Progressive Corp (NYSE: PGR) is 29.13% higher on its value in year-to-date trading and has touched a low of $203.65 and a high of $292.99 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 $261.62 in the last trading session, with the day’s loss setting it -258.32%.
Currently trading at $3.30M, the stock is -2.43% and -3.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.11 million and changing 12109033% at the moment leaves the stock 1.61% off its SMA200. PGR registered 12.25% gain for a year compared to 6-month gain of 11.60%. The firm has a 50-day simple moving average (SMA 50) of $274.574 and a 200-day simple moving average (SMA200) of $261.7496.
The stock witnessed a -4.71% loss in the last 1 month and extending the period to 3 months gives it a -3.89%, and is 0.76% 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 1.49% over the week and 2.05% over the month.
Progressive Corp (PGR) has around 66308 employees, a market worth around $154.76B and $78.51B in sales. Current P/E ratio is 17.77 and Fwd P/E is 16.59. Profit margin for the company is 11.10%. Distance from 52-week low is 29.63% and -9.90% from its 52-week high. The company has generated returns on investments over the last 12 months (24.31%).
The EPS is expected to grow by 17.10% this year.
Progressive Corp (PGR) Top Institutional Holders
2461.0 institutions hold shares in Progressive Corp (PGR), with institutional investors hold 88.40% of the company’s shares. The shares outstanding are 586.00M, and float is at 584.61M with Short Float at 1.08%. Institutions hold 88.17% 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
The most recent transaction is an insider sale by Murphy John Jo, the company’s Claims President. SEC filings show that Murphy John Jo sold 4,000 shares of the company’s common stock on Jun 20 ’25 at a price of $260.38 per share for a total of $1.04 million. Following the sale, the insider now owns 41289.0 shares.
Progressive Corp disclosed in a document filed with the SEC on Jun 20 ’25 that Broz Steven (Chief Information Officer) sold a total of 1,267 shares of the company’s common stock. The trade occurred on Jun 20 ’25 and was made at $260.38 per share for $0.33 million. Following the transaction, the insider now directly holds 27621.0 shares of the PGR stock.
Still, SEC filings show that on Jun 20 ’25, Burgdoerfer Stuart B (Director) disposed off 3,681 shares at an average price of $260.43 for $0.96 million. The insider now directly holds 12,217 shares of Progressive Corp (PGR).
