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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 $216.30, down 1.39% from the previous day, and has increased 72.71% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 0.57 percentage points. Progressive stock is currently +77.48% from its 52-week low of $121.87, and -5.55% from its 52-week high of $229.00.

There are currently 585.7M PGR shares outstanding. The market capitalization of PGR is $126.69B. In the last 24 hours, 2.89M PGR shares were traded.

How to Buy Progressive Stock

Not sure how to invest in Progressive stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Choose your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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Step 3: Fund your investment account

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Check out the video below for more details depositing funds into your new brokerage account.

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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

PGR Price
$216.30
1w %
-0.37%
1y %
72.71%
5y %
166.97%
P/E
22.07x
P/B
5.81x
P/S
1.95x
PEG
1.81x
Revenue
$65.05B
Earnings
$5.74B
Fore. Rev. Growth
12.98%
Fore. Earn. Growth
13.54%
Market Cap
$126.69B
Next Earnings
Aug 1, 2024
Next Dividend
N/A

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 22.07x, relative to Insurance - Property & Casualty industry P/E ratio of 17.48x
  • PGR could be overvalued based on its P/B ratio of 5.81x, relative to Insurance - Property & Casualty industry P/B ratio of 2.2x
  • PGR may be overvalued based on its PEG ratio of 1.81x

You can access additional valuation research on PGR's stock here.

How do PGR Financials look?

Passed Financial Due Diligence Checks:

  • PGR earnings of $7.55B is not sufficient to cover its interest payments.
  • 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.

Failed Financial Due Diligence Checks:

  • Total PGR debt is higher than 5 years ago, relative to shareholder equity.
  • PGR has a relatively high debt to equity ratio of 3.32.

Is PGR stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 13 Wall Street analysts who give recommendations on PGR, the consensus analyst rating on PGR is a Strong Buy

It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

Latest PGR Analyst Forecasts

Meyer Shields, a top 6% analyst from Keefe, Bruyette & Woods upgrades PGR to a buy rating and raises their PGR price target from $210.00 to $245.00, on Jul 17, 2024.

Jimmy Bhullar, a top 29% analyst from JP Morgan maintains PGR with a strong buy rating and raises their PGR price target from $210.00 to $239.00, on Jul 11, 2024.

Elyse Greenspan, a top 2% analyst from Wells Fargo maintains PGR with a strong buy rating and raises their PGR price target from $243.00 to $254.00, on Jun 17, 2024.

Bob Huang, a top 44% analyst from Morgan Stanley maintains PGR with a strong buy rating and lowers their PGR price target from $256.00 to $255.00, on Jun 10, 2024.

Brian Meredith, a top 6% analyst from UBS maintains PGR with a hold rating and raises their PGR price target from $216.00 to $218.00, on Apr 17, 2024.

You can dive deeper into what analysts are projecting on the Progressive stock forecast page.

PGR Momentum

SMA10
215.32
SMA20
212.51
SMA50
210.3
SMA100
207.84
SMA200
186.47
MACD
2.58
MACD Signal
1.71
MACD Histogram
0.88
RSI
54.53
Stochastic %K
58.46
Stochastic %D
65.06
StochRSI %K
60.25
StochRSI %D
70.19

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 19.18%.

Last year, PGR revenue was $65.05B. During the last 5 year, PGR's revenue has increased by 13.96% per year. This was faster than the Insurance - Property & Casualty industry average of 11.37%.

Dig into PGR's earnings and revenue performance here.

Latest Insiders Trades at PGR

Over the past 12 months, insiders at PGR have sold more shares than they have bought.

Roger N. Farah, Director of PGR, was the latest PGR insider to sell. They sold $1,142,190.13 worth of PGR shares on Jul 18, 2024.

Dig into more about who owns PGR shares here.

Can I get consistent income from PGR stock?

Progressive pays a dividend of 0.53%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.57%. If you owned $1,000 of PGR stock, you would have received $5.32 in the past 12 months.

Progressive dividend payments have not consistently grown over the past decade and have not remained stable.

Find more analysis about Progressive dividend yield and history here.

What others are saying about PGR

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Step 5: Place your PGR trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.

Click the Open Trade button and eToro will place the order.

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Step 6: Keep tabs on your PGR position

Now that you own some PGR shares, you'll want to stay up-to-date on your new investment.

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 to buy Progressive stock:

  1. Figure out where to buy Progressive stock
  2. Sign up for a brokerage account
  3. Fund your investment account
  4. Research Progressive stock
  5. Place your PGR trade
  6. Keep tabs on your PGR position

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Progressive, click the button below.

NYSE: PGR
$216.30-3.05 (-1.39%)
Updated Jul 22, 2024
Open eToro Account
NYSE: PGR
$216.30-3.05 (-1.39%)
Updated Jul 22, 2024
Open eToro Account

FAQ

How much does it cost to buy one Progressive share?

As of Jul 22, 2024, it costs $216.30 to buy one share of Progressive stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.462 shares of PGR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Progressive stock?

According to 13 Wall Street analysts who monitor Progressive, their consensus recommendation is to buy Progressive stock.

What is the best way to buy Progressive stock?

One way to place an order for Progressive stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.