How to Buy Progressive Stock
Progressive Corp
Progressive is a property & casualty insurance company located in Ohio, United States, which is part of the Financial Services sector, and is traded under the ticker PGR on the NYSE exchange.
Progressive stock last closed at $209.25, down 2.07% from the previous day, and has increased 58.52% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 0.34 percentage points. Progressive stock is currently +87.82% from its 52-week low of $111.41, and -3.91% from its 52-week high of $217.77.
There are currently 585.7M PGR shares outstanding. The market capitalization of PGR is $122.56B. In the last 24 hours, 3.64M PGR shares were traded.
How to Buy Progressive Stock
Not sure how to invest in Progressive stock? Here's how.
- Figure out where to buy Progressive stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Progressive stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your method of payment and add your information.
- Research Progressive stock: The Progressive ticker symbol is PGR. Is Progressive stock a good investment? Should you buy shares of PGR? How do PGR's underlying business fundamentals look? Do top analysts think Progressive is a good buy? Why has PGR's stock price moved recently? (Hint: Our stock market analysis website can help you understand if PGR is a good stock to buy).
- Place your PGR trade: Decide if you will purchase PGR shares at the current market price or use a limit order to buy PGR stock at a particular price.
- Keep tabs on your PGR position: Create a watchlist to watch your investment in Progressive shares.
Step 1: Figure out where to buy Progressive stock
You will need an online brokerage account in order to access the NYSE market and buy PGR stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you can buy PGR today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on stock market apps, you can securely and quickly fund your account:
Check out the video below for more details depositing funds into your new brokerage account.
Step 4: Research Progressive stock
Once you have chosen the best place to buy Progressive stock, it's absolutely critical to research their stock prior to buying, so you can wrap your head around the risk as well as the opportunity.
Progressive shares at a glance
Progressive Fundamentals
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on PGR's stock page.
Is PGR stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge PGR's intrinsic value.
Using relative valuations measures:
- PGR may be overvalued based on its P/E ratio of 21.35x, relative to Insurance - Property & Casualty industry P/E ratio of 17.1x
- PGR could be overvalued based on its P/B ratio of 5.62x, relative to Insurance - Property & Casualty industry P/B ratio of 2.16x
You can do additional valuation analysis on PGR's stock here.
Is PGR a healthy company?
Passed Financial Due Diligence Checks:
- PGR's operating cash flow of $12.43B allows it to safely service it's debt of $6.89B.
- PGR profit margin has gone up from 1.6% to 8.8% in the past year.
- PGR earnings of $7.55B is not sufficient to cover its interest payments.
Failed Financial Due Diligence Checks:
- PGR has a relatively high debt to equity ratio of 3.32.
- Total PGR debt is higher than 5 years ago, relative to shareholder equity.
Is Progressive stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 15 Equities analysts who track PGR, the consensus analyst rating on Progressive is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest PGR Analyst Forecasts
Elyse Greenspan, a top 2% analyst from Wells Fargo maintains PGR with a strong buy rating and raises their PGR price target from $232.00 to $238.00, on Apr 11, 2024.
Meyer Shields, a top 7% analyst from Keefe, Bruyette & Woods maintains PGR with a hold rating and raises their PGR price target from $190.00 to $200.00, on Apr 10, 2024.
Jimmy Bhullar, a top 33% analyst from JP Morgan maintains PGR with a strong buy rating and raises their PGR price target from $171.00 to $202.00, on Apr 8, 2024.
Paul Newsome, a top 8% analyst from Piper Sandler maintains PGR with a strong buy rating and maintains their PGR price target from $240.00 to $240.00, on Apr 1, 2024.
Vikram Gandhi, a top 43% analyst from HSBC maintains PGR with a hold rating and raises their PGR price target from $174.00 to $200.00, on Mar 28, 2024.
You can dig deeper into what analysts are saying on the Progressive stock forecast page.
PGR Technical Indicators
PGR Performance Numbers
Last year, PGR earnings were $5.74B. During the last five year, PGR's earnings have increased by 14.13% per year. This was slower than the Insurance - Property & Casualty industry average of 18.23%.
Last year, PGR revenue was $65.05B. During the last five year, PGR's revenue has gone up by 13.96% per year. This was faster than the Insurance - Property & Casualty industry average of 11.25%.
You can analyze PGR's earnings and revenue performance here.
Are PGR insiders buying or selling the stock?
Over the last 12 months, insiders at PGR have sold more shares than they have bought.
Devin C. Johnson, Director of PGR, was the latest PGR insider to sell. They sold $208,326.00 worth of PGR stock on Apr 17, 2024.
Research more about who owns PGR stock here.
Can I get consistent income from PGR stock?
Progressive pays a dividend of 0.55%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.53%. If you owned $1,000 of PGR stock, you would have received $5.50 last year.
Progressive dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Progressive dividend yield and history here.
What do other traders have to say about PGR?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your PGR trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place the order.
If you want additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your PGR position
Now that you own some PGR shares, you'll want to keep up with your new stock purchase.
Create a watchlist to keep tabs on your PGR stock.
PGR Feed
How to Buy Stock in Progressive
To reiterate, here are the 6 steps for buying Progressive stock:
- Figure out where to buy Progressive stock
- Sign up for a brokerage account
- Fund your investment account
- Research Progressive stock
- Place your PGR trade
- Keep tabs on your PGR position
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Progressive, add PGR to your watchlist by clicking the button below.
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