The stock of Progressive Corp (PGR) has gone down by -0.76% for the week, with a 8.73% rise in the past month and a 4.64% rise in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are 2.02% for PGR. The simple moving average for the past 20 days is 1.69% for PGR’s stock, with a 17.43% simple moving average for the past 200 days.
Is It Worth Investing in Progressive Corp (NYSE: PGR) Right Now?
Progressive Corp (NYSE: PGR) has a price-to-earnings ratio that is above its average at 19.18x. The stock has a 36-month beta value of 0.38. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 7 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for PGR is 584.15M, and at present, short sellers hold a 0.73% of that float. On December 03, 2024, the average trading volume of PGR was 2.27M shares.
PGR) stock’s latest price update
The stock price of Progressive Corp (NYSE: PGR) has plunged by -1.80 when compared to previous closing price of 268.88, but the company has seen a -0.76% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-02 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Analysts’ Opinion of PGR
Many brokerage firms have already submitted their reports for PGR stocks, with Barclays repeating the rating for PGR by listing it as a “Equal Weight.” The predicted price for PGR in the upcoming period, according to Barclays is $367 based on the research report published on September 05, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see PGR reach a price target of $262, previously predicting the price at $230. The rating they have provided for PGR stocks is “Buy” according to the report published on August 15th, 2024.
HSBC Securities gave a rating of “Buy” to PGR, setting the target price at $253 in the report published on August 12th of the current year.
PGR Trading at 3.94% 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 -2.43% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares surge +8.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.85% upper at present.
During the last 5 trading sessions, PGR fell by -0.76%, which changed the moving average for the period of 200-days by +39.53% in comparison to the 20-day moving average, which settled at $259.66. In addition, Progressive Corp saw 66.51% 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 Sauerland John P, who proposed sale 10,000 shares at the price of $268.09 back on Nov 29 ’24. After this action, Sauerland John P now owns shares of Progressive Corp, valued at $2,680,900 using the latest closing price.
Broz Steven, the Chief Information Officer of Progressive Corp, sale 2,981 shares at $251.15 during a trade that took place back on Oct 21 ’24, which means that Broz Steven is holding 26,353 shares at $748,678 based on the most recent closing price.
Stock Fundamentals for PGR
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 1.37 for the gross margin
The net margin for Progressive Corp stands at 0.16. The total capital return value is set at 0.1. Equity return is now at value 36.41, with 9.00 for asset returns.
Based on Progressive Corp (PGR), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 2.11. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 25.13.
Currently, EBITDA for the company is 5.47 billion with net debt to EBITDA at 0.63. When we switch over and look at the enterprise to sales, we see a ratio of 3.09. The receivables turnover for the company is 3.45for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
To sum up, Progressive Corp (PGR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
