The stock of Progressive Corp (PGR) has gone down by -0.83% for the week, with a -2.85% drop in the past month and a -4.59% drop in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are 1.96% for PGR. The simple moving average for the past 20 days is -0.91% for PGR’s stock, with a 3.81% simple moving average for the past 200 days.
Is It Worth Investing in Progressive Corp (NYSE: PGR) Right Now?
The price-to-earnings ratio for Progressive Corp (NYSE: PGR) is above average at 17.12x, Company’s 36-month beta value is 0.42.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 8 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for PGR is 584.16M, and currently, short sellers hold a 0.96% ratio of that floaft. The average trading volume of PGR on January 14, 2025 was 2.46M shares.
PGR) stock’s latest price update
The stock price of Progressive Corp (NYSE: PGR) has surged by 0.07 when compared to previous closing price of 235.61, but the company has seen a -0.83% decline in its stock price over the last five trading sessions. zacks.com reported 2025-01-13 that Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Analysts’ Opinion of PGR
Many brokerage firms have already submitted their reports for PGR stocks, with Raymond James repeating the rating for PGR by listing it as a “Outperform.” The predicted price for PGR in the upcoming period, according to Raymond James is $305 based on the research report published on December 26, 2024 of the previous year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see PGR reach a price target of $267. The rating they have provided for PGR stocks is “Hold” according to the report published on December 10th, 2024.
Barclays gave a rating of “Equal Weight” to PGR, setting the target price at $367 in the report published on September 05th of the previous year.
PGR Trading at -4.28% 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 -11.23% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -3.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.44% lower at present.
During the last 5 trading sessions, PGR fell by -2.66%, which changed the moving average for the period of 200-days by +15.21% in comparison to the 20-day moving average, which settled at $241.98. In addition, Progressive Corp saw 0.25% 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 Quigg Andrew J, who sale 681 shares at the price of $242.10 back on Jan 03 ’25. After this action, Quigg Andrew J now owns 33,612 shares of Progressive Corp, valued at $164,870 using the latest closing price.
Murphy John Jo, the Claims President of Progressive Corp, sale 1,663 shares at $242.10 during a trade that took place back on Jan 03 ’25, which means that Murphy John Jo is holding 45,289 shares at $402,612 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 2.02. 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
In a nutshell, Progressive Corp (PGR) has experienced a mixed performance in recent times. The stock has received mixed “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.
