Progressive Corp. (PGR) recent activity suggests a positive outlook with the last week’s performance of -1.81%

On Monday, Progressive Corp. (NYSE: PGR) was 1.32% up from the session before settling in for the closing price of $203.90. A 52-week range for PGR has been $110.92 – $212.24.

Annual sales at Financial sector company grew by 14.48% over the past five years. When this article was written, the company’s average yearly earnings per share was at 78.79%. With a float of $583.98 million, this company’s outstanding shares have now reached $585.30 million.

Let’s look at the performance matrix of the company that is accounted for 61432 employees.

Progressive Corp. (PGR) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Progressive Corp. stocks. The insider ownership of Progressive Corp. is 0.29%, while institutional ownership is 86.97%. The most recent insider transaction that took place on Mar 05 ’24, was worth 1,603,843. In this transaction Commercial Lines President of this company sold 8,464 shares at a rate of $189.49, taking the stock ownership to the 32,342 shares. Before that another transaction happened on Feb 21 ’24, when Company’s Personal Lines President sold 29,675 for $190.26, making the entire transaction worth $5,645,966. This insider now owns 15,189 shares in total.

Progressive Corp. (PGR) Latest Financial update

Wall Street market experts anticipate that the next fiscal year will bring earnings of 155.45 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 78.79% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 26.00% during the next five years compared to 8.09% growth over the previous five years of trading.

Progressive Corp. (NYSE: PGR) Trading Performance Indicators

You can see what Progressive Corp. (PGR) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.86. Likewise, its price to free cash flow for the trailing twelve months is 11.64.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.77, a number that is poised to hit 2.50 in the next quarter and is forecasted to reach 11.77 in one year’s time.

Technical Analysis of Progressive Corp. (PGR)

Progressive Corp. (NYSE: PGR) saw its 5-day average volume 3.63 million, a positive change from its year-to-date volume of 2.59 million. As of the previous 9 days, the stock’s Stochastic %D was 21.28%. Additionally, its Average True Range was 3.77.

During the past 100 days, Progressive Corp.’s (PGR) raw stochastic average was set at 91.05%, which indicates a significant increase from 44.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.21% in the past 14 days, which was higher than the 18.17% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $196.98, while its 200-day Moving Average is $160.09. Nevertheless, the first resistance level for the watch stands at $208.54 in the near term. At $210.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $212.19. If the price goes on to break the first support level at $204.89, it is likely to go to the next support level at $203.18. The third support level lies at $201.24 if the price breaches the second support level.

Progressive Corp. (NYSE: PGR) Key Stats

There are 585,698K outstanding shares of the company, which has a market capitalization of 121.00 billion. As of now, sales total 62,109 M while income totals 3,902 M. Its latest quarter income was 16,891 M while its last quarter net income were 1,988 M.