Media headlines about Progressive (NYSE:PGR) have been trending positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Progressive earned a news impact score of 0.26 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 47.1890702050993 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Must Read For Day Traders – The Progressive Corporation (PGR), Chico’s FAS, Inc. (CHS) – Market Movers (financialqz.com)
- The Progressive Corporation (PGR) Stock with Gloomy EPS Growth For This Year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Do Investors Feel Confident About Stock’s Future Direction? – The Progressive Corporation (NYSE: PGR) – Alpha Beta Stock (alphabetastock.com)
- Progressive Reports January 2018 Results (finance.yahoo.com)
- CNBC IQ 100: Progressive up over 4% (finance.yahoo.com)
Progressive (NYSE:PGR) traded up $0.23 during midday trading on Thursday, reaching $56.53. 254,587 shares of the company’s stock were exchanged, compared to its average volume of 4,057,696. Progressive has a 52 week low of $38.27 and a 52 week high of $58.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.37 and a quick ratio of 0.50. The firm has a market capitalization of $30,958.07, a PE ratio of 20.70, a P/E/G ratio of 2.12 and a beta of 0.82.
The company also recently announced an annual dividend, which was paid on Friday, February 9th. Investors of record on Friday, February 2nd were paid a dividend of $1.125 per share. The ex-dividend date was Thursday, February 1st. This represents a dividend yield of 0.0203325501536237%. Progressive’s payout ratio is 41.18%.
PGR has been the subject of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $58.00 target price on shares of Progressive in a report on Friday, November 17th. B. Riley reissued a “hold” rating and issued a $46.00 price target on shares of Progressive in a report on Wednesday, November 15th. Credit Suisse Group reissued a “hold” rating and issued a $48.00 price target on shares of Progressive in a report on Friday, December 15th. MKM Partners lifted their target price on shares of Progressive from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Wells Fargo & Co set a $50.00 target price on shares of Progressive and gave the stock a “hold” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $50.65.
In related news, insider William M. Cody sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the sale, the insider now directly owns 137,722 shares in the company, valued at $7,726,204.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by corporate insiders.
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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.
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