A new trading day began on Friday, with Progressive Corp (NYSE: PGR) stock price up 0.99% from the previous day of trading, before settling in for the closing price of $263.44. PGR’s price has ranged from $148.48 to $263.85 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 14.48%. Meanwhile, its annual earnings per share averaged 114.72%. With a float of $584.15 million, this company’s outstanding shares have now reached $585.30 million.
Let’s determine the extent of company efficiency that accounts for 61432 employees. In terms of profitability, gross margin is 137.24%, operating margin of 13.43%, and the pretax margin is 19.65%.
Progressive Corp (PGR) Breakdown of a Key Holders of the stock
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 0.28%, while institutional ownership is 86.14%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 2.97 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 3.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 114.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 40.36% 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 2.19. Likewise, its price to free cash flow for the trailing twelve months is 11.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.77, a number that is poised to hit 3.19 in the next quarter and is forecasted to reach 13.98 in one year’s time.
Technical Analysis of Progressive Corp (PGR)
Looking closely at Progressive Corp (NYSE: PGR), its last 5-days average volume was 1.93 million, which is a drop from its year-to-date volume of 2.45 million. As of the previous 9 days, the stock’s Stochastic %D was 77.98%. Additionally, its Average True Range was 5.05.
During the past 100 days, Progressive Corp’s (PGR) raw stochastic average was set at 99.80%, which indicates a significant increase from 99.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.06% in the past 14 days, which was higher than the 22.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $253.07, while its 200-day Moving Average is $222.81. However, in the short run, Progressive Corp’s stock first resistance to watch stands at $267.08. Second resistance stands at $268.11. The third major resistance level sits at $270.03. If the price goes on to break the first support level at $264.13, it is likely to go to the next support level at $262.21. Now, if the price goes above the second support level, the third support stands at $261.18.
Progressive Corp (NYSE: PGR) Key Stats
With a market capitalization of 157.41 billion, the company has a total of 585,812K Shares Outstanding. Currently, annual sales are 62,109 M while annual income is 3,902 M. The company’s previous quarter sales were 19,719 M while its latest quarter income was 2,333 M.
