Progressive Corp. (NYSE: PGR) is 63.48% higher on its value in year-to-date trading and has touched a low of $136.98 and a high of $260.46 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 $255.30 in the last trading session, with the day’s gains setting it 3.94%.
Currently trading at $259.24, the stock is 3.58% and 11.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.48 million and changing 1.54% at the moment leaves the stock 27.71% off its SMA200. PGR registered 82.49% gain for a year compared to 6-month gain of 26.11%.
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The stock witnessed a 9.24% loss in the last 1 month and extending the period to 3 months gives it a 23.93%, and is 1.48% 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 1.71% over the week and 1.73% over the month.
Progressive Corp. (PGR) has around 61432 employees, a market worth around $151.83B and $67.80B in sales. Current P/E ratio is 22.18 and Fwd P/E is 19.46. Profit margin for the company is 10.12%. Distance from 52-week low is 89.25% and -0.47% from its 52-week high. The company has generated returns on investments over the last 12 months (22.70%).
with sales reaching $19.01B over the same period.The EPS is expected to grow by 113.02% this year, but quarterly earnings will post 21.00% year-over-year. Quarterly sales are estimated to grow 21.90% in year-over-year returns.
Progressive Corp. (PGR) Top Institutional Holders
2072.0 institutions hold shares in Progressive Corp. (PGR), with institutional investors hold 87.03% of the company’s shares. The shares outstanding are 585.30M, and float is at 583.99M with Short Float at 0.92%. Institutions hold 86.79% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 52.22 million shares valued at $10.85 billion. The investor’s holdings represent 8.9201% of the PGR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 48.46 million shares valued at $10.07 billion to account for 8.2778 of the shares outstanding. The other top investors are STATE STREET CORP which holds 24.37 million shares representing 4.1627% and valued at over $5.06 billion, while BANK OF AMERICA CORP /DE/ holds 2.9002 of the shares totaling 16.98 million with a market value of $3.53 billion.
Progressive Corp. (PGR) Insider Activity
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Progressive Corp. disclosed in a document filed with the SEC on Sep 03 ’24 that Griffith Susan Patricia (President and CEO) sold a total of 43,370 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $252.20 per share for $10.94 million. Following the transaction, the insider now directly holds 0.47 million shares of the PGR stock.
Still, SEC filings show that on Sep 03 ’24, Griffith Susan Patricia (Officer) Proposed Sale 43,370 shares at an average price of $252.20 for $10.94 million. The insider now directly holds shares of Progressive Corp. (PGR).
