Progressive Corp. (NYSE: PGR) is 32.43% higher on its value in year-to-date trading and has touched a low of $117.12 and a high of $217.77 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 $217.10 in the last trading session, with the day’s loss setting it -7.1%.
Currently trading at $210.00, the stock is -0.04% and 0.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.44 million and changing -3.27% at the moment leaves the stock 13.98% off its SMA200. PGR registered 80.61% gain for a year compared to 6-month gain of 24.89%.
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The stock witnessed a 3.14% loss in the last 1 month and extending the period to 3 months gives it a 1.65%, and is 0.24% 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 2.81% over the week and 1.98% over the month.
Progressive Corp. (PGR) has around 61432 employees, a market worth around $123.00B and $65.02B in sales. Current P/E ratio is 21.50 and Fwd P/E is 16.97. Profit margin for the company is 8.83%. Distance from 52-week low is 79.30% and -3.57% from its 52-week high. The company has generated returns on investments over the last 12 months (19.99%).
with sales reaching $17.64B over the same period.The EPS is expected to grow by 89.46% this year, but quarterly earnings will post 19.60% year-over-year. Quarterly sales are estimated to grow 17.70% in year-over-year returns.
Progressive Corp. (PGR) Top Institutional Holders
The shares outstanding are 585.30M, and float is at 584.04M with Short Float at 0.79%.
Progressive Corp. (PGR) Insider Activity
The most recent transaction is an insider sale by Sauerland John P,the company’sVP and Chief Financial Officer. SEC filings show that Sauerland John P sold 10,000 shares of the company’s common stock on Jun 28 ’24 at a price of $210.40 per share for a total of $2.1 million. Following the sale, the insider now owns 0.3 million shares.
Progressive Corp. disclosed in a document filed with the SEC on Jun 24 ’24 that Broz Steven (Chief Information Officer) sold a total of 3,050 shares of the company’s common stock. The trade occurred on Jun 24 ’24 and was made at $209.81 per share for $0.64 million. Following the transaction, the insider now directly holds 32453.0 shares of the PGR stock.
Still, SEC filings show that on Jun 18 ’24, Bauer Jonathan S. (Chief Investment Officer) disposed off 2,047 shares at an average price of $209.10 for $0.43 million. The insider now directly holds 24,720 shares of Progressive Corp. (PGR).
