Progressive Corp (NYSE: PGR) is 9.19% higher on its value in year-to-date trading and has touched a low of $177.38 and a high of $265.62 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 $257.57 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $256.79, the stock is 4.04% and 5.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.16 million and changing -0.30% at the moment leaves the stock 10.94% off its SMA200. PGR registered 43.18% gain for a year compared to 6-month gain of 17.33%. The firm has a 50-day simple moving average (SMA 50) of $246.725 and a 200-day simple moving average (SMA200) of $235.04974.
The stock witnessed a 8.91% loss in the last 1 month and extending the period to 3 months gives it a 0.04%, and is 3.13% 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 1.84% over the week and 2.18% over the month.
Progressive Corp (PGR) has around 61432 employees, a market worth around $150.43B and $75.34B in sales. Current P/E ratio is 18.65 and Fwd P/E is 16.72. Profit margin for the company is 11.23%. Distance from 52-week low is 44.77% and -3.32% from its 52-week high. The company has generated returns on investments over the last 12 months (24.85%).
with sales reaching $22.49B over the same period.The EPS is expected to grow by 3.24% this year, but quarterly earnings will post 17.37% year-over-year. Quarterly sales are estimated to grow 18.59% in year-over-year returns.
The shares outstanding are 586.00M, and float is at 582.46M with Short Float at 0.93%.
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
The most recent transaction is an insider sale by Niederst Lori A, the company’s CRM President. SEC filings show that Niederst Lori A sold 3,855 shares of the company’s common stock on Jan 30 ’25 at a price of $247.06 per share for a total of $0.95 million. Following the sale, the insider now owns 39040.0 shares.
Progressive Corp disclosed in a document filed with the SEC on Jan 29 ’25 that KELLY JEFFREY D (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jan 29 ’25 and was made at $250.00 per share for $2.5 million. Following the transaction, the insider now directly holds 27741.0 shares of the PGR stock.
Still, SEC filings show that on Jan 28 ’25, Sauerland John P (VP and Chief Financial Officer) disposed off 10,000 shares at an average price of $246.69 for $2.47 million. The insider now directly holds 278,024 shares of Progressive Corp (PGR).
