As of close of business last night, The Progressive Corporation’s stock clocked out at $131.50, down -1.39% from its previous closing price of $133.35. On the day, 1928503 shares were traded.
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Ratios:
To gain a deeper understanding of PGR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 283.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.31. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.39.
Upgrades & Downgrades
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 19 when Broz Steven sold 926 shares for $136.50 per share. The transaction valued at 126,399 led to the insider holds 26,325 shares of the business.
Broz Steven sold 930 shares of PGR for $128,145 on Apr 21. The Chief Information Officer now owns 27,251 shares after completing the transaction at $137.79 per share. On Apr 19, another insider, Bleser Philip, who serves as the Director of the company, sold 2,000 shares for $139.86 each. As a result, the insider received 279,720 and left with 2,129 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PGR now has a Market Capitalization of 80.90B and an Enterprise Value of 87.58B. As of this moment, The’s Price-to-Earnings (P/E) ratio for their current fiscal year is 94.81, and their Forward P/E ratio for the next fiscal year is 16.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 4.70. Its current Enterprise Value per Revenue stands at 1.68.
Stock Price History:
Over the past 52 weeks, PGR has reached a high of $149.87, while it has fallen to a 52-week low of $108.64. The 50-Day Moving Average of the stock is 137.59, while the 200-Day Moving Average is calculated to be 131.48.
Shares Statistics:
It appears that PGR traded 2.95M shares on average per day over the past three months and 2.97M shares per day over the past ten days. A total of 584.90M shares are outstanding, with a floating share count of 583.03M. Insiders hold about 0.20% of the company’s shares, while institutions hold 86.70% stake in the company. Shares short for PGR as of Apr 27, 2023 were 3.74M with a Short Ratio of 3.74M, compared to 3.61M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.64% and a Short% of Float of 0.64%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.40, PGR has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 0.30%, it implies a Forward Annual Dividend Yield of 0.29%. The stock’s 5-year Average Dividend Yield is 2.32. The current Payout Ratio is 28.20% for PGR, which recently paid a dividend on Jul 13, 2023 with an ex-dividend date of Jul 05, 2023. Stock splits for the company last occurred on Jan 26, 2014 when the company split stock in a 1:1 ratio.
Earnings Estimates
As of right now, 17 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.13 for the current quarter, with a high estimate of $1.52 and a low estimate of $0.75, while EPS last year was $0.96. The consensus estimate for the next quarter is $1.48, with high estimates of $1.67 and low estimates of $1.3.
Analysts are recommending an EPS of between $5.63 and $4.28 for the fiscal current year, implying an average EPS of $5.18. EPS for the following year is $7.9, with 18 analysts recommending between $9.4 and $6.46.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $15.16B. It ranges from a high estimate of $15.47B to a low estimate of $14.7B. As of the current estimate, The Progressive Corporation’s year-ago sales were $12.42B, an estimated increase of 22.00% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $15.39B, an increase of 18.20% less than the figure of $22.00% in the same quarter last year. There is a high estimate of $15.76B for the next quarter, whereas the lowest estimate is $14.68B.
A total of 9 analysts have provided revenue estimates for PGR’s current fiscal year. The highest revenue estimate was $63.91B, while the lowest revenue estimate was $59.68B, resulting in an average revenue estimate of $61.61B. In the same quarter a year ago, actual revenue was $51.08B, up 20.60% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $69.59B in the next fiscal year. The high estimate is $74.42B and the low estimate is $66.48B. The average revenue growth estimate for next year is up 12.90% from the average revenue estimate for this year.
