Progressive Corp (NYSE: PGR) on Tuesday, plunged -0.78% from the previous trading day, before settling in for the closing price of $256.52. Within the past 52 weeks, PGR’s price has moved between $148.48 and $263.85.
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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%. The company achieved an average annual earnings per share of 114.05%. With a float of $584.14 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. In terms of profitability, gross margin is 137.24%, operating margin of 13.43%, and the pretax margin is 19.65%.
Progressive Corp (PGR) Insider and Institutional Ownership
Observing investor behavior towards Insurance – Property & Casualty industry stocks is more important than anything else. The insider ownership of Progressive Corp is 0.29%, while institutional ownership is 86.22%. 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) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.97 earnings per share (EPS) for the period topping the consensus outlook (set at 2.43) by 0.55. 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 114.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 39.86% during the next five years compared to 8.09% growth over the previous five years of trading.
Progressive Corp (NYSE: PGR) Trading Performance Indicators
Progressive Corp (PGR) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.07. Likewise, its price to free cash flow for the trailing twelve months is 10.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.77, a number that is poised to hit 3.14 in the next quarter and is forecasted to reach 13.97 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 2.0 million was inferior to 2.46 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 42.39%. Additionally, its Average True Range was 5.17.
During the past 100 days, Progressive Corp’s (PGR) raw stochastic average was set at 83.43%, which indicates a significant increase from 61.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.45% in the past 14 days, which was higher than the 22.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $252.43, while its 200-day Moving Average is $221.60. Now, the first resistance to watch is $256.85. This is followed by the second major resistance level at $259.18. The third major resistance level sits at $261.24. If the price goes on to break the first support level at $252.46, it is likely to go to the next support level at $250.40. The third support level lies at $248.07 if the price breaches the second support level.
Progressive Corp (NYSE: PGR) Key Stats
Market capitalization of the company is 149.09 billion based on 585,812K outstanding shares. Right now, sales total 62,109 M and income totals 3,902 M. The company made 19,719 M in profit during its latest quarter, and 2,333 M in sales during its previous quarter.
