Progressive Corp. (NYSE: PGR) is 34.96% higher on its value in year-to-date trading and has touched a low of $110.92 and a high of $216.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PGR stock was last observed hovering at around $213.00 in the last trading session, with the day’s gains setting it 1.02%.
Currently trading at $214.02, the stock is 2.80% and 7.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.58 million and changing 0.48% at the moment leaves the stock 32.41% off its SMA200. PGR registered 56.89% gain for a year compared to 6-month gain of 38.83%.
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The stock witnessed a 4.04% loss in the last 1 month and extending the period to 3 months gives it a 25.66%, and is 2.72% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.45% over the week and 1.65% over the month.
Progressive Corp. (PGR) has around 61432 employees, a market worth around $125.35B and $65.02B in sales. Current P/E ratio is 21.91 and Fwd P/E is 18.18. Profit margin for the company is 8.85%. Distance from 52-week low is 92.95% and -1.01% from its 52-week high. The company has generated returns on investments over the last 12 months (21.05%).
The EPS is expected to grow by 80.78% this year.
Progressive Corp. (PGR) Top Institutional Holders
The shares outstanding are 585.30M, and float is at 583.99M with Short Float at 0.75%.
Progressive Corp. (PGR) Insider Activity
The most recent transaction is an insider sale by Johnson Devin C,the company’sDirector. SEC filings show that Johnson Devin C sold 1,000 shares of the company’s common stock on Apr 17 ’24 at a price of $208.33 per share for a total of $0.21 million. Following the sale, the insider now owns 7176.0 shares.
Progressive Corp. disclosed in a document filed with the SEC on Mar 05 ’24 that Bailo Karen (Commercial Lines President) sold a total of 8,464 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $189.49 per share for $1.6 million. Following the transaction, the insider now directly holds 32342.0 shares of the PGR stock.
Still, SEC filings show that on Feb 21 ’24, Callahan Patrick K (Personal Lines President) disposed off 29,675 shares at an average price of $190.26 for $5.65 million. The insider now directly holds 15,189 shares of Progressive Corp. (PGR).
