Progressive Corp (NYSE: PGR) kicked off on Tuesday, down -1.10% from the previous trading day, before settling in for the closing price of $243.68. Over the past 52 weeks, PGR has traded in a range of $163.84-$265.62.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 12.59%. While this was happening, its average annual earnings per share was recorded 121.11%. With a float of $584.16 million, this company’s outstanding shares have now reached $585.80 million.
The extent of productivity of a business whose workforce counts for 61432 workers is very important to gauge. 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
Our next focus will be how large-scale investors are participating in this stock of the Insurance – Property & Casualty Industry. The insider ownership of Progressive Corp is 0.28%, while institutional ownership is 86.16%. 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 3.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 121.11% 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
Take a look at Progressive Corp’s (PGR) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.96. Likewise, its price to free cash flow for the trailing twelve months is 9.88.
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)
The latest stats from [Progressive Corp, PGR] show that its last 5-days average volume of 2.57 million was inferior to 2.6 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 74.22%. Additionally, its Average True Range was 5.03.
During the past 100 days, Progressive Corp’s (PGR) raw stochastic average was set at 29.63%, which indicates a significant decrease from 64.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.00% in the past 14 days, which was lower than the 20.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $250.67, while its 200-day Moving Average is $232.19. Now, the first resistance to watch is $245.37. This is followed by the second major resistance level at $249.74. The third major resistance level sits at $252.55. If the price goes on to break the first support level at $238.20, it is likely to go to the next support level at $235.39. The third support level lies at $231.03 if the price breaches the second support level.
Progressive Corp (NYSE: PGR) Key Stats
The company with the Market Capitalisation of 141.19 billion has total of 585,812K Shares Outstanding. Its annual sales at the moment are 62,109 M in contrast with the sum of 3,902 M annual income. Company’s last quarter sales were recorded 19,719 M and last quarter income was 2,333 M.
