Progressive (PGR) Given Daily Media Sentiment Score of 0.31

News stories about Progressive (NYSE:PGR) have trended positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Progressive earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 46.4636477987945 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

NYSE:PGR traded up $0.19 on Tuesday, hitting $61.91. The company’s stock had a trading volume of 3,991,100 shares, compared to its average volume of 3,439,992. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $36.36 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 2.17 and a beta of 0.66. Progressive has a one year low of $61.65 and a one year high of $62.52.

Progressive (NYSE:PGR) last released its quarterly earnings data on Wednesday, May 2nd. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.10. Progressive had a return on equity of 18.90% and a net margin of 6.75%. equities research analysts expect that Progressive will post 3.92 EPS for the current year.

Several brokerages recently commented on PGR. Wells Fargo set a $61.00 price target on Progressive and gave the company a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research raised Progressive from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Friday, April 20th. UBS increased their price target on Progressive from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. ValuEngine raised Progressive from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, MKM Partners increased their price target on Progressive to $70.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $53.56.

In other Progressive news, insider Steven Broz sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 25th. The stock was sold at an average price of $60.62, for a total value of $121,240.00. Following the sale, the insider now owns 14,073 shares in the company, valued at $853,105.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by corporate insiders.

About Progressive

The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles.

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

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