On Monday, Progressive Corp (NYSE: PGR) opened lower -0.59% from the last session, before settling in for the closing price of $241.02. Price fluctuations for PGR have ranged from $156.91 to $270.62 over the past 52 weeks.
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Annual sales at Financial sector company grew by 14.48% over the past five years. Company’s average yearly earnings per share was noted 119.94% at the time writing. With a float of $584.16 million, this company’s outstanding shares have now reached $585.80 million.
Let’s look at the performance matrix of the company that is accounted for 61432 employees. In terms of profitability, gross margin is 99.99%, operating margin of 9.79%, and the pretax margin is 14.31%.
Progressive Corp (PGR) Insider and Institutional Ownership
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 86.21%. The most recent insider transaction that took place on Dec 30 ’24, was worth 2,386,600. Before that another transaction happened on Nov 29 ’24, when Company’s VP and Chief Financial Officer sold 10,000 for $268.09, making the entire transaction worth $2,680,900. This insider now owns 292,958 shares in total.
Progressive Corp (PGR) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 119.94% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 48.73% 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 1.95. Likewise, its price to free cash flow for the trailing twelve months is 9.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.77, a number that is poised to hit 3.53 in the next quarter and is forecasted to reach 14.32 in one year’s time.
Technical Analysis of Progressive Corp (PGR)
Progressive Corp (NYSE: PGR) saw its 5-day average volume 1.43 million, a negative change from its year-to-date volume of 2.48 million. As of the previous 9 days, the stock’s Stochastic %D was 27.20%. Additionally, its Average True Range was 4.96.
During the past 100 days, Progressive Corp’s (PGR) raw stochastic average was set at 44.24%, which indicates a significant increase from 15.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.20% in the past 14 days, which was higher than the 21.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $251.88, while its 200-day Moving Average is $229.98. Nevertheless, the first resistance level for the watch stands at $241.70 in the near term. At $243.80, the stock is likely to face the second major resistance level. The third major resistance level sits at $246.05. If the price goes on to break the first support level at $237.35, it is likely to go to the next support level at $235.10. The third support level lies at $233.00 if the price breaches the second support level.
Progressive Corp (NYSE: PGR) Key Stats
There are currently 585,812K shares outstanding in the company with a market cap of 140.36 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.