On Tuesday, Progressive Corp. (NYSE: PGR) was -0.99% drop from the session before settling in for the closing price of $250.74. A 52-week range for PGR has been $148.48 – $260.46.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 14.48%. When this article was written, the company’s average yearly earnings per share was at 112.32%. With a float of $584.00 million, this company’s outstanding shares have now reached $585.30 million.
Considering the fact that the conglomerate employs 61432 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 99.99%, operating margin of 14.0%, and the pretax margin is 14.31%.
Progressive Corp. (PGR) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Progressive Corp. stocks. The insider ownership of Progressive Corp. is 0.28%, while institutional ownership is 86.43%. The most recent insider transaction that took place on Oct 21 ’24, was worth 748,678. Before that another transaction happened on Sep 27 ’24, when Company’s Director sold 2,180 for $252.28, making the entire transaction worth $549,970. This insider now owns 13,723 shares in total.
Progressive Corp. (PGR) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 2.97 earnings per share (EPS) during the time that was better than consensus figure (set at 2.43) by 0.54. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 112.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 39.99% 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 2.02. Likewise, its price to free cash flow for the trailing twelve months is 11.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.77, a number that is poised to hit 3.09 in the next quarter and is forecasted to reach 13.62 in one year’s time.
Technical Analysis of Progressive Corp. (PGR)
Compared to the last year’s volume of 2.49 million, its volume of 2.32 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 25.25%. Additionally, its Average True Range was 4.79.
During the past 100 days, Progressive Corp.’s (PGR) raw stochastic average was set at 79.35%, which indicates a significant increase from 30.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.12% in the past 14 days, which was higher than the 21.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $249.28, while its 200-day Moving Average is $213.81. Nevertheless, the first resistance level for the watch stands at $250.26 in the near term. At $252.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $254.71. If the price goes on to break the first support level at $245.81, it is likely to go to the next support level at $243.37. Should the price break the second support level, the third support level stands at $241.36.
Progressive Corp. (NYSE: PGR) Key Stats
There are 585,698K outstanding shares of the company, which has a market capitalization of 145.39 billion. As of now, sales total 62,109 M while income totals 3,902 M. Its latest quarter income was 19,719 M while its last quarter net income were 2,333 M.
