Progressive Corp. (NYSE: PGR) flaunted slowness of -1.89% at $202.26, before settling in for the price of $206.15 at the close. Taking a more long-term approach, PGR posted a 52-week range of $110.92-$212.24.
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The Financial Sector giants’ yearly sales growth during the last 5-year period was 14.48%. Meanwhile, its Annual Earning per share during the time was 8.09%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 65.74%. This publicly-traded company’s shares outstanding now amounts to $585.30 million, simultaneously with a float of $583.98 million. The organization now has a market capitalization sitting at $118.46 billion. At the time of writing, stock’s 50-day Moving Average stood at $195.91, while the 200-day Moving Average is $159.36.
Progressive Corp. (PGR) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Progressive Corp. industry. Progressive Corp.’s current insider ownership accounts for 0.29%, in contrast to 87.00% institutional ownership. According to the most recent insider trade that took place on Mar 05 ’24, this organization’s Commercial Lines President sold 8,464 shares at the rate of 189.49, making the entire transaction reach 1,603,843 in total value, affecting insider ownership by 32,342. Preceding that transaction, on Feb 21 ’24, Company’s Personal Lines President sold 29,675 for 190.26, making the whole transaction’s value amount to 5,645,966. This particular insider is now the holder of 15,189 in total.
Progressive Corp. (PGR) Earnings and Revenue Records
Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $2.97 earnings per share (EPS) during the time that was better the consensus figure (set at $2.43) by $0.54. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.24 per share during the current fiscal year.
Progressive Corp.’s EPS increase for this current 12-month fiscal period is 65.74% and is forecasted to reach 11.32 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 26.00% through the next 5 years, which can be compared against the 8.09% growth it accomplished over the previous five years trading on the market.
Progressive Corp. (NYSE: PGR) Trading Performance Indicators
Let’s observe the current performance indicators for Progressive Corp. (PGR). The Stock has managed to achieve an average true range (ATR) of 3.42. Alongside those numbers, its PE Ratio stands at $30.74, and its Beta score is 0.34. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.91. Similarly, its price to free cash flow for trailing twelve months is now 11.40.
In the same vein, PGR’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 6.58, a figure that is expected to reach 3.22 in the next quarter, and analysts are predicting that it will be 11.32 at the market close of one year from today.
Technical Analysis of Progressive Corp. (PGR)
Now, what If we examine the latest scores posted by [Progressive Corp., PGR]. During the last 5-days, its volume was better the volume of 2.53 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 13.98% While, its Average True Range was 3.56.
Raw Stochastic average of Progressive Corp. (PGR) in the period of the previous 100 days is set at 84.18%, which indicates a major rise in contrast to 1.67% 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 16.90% that was lower than 18.38% volatility it exhibited in the past 100-days period.
