Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Progressive Corp before investing.

In this article, we go over a few key elements for understanding Progressive Corp’s stock price such as:

• Progressive Corp’s current stock price and volume
• Why Progressive Corp’s stock price changed recently
• Upgrades and downgrades for PGR from analysts
• PGR’s stock price momentum as measured by its relative strength

About Progressive Corp (PGR)

Before we jump into Progressive Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

The Progressive Corporation is an insurance holding company. The Company?s segments include Personal Lines, Commercial Lines and Property. The Company?s Personal Lines segment writes insurance for personal autos and recreational vehicles. Its Personal Lines products are sold through both the agency and direct channels. The Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and property insurance predominately for small businesses, and workers? compensation insurance primarily for the transportation industry. The Commercial Lines segment also offers its auto products in all states. The Property segment writes residential property and renters insurance in virtually all states, primarily in the independent agency channel and through select agents. The Company?s non-insurance subsidiaries generally support its insurance and investment operations. The Company operates throughout the United States.

Want to learn more about Progressive Corp’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Progressive Corp.

Progressive Corp’s Stock Price as of Market Close

As of October 13, 2023, 4:00 PM, CST, Progressive Corp’s stock price was $154.95.

Progressive Corp is up 8.13% from its previous closing price of $143.30.

During the last market session, Progressive Corp’s stock traded between $142.87 and $144.59. Currently, there are 584.90 million shares of Progressive Corp stock available for purchase.

Progressive Corp’s price-earnings (P/E) ratio is currently at 49.4, which is high compared to the Insurance - Property & Casualty industry median of 11.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Progressive Corp Stock Price History

Progressive Corp’s (PGR) price is currently up 11.23% so far this month.

During the month of October, Progressive Corp’s stock price has reached a high of $155.38 and a low of $137.59.

Over the last year, Progressive Corp has hit prices as high as $149.87 and as low as $110.04. Year to date, Progressive Corp’s stock is up 50.95%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Progressive Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 12, 2023, there were 4 analysts who downgraded Progressive Corp’s stock and 10 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Progressive Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Progressive Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Progressive Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Progressive Corp (PGR) by visiting AAII Stock Evaluator.

Relative Price Strength of Progressive Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 12, 2023, Progressive Corp has a weighted four-quarter relative price strength of 4.65%, which translates to a Momentum Score of 83 and is considered to be Very Strong.

Want to learn more about how Progressive Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Progressive Corp Stock Price: Bottom Line

As of October 13, 2023, Progressive Corp’s stock price is $154.95, which is up 8.13% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Progressive Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.