Progressive Corp (PGR) with a beta value of 0.38 appears to be a promising investment opportunity.

Progressive Corp (NYSE: PGR) on Friday, plunged -2.58% from the previous trading day, before settling in for the closing price of $261.29. Within the past 52 weeks, PGR’s price has moved between $148.48 and $270.62.

Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 14.48%. The company achieved an average annual earnings per share of 114.70%. With a float of $584.16 million, this company’s outstanding shares have now reached $585.80 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 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

Observing investor behavior towards Insurance – Property & Casualty industry stocks is more important than anything else. The insider ownership of Progressive Corp is 0.28%, while institutional ownership is 86.20%. 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) Recent Fiscal highlights

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

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 2.02. Likewise, its price to free cash flow for the trailing twelve months is 10.17.

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)

Compared to the last year’s volume of 2.47 million, its volume of 2.78 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 16.41%. Additionally, its Average True Range was 5.08.

During the past 100 days, Progressive Corp’s (PGR) raw stochastic average was set at 74.30%, which indicates a significant increase from 10.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.63% in the past 14 days, which was lower than the 20.96% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $254.34, while its 200-day Moving Average is $226.25. Nevertheless, the first resistance level for the watch stands at $260.36 in the near term. At $266.16, the stock is likely to face the second major resistance level. The third major resistance level sits at $269.91. If the price goes on to break the first support level at $250.81, it is likely to go to the next support level at $247.06. Now, if the price goes above the second support level, the third support stands at $241.26.

Progressive Corp (NYSE: PGR) Key Stats

Market capitalization of the company is 145.28 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.