Can Progressive Corp’s (PGR) drop of -2.09% in a week be considered a lucky break?

Progressive Corp (NYSE: PGR) on Friday, plunged -3.28% from the previous trading day, before settling in for the closing price of $243.59. Within the past 52 weeks, PGR’s price has moved between $163.44 and $270.62.

Annual sales at Financial sector company grew by 12.59% over the past five years. The company achieved an average annual earnings per share of 120.54%. 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

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 86.23%. The most recent insider transaction that took place on Jan 03 ’25, was worth 164,870. In this transaction Chief Strategy Officer of this company sold 681 shares at a rate of $242.10, taking the stock ownership to the 33,612 shares. Before that another transaction happened on Jan 03 ’25, when Company’s Claims President sold 1,663 for $242.10, making the entire transaction worth $402,612. This insider now owns 45,289 shares in total.

Progressive Corp (PGR) Latest Financial update

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 120.54% 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

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 1.92. Likewise, its price to free cash flow for the trailing twelve months is 9.66.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.77, a number that is poised to hit 3.57 in the next quarter and is forecasted to reach 14.38 in one year’s time.

Technical Analysis of Progressive Corp (PGR)

Progressive Corp (NYSE: PGR) saw its 5-day average volume 2.45 million, a negative change from its year-to-date volume of 2.56 million. As of the previous 9 days, the stock’s Stochastic %D was 42.70%. Additionally, its Average True Range was 4.96.

During the past 100 days, Progressive Corp’s (PGR) raw stochastic average was set at 2.48%, which indicates a significant decrease from 6.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.17% in the past 14 days, which was lower than the 20.47% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $250.90, while its 200-day Moving Average is $231.19. Nevertheless, the first resistance level for the watch stands at $239.88 in the near term. At $244.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $246.73. If the price goes on to break the first support level at $233.03, it is likely to go to the next support level at $230.45. The third support level lies at $226.18 if the price breaches the second support level.

Progressive Corp (NYSE: PGR) Key Stats

Market capitalization of the company is 138.02 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.