News articles about Progressive Corporation (The) (NYSE:PGR) have trended very positive on Thursday, according to AlphaOne. The research group, a service of Accern, ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Progressive Corporation (The) earned a media sentiment score of 0.52 on AlphaOne’s scale. AlphaOne also gave news coverage about the insurance provider an impact score of 59 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted AlphaOne’s rankings:

Insider Buying and Selling by Quarter for Progressive Corporation (The) (NYSE:PGR)

A number of research firms recently commented on PGR. Credit Suisse Group set a $33.00 price objective on Progressive Corporation (The) and gave the company a “sell” rating in a research report on Saturday, March 4th. MKM Partners reiterated a “buy” rating and set a $50.00 price objective (up previously from $45.00) on shares of Progressive Corporation (The) in a research report on Friday, June 9th. Wells Fargo & Company reiterated a “hold” rating on shares of Progressive Corporation (The) in a research report on Saturday, March 18th. Barclays PLC reiterated a “sell” rating and set a $33.00 price objective on shares of Progressive Corporation (The) in a research report on Sunday, February 19th. Finally, FBR & Co upped their price target on Progressive Corporation (The) from $30.00 to $35.00 and gave the stock a “mkt perform” rating in a research report on Monday, April 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $39.62.

Progressive Corporation (PGR) opened at 44.41 on Thursday. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 21.67 and a beta of 0.80. Progressive Corporation has a 52 week low of $30.54 and a 52 week high of $44.52. The company’s 50-day moving average price is $41.52 and its 200-day moving average price is $38.55.

Progressive Corporation (The) (NYSE:PGR) last issued its quarterly earnings results on Tuesday, April 18th. The insurance provider reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by $0.01. Progressive Corporation (The) had a net margin of 4.95% and a return on equity of 13.99%. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.49 billion. During the same period last year, the company earned $0.44 earnings per share. Progressive Corporation (The)’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts forecast that Progressive Corporation will post $2.36 earnings per share for the current fiscal year.

In other news, insider Steven Broz sold 1,100 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $41.55, for a total value of $45,705.00. Following the completion of the transaction, the insider now owns 8,955 shares in the company, valued at approximately $372,080.25. The sale was disclosed in a filing with the SEC, which is available at this link. 0.56% of the stock is owned by corporate insiders.

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Progressive Corporation (The) Company Profile

The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments.

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