The Progressive Corporation (NYSE:PGR) went down by -0.85% from its latest closing price compared to the recent 1-year high of $107.58. The company’s stock price has collected -1.12% of loss in the last five trading sessions. Barron’s reported on 08/30/21 that This Chairman Turns 100 Soon. His Company’s Stock May Be Worth a Look.
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 10.03 x from its present earnings ratio. Plus, the 36-month beta value for PGR is at 0.47. Opinions of the stock are interesting as 4 analysts out of 17 who provided ratings for The Progressive Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 4 as “sell.”
The average price from analysts is $97.25, which is $5.11 above the current price. PGR currently public float of 583.08M and currently shorts hold a 1.89% ratio of that float. Today, the average trading volume of PGR was 2.82M shares.
PGR’s Market Performance
PGR stocks went down by -1.12% for the week, with a monthly drop of -3.04% and a quarterly performance of -0.60%, while its annual performance rate touched 1.44%. The volatility ratio for the week stands at 1.31% while the volatility levels for the past 30 days are set at 1.52% for The Progressive Corporation. The simple moving average for the period of the last 20 days is -2.73% for PGR stocks with a simple moving average of -1.43% for the last 200 days.
Analysts’ Opinion of PGR
Many brokerage firms have already submitted their reports for PGR stocks, with Wolfe Research repeating the rating for PGR by listing it as a “Underperform.” The predicted price for PGR in the upcoming period, according to Wolfe Research is $85 based on the research report published on August 17th of the current year 2021.
Morgan Stanley, on the other hand, stated in their research note that they expect to see PGR reach a price target of $85, previously predicting the price at $90. The rating they have provided for PGR stocks is “Underweight” according to the report published on June 07th, 2021.
Raymond James gave a rating of “Outperform” to PGR, setting the target price at $115 in the report published on April 19th of the current year.
PGR Trading at -3.05% 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 -13.37% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.31%, as shares sank -4.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.83% lower at present.
During the last 5 trading sessions, PGR fell by -1.12%, which changed the moving average for the period of 200-days by +4.25% in comparison to the 20-day moving average, which settled at $95.62. In addition, The Progressive Corporation saw -1.25% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at PGR starting from Sauerland John P, who sale 12,000 shares at the price of $95.47 back on Aug 19. After this action, Sauerland John P now owns 307,702 shares of The Progressive Corporation, valued at $1,145,640 using the latest closing price.
Charney M Jeffrey, the Chief Marketing Officer of The Progressive Corporation, sale 14,300 shares at $95.89 during a trade that took place back on Aug 19, which means that Charney M Jeffrey is holding 55,777 shares at $1,371,173 based on the most recent closing price.
Stock Fundamentals for PGR
Current profitability levels for the company are sitting at:
- +17.33 for the present operating margin
The net margin for The Progressive Corporation stands at +13.38. The total capital return value is set at 35.94, while invested capital returns managed to touch 28.24. Equity return is now at value 31.30, with 8.30 for asset returns.
Based on The Progressive Corporation (PGR), the company’s capital structure generated 32.72 points at debt to equity in total, while total debt to capital is 24.65. Total debt to assets is 9.18, with long-term debt to equity ratio resting at 30.68. Finally, the long-term debt to capital ratio is 22.44.
When we switch over and look at the enterprise to sales, we see a ratio of 1.51, with the company’s debt to enterprise value settled at 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.