The stock of Progressive Corp (PGR) has seen a 2.22% increase in the past week, with a -0.80% drop in the past month, and a -2.31% decrease in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are at 1.98% for PGR. The simple moving average for the past 20 days is 1.23% for PGR’s stock, with a 5.68% 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 higher price-to-earnings ratio of 17.50x compared to its average ratio, The 36-month beta value for PGR is at 0.42. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 8 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for PGR is 584.16M, and currently, shorts hold a 0.96% of that float. The average trading volume for PGR on January 22, 2025 was 2.45M shares.
PGR) stock’s latest price update
The stock of Progressive Corp (NYSE: PGR) has decreased by -1.10 when compared to last closing price of 243.68. Despite this, the company has experienced a 2.22% gain in its stock price over the last five trading sessions. zacks.com reported 2025-01-21 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 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 -2.29% 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 -9.27% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +0.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.85% lower at present.
During the last 5 trading sessions, PGR rose by +2.22%, which changed the moving average for the period of 200-days by +14.35% in comparison to the 20-day moving average, which settled at $240.98. In addition, Progressive Corp saw 2.48% 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 2.07. 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 conclusion, Progressive Corp (PGR) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
