Large-cap Finance company Progressive has logged a -12.6% change today on a trading volume of 7,851,706. The average volume for the stock is 2,710,491.
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. Based in Mayfield, United States the company has 55,100 full time employees and a market cap of $68,178,907,136. Progressive currently offers its equity investors a dividend that yields 0.3% per year.
The company is now trading -21.78% away from its average analyst target price of $147.67 per share. The 15 analysts following the stock have set target prices ranging from $120.0 to $205.0, and on average give Progressive a rating of hold.
The stock's 52 week high is $149.87 whereas its 52 week low is $109.42 per share. With its net margins declining an average -38.5% over the last 4 years, Progressive may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | 49,586,400 | 721,500 | 1.46 | -79.23 |
| 2021-12-31 | 47,676,500 | 3,350,900 | 7.03 | -47.46 |
| 2020-12-31 | 42,638,100 | 5,704,600 | 13.38 | 31.43 |
| 2019-12-31 | 38,997,700 | 3,970,300 | 10.18 | n/a |
