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 $209.03, down 1.31% from the previous day, and has increased 62.91% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 0.38 percentage points. Progressive stock is currently +87.62% from its 52-week low of $111.41, and -3.32% from its 52-week high of $216.21.
There are currently 585.68M PGR shares outstanding. The market capitalization of PGR is $122.42B. In the last 24 hours, 2.02M 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 31.62x, relative to Insurance - Property & Casualty industry P/E ratio of 20.11x
- PGR could be overvalued based on its P/B ratio of 6.04x, relative to Insurance - Property & Casualty industry P/B ratio of 2.18x
- PGR may be overvalued based on its PEG ratio of 2.53x
You can access additional valuation research on PGR's stock here.
How do PGR Financials look?
Passed Financial Due Diligence Checks:
- PGR earnings of $5.17B is not sufficient to cover its interest payments.
- PGR's operating cash flow of $10.64B allows it to safely service it's debt of $6.89B.
- PGR profit margin has gone up from 1.4% to 6.2% 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 3.37.
Is PGR stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 15 Wall Street analysts who give recommendations on PGR, the consensus analyst rating on PGR is a Buy
It's important to keep in mind that analyst ratings are not stock 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 32% 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 9% 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 42% 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 dive deeper into what analysts are projecting on the Progressive stock forecast page.
PGR Momentum
PGR Performance Numbers
Last year, PGR earnings were $3.86B. During the last five year, PGR's earnings have increased by 8.24% per year. This was slower than the Insurance - Property & Casualty industry average of 12.61%.
Last year, PGR revenue was $62.11B. During the last 5 year, PGR's revenue has increased by 14.2% per year. This was faster than the Insurance - Property & Casualty industry average of 11.68%.
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.
Devin C. Johnson, Director of PGR, was the latest PGR insider to sell. They sold $208,326.00 worth of PGR shares on Apr 17, 2024.
Dig into more about who owns PGR shares 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 2.51%. If you owned $1,000 of PGR stock, you would have received $5.50 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
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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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.
If you require more help with buying stocks on eToro, watch the helpful video below:
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:
- 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 need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Progressive, click the button below.
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