Why The Progressive Corporation (PGR) Is in Such Horrid Condition

The Progressive Corporation (NYSE:PGR) went down by -1.23% from its latest closing price compared to the recent 1-year high of $96.58. The company’s stock price has collected 3.56% of gains in the last five trading sessions. MarketWatch.com reported on 09/03/20 that These 74 stocks in the S&P 500 hit all-time records on Wednesday

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Is It Worth Investing in The Progressive Corporation (NYSE :PGR) Right Now?

The Progressive Corporation (NYSE:PGR) scored a price-to-earnings ratio above its average ratio, recording 12.76 x from its present earnings ratio. Plus, the 36-month beta value for PGR is at 0.54. Opinions of the stock are interesting as 9 analysts out of 19 who provided ratings for The Progressive Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $96.73, which is $0.99 above the current price. PGR currently public float of 583.32M and currently shorts hold a 1.22% ratio of that float. Today, the average trading volume of PGR was 2.43M shares.

PGR’s Market Performance

PGR stocks went up by 3.56% for the week, with a monthly jump of 6.87% and a quarterly performance of 18.21%, while its annual performance rate touched 33.51%. The volatility ratio for the week stands at 1.95% while the volatility levels for the past 30 days are set at 1.83% for The Progressive Corporation. The simple moving average for the period of the last 20 days is 2.36% for PGR stocks with a simple moving average of 19.47% for the last 200 days.

Analysts’ Opinion of PGR

Many brokerage firms have already submitted their reports for PGR stocks, with Argus repeating the rating for PGR by listing it as a “Hold.” The predicted price for PGR in the upcoming period, according to Argus is $61 based on the research report published on August 13th of the current year 2020.

Piper Sandler, on the other hand, stated in their research note that they expect to see PGR reach a price target of $61. The rating they have provided for PGR stocks is “Neutral” according to the report published on June 11th, 2020.

BofA/Merrill gave a rating of “Buy” to PGR, setting the target price at $61 in the report published on June 1st of the current year.

PGR Trading at 6.59% from the 50-Day Moving Average

After a stumble in the market that brought PGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.55% of loss for the given period.

Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares surge +7.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.72% upper at present.

During the last 5 trading sessions, PGR rose by +3.56%, which changed the moving average for the period of 200-days by +30.00% in comparison to the 20-day moving average, which settled at $93.20. In addition, The Progressive Corporation saw 35.37% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PGR starting from Charney M Jeffrey, who sold 5,858 shares at the price of $94.80 back on Sep 01. After this action, Charney M Jeffrey now owns 67,494 shares of The Progressive Corporation, valued at $555,338 using the latest closing price.

Sauerland John P, the VP and Chief Financial Officer of The Progressive Corporation, sold 15,000 shares at $90.28 during a trade that took place back on Aug 20, which means that Sauerland John P is holding 345,662 shares at $1,354,200 based on the most recent closing price.

Stock Fundamentals for PGR

Current profitability levels for the company are sitting at:

  • +13.86 for the present operating margin

The net margin for The Progressive Corporation stands at +10.16. The total capital return value is set at 31.89, while invested capital returns managed to touch 23.75. Equity return is now at value 30.80, with 7.80 for asset returns.

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Based on The Progressive Corporation (PGR), the company’s capital structure generated 33.71 points at debt to equity in total, while total debt to capital is 25.21.

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