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The Progressive Corporation (PGR) average volume reaches $2.68M: Are the Stars Lining Up for Investors?

The Progressive Corporation (PGR) average volume reaches $2.68M: Are the Stars Lining Up for Investors?


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As on June 02, 2021, The Progressive Corporation (NYSE: PGR) got off with the flyer as it spiked 1.17% to $100.47. During the day, the stock rose to $100.66 and sunk to $98.35 before settling in for the price of $99.31 at the close. Taking a more long-term approach, PGR posted a 52-week range of $71.58-$107.58.

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In the past 5-years timespan, the Financial sector firm’s annual sales growth was 15.40%. Meanwhile, its Annual Earning per share during the time was 35.00%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 43.90%. This publicly-traded company’s shares outstanding now amounts to $584.90 million, simultaneously with a float of $583.08 million. The organization now has a market capitalization sitting at $58.83 billion. At the time of writing, stock’s 50-day Moving Average stood at $99.64, while the 200-day Moving Average is $94.55.

If we measure the efficiency of the company that is accounted for 43326 employees. It has generated 984,123 per worker during the last fiscal year. For the Profitability, stocks operating margin was +17.33 and Pretax Margin of +16.82.

The Progressive Corporation (PGR) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Insurance – Property & Casualty industry. The Progressive Corporation’s current insider ownership accounts for 0.30%, in contrast to 84.30% institutional ownership. According to the most recent insider trade that took place on May 20, this organization’s President and CEO sold 40,578 shares at the rate of 99.17, making the entire transaction reach 4,024,120 in total value, affecting insider ownership by 413,965. Preceding that transaction, on May 20, Company’s VP and Chief Financial Officer sold 12,000 for 99.17, making the whole transaction’s value amount to 1,190,040. This particular insider is now the holder of 308,721 in total.

The Progressive Corporation (PGR) Earnings and Revenue Records

If we go through the results of last quarter, which was made public on 3/30/2021, the company posted $1.72 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.72) by $0. This company achieved a net margin of +13.38 while generating a return on equity of 37.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.31 per share during the current fiscal year.

The Progressive Corporation’s EPS increase for this current 12-month fiscal period is 43.90% and is forecasted to reach 5.95 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -10.11% through the next 5 years, which can be compared against the 35.00% growth it accomplished over the previous five years trading on the market.

The Progressive Corporation (NYSE: PGR) Trading Performance Indicators

Let’s observe the current performance indicators for The Progressive Corporation (PGR). The Stock has managed to achieve an average true range (ATR) of 1.99. Alongside those numbers, its PE Ratio stands at $9.14, and its Beta score is 0.47. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.31. Similarly, its price to free cash flow for trailing twelve months is now 12.22.

In the same vein, PGR’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 11.00, a figure that is expected to reach 1.22 in the next quarter, and analysts are predicting that it will be 5.95 at the market close of one year from today.

Technical Analysis of The Progressive Corporation (PGR)

Through scrutinizing the latest numbers posted by the [The Progressive Corporation, PGR], it can be observed that its last 5-days Average volume of 2.93 million was better the volume of 2.85 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 39.89% While, its Average True Range was 2.09.

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Raw Stochastic average of The Progressive Corporation (PGR) in the period of the previous 100 days is set at 68.65%, which indicates a major rise in contrast to 36.10% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 26.95% that was higher than 22.71% volatility it exhibited in the past 100-days period.

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