Progressive Corp. (NYSE: PGR) is 36.15% higher on its value in year-to-date trading and has touched a low of $121.33 and a high of $229.00 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 $216.30 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $215.90, the stock is 1.60% and 2.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.04 million and changing -0.18% at the moment leaves the stock 15.94% off its SMA200. PGR registered 74.34% gain for a year compared to 6-month gain of 26.79%.
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The stock witnessed a 3.21% loss in the last 1 month and extending the period to 3 months gives it a 1.36%, and is 2.81% 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 2.37% over the week and 2.10% over the month.
Progressive Corp. (PGR) has around 61432 employees, a market worth around $126.45B and $67.43B in sales. Current P/E ratio is 18.47 and Fwd P/E is 17.13. Profit margin for the company is 10.17%. Distance from 52-week low is 77.94% and -5.72% from its 52-week high. The company has generated returns on investments over the last 12 months (23.91%).
with sales reaching $19.04B over the same period.The EPS is expected to grow by 95.35% this year, but quarterly earnings will post 20.60% year-over-year. Quarterly sales are estimated to grow 22.10% in year-over-year returns.
Progressive Corp. (PGR) Top Institutional Holders
The shares outstanding are 585.30M, and float is at 584.05M with Short Float at 0.79%.
Progressive Corp. (PGR) Insider Activity
The most recent transaction is an insider sale by FARAH ROGER N,the company’sDirector. SEC filings show that FARAH ROGER N sold 5,039 shares of the company’s common stock on Jul 18 ’24 at a price of $226.67 per share for a total of $1.14 million. Following the sale, the insider now owns 4215.0 shares.
Progressive Corp. disclosed in a document filed with the SEC on Jul 17 ’24 that Bleser Philip (Director) sold a total of 2,129 shares of the company’s common stock. The trade occurred on Jul 17 ’24 and was made at $219.08 per share for $0.47 million. Following the transaction, the insider now directly holds 974.0 shares of the PGR stock.
Still, SEC filings show that on Jun 28 ’24, Sauerland John P (VP and Chief Financial Officer) disposed off 10,000 shares at an average price of $210.40 for $2.1 million. The insider now directly holds 302,958 shares of Progressive Corp. (PGR).
