Today, a Director at Progressive (PGR), Barbara Snyder, bought shares of PGR for $19.66K.
Following Barbara Snyder’s last PGR Buy transaction on February 13, 2018, the stock climbed by 17.9%. This recent transaction increases Barbara Snyder’s holding in the company by 2.43% to a total of $850.9K.
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Based on Progressive’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $8.51 billion and quarterly net profit of $928 million. In comparison, last year the company earned revenue of $7.12 billion and had a net profit of $576 million. PGR’s market cap is $40.33B and the company has a P/E ratio of 13.97. Currently, Progressive has an average volume of 4.76M.
Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $73.17, reflecting a 5.6% upside. Five different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $1.2M worth of PGR shares and purchased $19.66K worth of PGR shares. The insider sentiment on Progressive has been negative according to 93 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, Property, and Other Indemnity.
