On Tuesday, Progressive Corp (NYSE: PGR) opened lower -0.54% from the last session, before settling in for the closing price of $264.04. Price fluctuations for PGR have ranged from $148.48 to $270.62 over the past 52 weeks.
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Financial Sector giant saw their annual sales surged by 14.48% over the last five years. Company’s average yearly earnings per share was noted 114.70% at the time writing. With a float of $584.15 million, this company’s outstanding shares have now reached $585.80 million.
The firm has a total of 61432 workers. Let’s measure their productivity. 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 Activity
A key investor’s attitude towards the stock of the Insurance – Property & Casualty industry is another important factor to consider. The insider ownership of Progressive Corp is 0.28%, while institutional ownership is 86.15%. The most recent insider transaction that took place on Nov 29 ’24, was worth 2,680,900. In this transaction VP and Chief Financial Officer of this company sold 10,000 shares at a rate of $268.09, taking the stock ownership to the 292,958 shares. Before that another transaction happened on Nov 29 ’24, when Company’s Officer proposed sale 10,000 for $268.09, making the entire transaction worth $2,680,900.
Progressive Corp (PGR) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 2.97 earnings per share (EPS) for the quarter, besting the agreed prediction (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 114.70% 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
Check out the current performance indicators for Progressive Corp (PGR). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.14. Likewise, its price to free cash flow for the trailing twelve months is 10.76.
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)
Analysing the last 5-days average volume posted by the [Progressive Corp, PGR], we can find that recorded value of 2.47 million was better than the volume posted last year of 2.47 million. As of the previous 9 days, the stock’s Stochastic %D was 69.11%. Additionally, its Average True Range was 4.89.
During the past 100 days, Progressive Corp’s (PGR) raw stochastic average was set at 87.18%, which indicates a significant increase from 55.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.26% in the past 14 days, which was lower than the 22.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $254.14, while its 200-day Moving Average is $225.22. Now, the first resistance to watch is $265.25. This is followed by the second major resistance level at $267.89. The third major resistance level sits at $269.47. If the price goes on to break the first support level at $261.03, it is likely to go to the next support level at $259.45. Should the price break the second support level, the third support level stands at $256.81.
Progressive Corp (NYSE: PGR) Key Stats
There are currently 585,812K shares outstanding in the company with a market cap of 153.84 billion. Presently, the company’s annual sales total 62,109 M according to its annual income of 3,902 M. Last quarter, the company’s sales amounted to 19,719 M and its income totaled 2,333 M.
