Progressive Corp. (PGR) Stock Split History

Progressive Corp. has split its stock 10 times since its initial public offering (IPO). The first stock split occurred on March 06, 1972 with the ratio of 3-for-2, meaning that for 2 shares of PGR owned pre-split, shareholders then owned 3 shares. 9 more splits have been implemented since then. The most recent stock split took place on May 19, 2006 on a 4-for-1 basis.

These splits have increased PGR stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Progressive Corp.'s total market capitalization.

For more detailed information of Progressive Corp.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Progressive Corp. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when PGR stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Progressive Corp.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.