PGR stock icon

Progressive
PGR

$209.19
0.79%
 

About: Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Employees: 61,400

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 32 analysts
0
News positive %
of 19 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

130% more first-time investments, than exits

New positions opened: 209 | Existing positions closed: 91

53% more funds holding in top 10

Funds holding in top 10: 43 [Q4 2023] → 66 (+23) [Q1 2024]

51% more call options, than puts

Call options by funds: $611M | Put options by funds: $406M

28% more capital invested

Capital invested by funds: $79.7B [Q4 2023] → $102B (+$22B) [Q1 2024]

9% more funds holding

Funds holding: 1,299 [Q4 2023] → 1,417 (+118) [Q1 2024]

6% more repeat investments, than reductions

Existing positions increased: 532 | Existing positions reduced: 502

1.43% less ownership

Funds ownership: 85.48% [Q4 2023] → 84.05% (-1.43%) [Q1 2024]

Research analyst outlook

32 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$164
22%
downside
Avg. target
$224
7%
upside
High target
$286
37%
upside

32 analyst ratings

20 positive
63%
12 neutral
38%
negative
0%
BMO Capital
Michael Zaremski
12%upside
$235
Outperform
Maintained
17 Jun 2024
Citigroup
Michael Ward
11%upside
$232
Neutral
Maintained
17 Jun 2024
Wells Fargo
Elyse Greenspan
21%upside
$254
Overweight
Maintained
17 Jun 2024
Morgan Stanley
Bob Huang
22%upside
$255
Overweight
Maintained
10 Jun 2024
Wells Fargo
Elyse Greenspan
16%upside
$243
Overweight
Maintained
20 May 2024

Financial journalist opinion

Based on 19 articles about PGR published over the past 30 days