.75 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $29,517.92, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.93 and a beta of 0.92. Progressive Corporation has a 1 year low of $32.41 and a 1 year high of $51.00.

Progressive Corporation (The) (NYSE:PGR) last issued its quarterly earnings results on Tuesday, October 17th. The insurance provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.07. The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.04 billion. Progressive Corporation (The) had a return on equity of 15.40% and a net margin of 5.41%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. equities analysts anticipate that Progressive Corporation will post 2.36 earnings per share for the current year.

A number of equities analysts recently weighed in on PGR shares. ValuEngine raised Progressive Corporation (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Progressive Corporation (The) from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Wednesday, August 2nd. BidaskClub lowered Progressive Corporation (The) from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods restated a “buy” rating and set a $48.00 price objective on shares of Progressive Corporation (The) in a research report on Tuesday, July 25th. Finally, UBS AG decreased their price objective on Progressive Corporation (The) from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Progressive Corporation (The) has an average rating of “Hold” and a consensus target price of $46.44.

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In other Progressive Corporation (The) news, CFO John P. Sauerland sold 50,000 shares of Progressive Corporation (The) stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $48.65, for a total value of $2,432,500.00. Following the transaction, the chief financial officer now directly owns 370,364 shares of the company’s stock, valued at approximately $18,018,208.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey W. Basch sold 9,000 shares of Progressive Corporation (The) stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $48.23, for a total value of $434,070.00. Following the completion of the transaction, the insider now directly owns 70,965 shares in the company, valued at $3,422,641.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,250 shares of company stock worth $5,220,983. Company insiders own 0.56% of the company’s stock.

About Progressive Corporation (The)

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.

Insider Buying and Selling by Quarter for Progressive Corporation (The) (NYSE:PGR)

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