Progressive Co.2023 年第一季度每股收益（纽约证券交易所代码：PGR）被杰富瑞金融集团下跌|Group_新浪财经

The Progressive Co. (NYSE:PGR – Get Rating) – Stock analysts at Jefferies Financial Group lowered their Q1 2023 EPS estimates for shares of Progressive in a report issued on Wednesday, February 15th. Jefferies Financial Group analyst Y. Kinar now forecasts that the insurance provider will post earnings per share of $1.59 for the quarter, down from their prior estimate of $1.91. The consensus estimate for Progressive's current full-year earnings is $6.73 per share. Jefferies Financial Group also issued estimates for Progressive's Q2 2023 earnings at $1.71 EPS and Q4 2023 earnings at $1.93 EPS.

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A number of other analysts have also recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Progressive from $155.00 to $165.00 in a research note on Thursday. StockNews.com upgraded shares of Progressive from a "hold" rating to a "buy" rating in a research note on Thursday, January 26th. Wells Fargo & Company raised their price target on shares of Progressive from $114.00 to $116.00 and gave the stock an "underweight" rating in a research report on Thursday, January 26th. Piper Sandler raised shares of Progressive from an "underweight" rating to a "neutral" rating and raised their target price for the company from $133.00 to $138.00 in a report on Monday, February 13th. Finally, TheStreet raised shares of Progressive from a "c+" rating to a "b-" rating in a report on Friday, November 4th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $130.31.

Progressive Stock Performance

NYSE PGR opened at $141.52 on Monday. The firm has a 50-day moving average of $132.71 and a 200-day moving average of $127.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $82.80 billion, a PE ratio of 119.93, a P/E/G ratio of 0.89 and a beta of 0.48. Progressive has a 52-week low of $100.81 and a 52-week high of $143.67.

Institutional Trading of Progressive

Several hedge funds have recently modified their holdings of PGR. Vanguard Group Inc. increased its stake in Progressive by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 49,886,303 shares of the insurance provider's stock valued at $5,797,287,000 after purchasing an additional 520,346 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Progressive by 5.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,573,997 shares of the insurance provider's stock valued at $1,630,973,000 after purchasing an additional 608,635 shares in the last quarter. Geode Capital Management LLC increased its stake in Progressive by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 11,304,331 shares of the insurance provider's stock valued at $1,464,343,000 after purchasing an additional 65,773 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Progressive by 0.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 9,823,219 shares of the insurance provider's stock valued at $1,141,556,000 after purchasing an additional 66,243 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Progressive by 5.7% during the 4th quarter. Alliancebernstein L.P. now owns 9,326,926 shares of the insurance provider's stock valued at $1,209,796,000 after purchasing an additional 502,985 shares in the last quarter. Institutional investors own 83.19% of the company's stock.

Insider Transactions at Progressive

In other news, insider Steven Broz sold 5,170 shares of Progressive stock in a transaction on Friday, December 16th. The shares were sold at an average price of $127.07, for a total value of $656,951.90. Following the completion of the sale, the insider now owns 26,323 shares in the company, valued at approximately $3,344,863.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Steven Broz sold 5,170 shares of Progressive stock in a transaction on Friday, December 16th. The shares were sold at an average price of $127.07, for a total value of $656,951.90. Following the completion of the sale, the insider now owns 26,323 shares in the company, valued at approximately $3,344,863.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Susan Patricia Griffith sold 26,885 shares of Progressive stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $130.36, for a total transaction of $3,504,728.60. Following the completion of the sale, the chief executive officer now owns 431,810 shares of the company's stock, valued at approximately $56,290,751.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,559 shares of company stock worth $5,260,069. Company insiders own 0.37% of the company's stock.

Progressive Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, January 6th were given a $0.10 dividend. The ex-dividend date was Thursday, January 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.28%. Progressive's dividend payout ratio (DPR) is currently 33.90%.

About Progressive

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Progressive Corp. is an insurance holding company. 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 and Property.