The Progressive Corporation (NYSE:PGR) went up by 1.11% from its latest closing price compared to the recent 1-year high of $97.81. The company’s stock price has collected -3.38% of loss in the last five trading sessions. Press Release reported on 09/17/20 that Progressive Reports August 2020 Results
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 12.37 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,” 8 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $98.00, which is $5.53 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 2.40M shares.
PGR’s Market Performance
PGR stocks went down by -3.38% for the week, with a monthly drop of -0.61% and a quarterly performance of 15.39%, while its annual performance rate touched 23.55%. The volatility ratio for the week stands at 3.12% while the volatility levels for the past 30 days are set at 2.33% for The Progressive Corporation. The simple moving average for the period of the last 20 days is -2.27% for PGR stocks with a simple moving average of 14.59% for the last 200 days.
Analysts’ Opinion of PGR
Many brokerage firms have already submitted their reports for PGR stocks, with Keefe Bruyette repeating the rating for PGR by listing it as a “Outperform.” The predicted price for PGR in the upcoming period, according to Keefe Bruyette is $87 based on the research report published on September 22nd of the current year 2020.
PGR Trading at 0.94% 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 -5.74% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares surge +0.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.35% upper at present.
During the last 5 trading sessions, PGR fell by -3.38%, which changed the moving average for the period of 200-days by +25.72% in comparison to the 20-day moving average, which settled at $94.34. In addition, The Progressive Corporation saw 31.27% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at PGR starting from Sauerland John P, who sale 15,000 shares at the price of $94.94 back on Sep 18. After this action, Sauerland John P now owns 330,662 shares of The Progressive Corporation, valued at $1,424,100 using the latest closing price.
Griffith Susan Patricia, the President and CEO of The Progressive Corporation, sale 33,750 shares at $94.94 during a trade that took place back on Sep 18, which means that Griffith Susan Patricia is holding 455,314 shares at $3,204,225 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.
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. Total debt to assets is 8.40, with long-term debt to equity ratio resting at 34.38. Finally, the long-term debt to capital ratio is 24.78.
When we switch over and look at the enterrpise to sales, we see a ratio of 1.22, with the company’s debt to enterprise value settled at 0.10. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.