Progressive Corp (NYSE: PGR) on Friday, plunged -1.12% from the previous trading day, before settling in for the closing price of $249.22. Within the past 52 weeks, PGR’s price has moved between $173.11 and $265.62.
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A company in the Financial sector has jumped its sales by 14.34% annually for the last half of the decade. The company achieved an average annual earnings per share of 3.11%. With a float of $584.12 million, this company’s outstanding shares have now reached $586.00 million.
In an organization with 61432 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Insurance – Property & Casualty industry stocks is more important than anything else. The insider ownership of Progressive Corp is 0.29%, while institutional ownership is 86.11%. The most recent insider transaction that took place on Jan 30 ’25, was worth 952,416. In this transaction CRM President of this company sold 3,855 shares at a rate of $247.06, taking the stock ownership to the 39,040 shares. Before that another transaction happened on Jan 29 ’25, when Company’s Director sold 10,000 for $250.00, making the entire transaction worth $2,500,000. This insider now owns 27,741 shares in total.
Progressive Corp (PGR) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.13% during the next five years compared to 16.48% 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 10.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.77, a number that is poised to hit 3.79 in the next quarter and is forecasted to reach 15.33 in one year’s time.
Technical Analysis of Progressive Corp (PGR)
Let’s dig in a bit further. During the last 5-days, its volume was 2.79 million. That was better than the volume of 2.69 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 70.94%. Additionally, its Average True Range was 5.65.
During the past 100 days, Progressive Corp’s (PGR) raw stochastic average was set at 42.54%, which indicates a significant decrease from 76.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.44% in the past 14 days, which was lower than the 21.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $248.25, while its 200-day Moving Average is $233.68. However, in the short run, Progressive Corp’s stock first resistance to watch stands at $249.66. Second resistance stands at $252.87. The third major resistance level sits at $254.49. If the price goes on to break the first support level at $244.83, it is likely to go to the next support level at $243.21. Assuming the price breaks the second support level, the third support level stands at $240.00.
Progressive Corp (NYSE: PGR) Key Stats
Market capitalization of the company is 144.37 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.
