On Tuesday, Progressive Corp. (NYSE: PGR) was -1.08% drop from the session before settling in for the closing price of $244.31. A 52-week range for PGR has been $148.48 – $260.46.
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A company in the Financial sector has jumped its sales by 14.48% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 112.20%. With a float of $584.00 million, this company’s outstanding shares have now reached $585.30 million.
In an organization with 61432 employees, it is important to assess its efficiency. 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 Updates
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 86.46%. The most recent insider transaction that took place on Oct 21 ’24, was worth 748,678. In this transaction Chief Information Officer of this company sold 2,981 shares at a rate of $251.15, taking the stock ownership to the 26,353 shares. Before that another transaction happened on Oct 21 ’24, when Company’s Officer proposed sale 2,981 for $251.15, making the entire transaction worth $748,678.
Progressive Corp. (PGR) Performance Highlights and Predictions
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 3.84 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 112.20% 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 1.97. Likewise, its price to free cash flow for the trailing twelve months is 10.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.77, a number that is poised to hit 3.07 in the next quarter and is forecasted to reach 13.75 in one year’s time.
Technical Analysis of Progressive Corp. (PGR)
Let’s dig in a bit further. During the last 5-days, its volume was 1.38 million. That was inferior than the volume of 2.47 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.52%. Additionally, its Average True Range was 4.36.
During the past 100 days, Progressive Corp.’s (PGR) raw stochastic average was set at 68.23%, which indicates a significant increase from 0.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.01% in the past 14 days, which was lower than the 21.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $250.42, while its 200-day Moving Average is $215.76. However, in the short run, Progressive Corp.’s stock first resistance to watch stands at $244.21. Second resistance stands at $246.73. The third major resistance level sits at $248.02. If the price goes on to break the first support level at $240.40, it is likely to go to the next support level at $239.11. Assuming the price breaks the second support level, the third support level stands at $236.59.
Progressive Corp. (NYSE: PGR) Key Stats
There are 585,667K outstanding shares of the company, which has a market capitalization of 141.54 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.
