The price-to-earnings ratio for Progressive Corp (NYSE: PGR) is 17.67x, which is above its average ratio. Moreover, the 36-month beta value for PGR is 0.40. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 7 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for PGR is 584.16M and currently, short sellers hold a 0.85% of that float. On December 26, 2024, PGR’s average trading volume was 2.40M shares.
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PGR) stock’s latest price update
Progressive Corp (NYSE: PGR)’s stock price has increased by 0.93 compared to its previous closing price of 241.01. However, the company has seen a -1.73% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-12-25 that Progressive (PGR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
PGR’s Market Performance
Progressive Corp (PGR) has seen a -1.73% fall in stock performance for the week, with a -8.58% decline in the past month and a -5.35% plunge in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 2.04% for PGR. The simple moving average for the past 20 days is -3.51% for PGR’s stock, with a 6.05% simple moving average for the past 200 days.
Analysts’ Opinion of PGR
Many brokerage firms have already submitted their reports for PGR stocks, with HSBC Securities repeating the rating for PGR by listing it as a “Hold.” The predicted price for PGR in the upcoming period, according to HSBC Securities is $267 based on the research report published on December 10, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see PGR reach a price target of $367. The rating they have provided for PGR stocks is “Equal Weight” according to the report published on September 05th, 2024.
Goldman gave a rating of “Buy” to PGR, setting the target price at $262 in the report published on August 15th of the current year.
PGR Trading at -3.69% 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 -10.12% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -8.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.43% lower at present.
During the last 5 trading sessions, PGR fell by -1.73%, which changed the moving average for the period of 200-days by +23.64% in comparison to the 20-day moving average, which settled at $252.10. In addition, Progressive Corp saw 53.39% 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 sale 10,000 shares at the price of $268.09 back on Nov 29 ’24. After this action, Sauerland John P now owns 292,958 shares of Progressive Corp, valued at $2,680,900 using the latest closing price.
Sauerland John P, the Officer of Progressive Corp, proposed sale 10,000 shares at $268.09 during a trade that took place back on Nov 29 ’24, which means that Sauerland John P is holding shares at $2,680,900 based on the most recent closing price.
Stock Fundamentals for PGR
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 1.0 for the gross margin
The net margin for Progressive Corp stands at 0.11. The total capital return value is set at 0.07. 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 2.08. The receivables turnover for the company is 4.73for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
To wrap up, the performance of Progressive Corp (PGR) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
