Today, the Claims President of Progressive (PGR), Michael Sieger, sold shares of PGR for $593.6K.
Following Michael Sieger’s last PGR Sell transaction on March 05, 2019, the stock climbed by 8.0%. In addition to Michael Sieger, 2 other PGR executives reported Sell trades in the last month.
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Based on Progressive’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $9.32 billion and quarterly net profit of $1.08 billion. In comparison, last year the company earned revenue of $7.42 billion and had a net profit of $718 million. PGR’s market cap is $46.76B and the company has a P/E ratio of 15.99. Currently, Progressive has an average volume of 2.47M.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $81.50, reflecting a 1.3% upside.
The insider sentiment on Progressive has been negative according to 112 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.
