A new trading day began on Monday, with Progressive Corp. (NYSE: PGR) stock price down -0.79% from the previous day of trading, before settling in for the closing price of $214.69. PGR’s price has ranged from $110.92 to $215.18 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 14.48%. Meanwhile, its annual earnings per share averaged 80.78%. With a float of $583.99 million, this company’s outstanding shares have now reached $585.30 million.
The extent of productivity of a business whose workforce counts for 61432 workers is very important to gauge.
Progressive Corp. (PGR) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Property & Casualty Industry. The insider ownership of Progressive Corp. is 0.29%, while institutional ownership is 86.90%. The most recent insider transaction that took place on Apr 17 ’24, was worth 208,326. In this transaction Director of this company sold 1,000 shares at a rate of $208.33, taking the stock ownership to the 7,176 shares. Before that another transaction happened on Mar 05 ’24, when Company’s Commercial Lines President sold 8,464 for $189.49, making the entire transaction worth $1,603,843. This insider now owns 32,342 shares in total.
Progressive Corp. (PGR) Performance Highlights and Predictions
In its latest quarterly report, released on 3/31/2024, the company reported earnings of $3.75 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 80.78% 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
Here are Progressive Corp.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.92. Likewise, its price to free cash flow for the trailing twelve months is 12.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.77, a number that is poised to hit 2.55 in the next quarter and is forecasted to reach 11.77 in one year’s time.
Technical Analysis of Progressive Corp. (PGR)
The latest stats from [Progressive Corp., PGR] show that its last 5-days average volume of 3.1 million was superior to 2.62 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 86.35%. Additionally, its Average True Range was 3.68.
During the past 100 days, Progressive Corp.’s (PGR) raw stochastic average was set at 95.21%, which indicates a significant increase from 77.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.86% in the past 14 days, which was higher than the 18.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $199.91, while its 200-day Moving Average is $162.06. Now, the first resistance to watch is $215.18. This is followed by the second major resistance level at $217.37. The third major resistance level sits at $218.52. If the price goes on to break the first support level at $211.84, it is likely to go to the next support level at $210.69. Assuming the price breaks the second support level, the third support level stands at $208.50.
Progressive Corp. (NYSE: PGR) Key Stats
With a market capitalization of 124.75 billion, the company has a total of 585,698K Shares Outstanding. Currently, annual sales are 62,109 M while annual income is 3,902 M. The company’s previous quarter sales were 17,243 M while its latest quarter income was 2,331 M.
