In the latest session, Progressive Corp. (NYSE: PGR) closed at $159.35 up 1.13% from its previous closing price of $157.57. In other words, the price has increased by $+1.78 from its previous closing price. On the day, 2019048 shares were traded. PGR stock price reached its highest trading level at $160.58 during the session, while it also had its lowest trading level at $157.68.
For a deeper understanding of Progressive Corp.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.40.
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 24 when Burgdoerfer Stuart B sold 6,720 shares for $155.30 per share. The transaction valued at 1,043,588 led to the insider holds 14,039 shares of the business.
Burgdoerfer Stuart B sold 8,280 shares of PGR for $1,283,400 on Oct 23. The Director now owns 20,759 shares after completing the transaction at $155.00 per share. On Oct 13, another insider, KELLY JEFFREY D, who serves as the Director of the company, sold 15,000 shares for $150.00 each. As a result, the insider received 2,250,000 and left with 36,809 shares of the company.
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 92.18B and an Enterprise Value of 99.44B. As of this moment, Progressive’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.57, and their Forward P/E ratio for the next fiscal year is 20.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 5.52. Its current Enterprise Value per Revenue stands at 1.70.
Stock Price History:
Over the past 52 weeks, PGR has reached a high of $161.98, while it has fallen to a 52-week low of $111.41. The 50-Day Moving Average of the stock is 149.67, while the 200-Day Moving Average is calculated to be 138.06.
For the past three months, PGR has traded an average of 2.37M shares per day and 2.56M over the past ten days. A total of 584.90M shares are outstanding, with a floating share count of 583.48M. Insiders hold about 0.27% of the company’s shares, while institutions hold 87.95% stake in the company. Shares short for PGR as of Oct 30, 2023 were 4.34M with a Short Ratio of 4.34M, compared to 3.84M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.74% and a Short% of Float of 0.74%.
Dividends & Splits
According to the company, the forward annual dividend rate for PGR is 0.40, from 0.40 in the trailing year. Against a Trailing Annual Dividend Yield of 0.25%, it implies a Forward Annual Dividend Yield of 0.25%. The stock’s 5-year Average Dividend Yield is 2.17. The current Payout Ratio is 33.81% for PGR, which recently paid a dividend on Oct 12, 2023 with an ex-dividend date of Oct 03, 2023. Stock splits for the company last occurred on Jan 26, 2014 when the company split stock in a 1:1 ratio.
There are 18 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.28 for the current quarter, with a high estimate of $2.82 and a low estimate of $2.03, while EPS last year was $1.52. The consensus estimate for the next quarter is $2.09, with high estimates of $2.54 and low estimates of $1.72.
Analysts are recommending an EPS of between $5.97 and $5.17 for the fiscal current year, implying an average EPS of $5.46. EPS for the following year is $7.87, with 19 analysts recommending between $9.65 and $6.03.
A total of 5 analysts believe the company’s revenue will be $14.94B this quarter.It ranges from a high estimate of $16.4B to a low estimate of $14.48B. As of the current estimate, Progressive Corp.’s year-ago sales were $12.46B, an estimated increase of 19.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $18.04B, an increase of 13.70% less than the figure of $19.90% in the same quarter last year. There is a high estimate of $18.63B for the next quarter, whereas the lowest estimate is $16.71B.
A total of 9 analysts have provided revenue estimates for PGR’s current fiscal year. The highest revenue estimate was $61.2B, while the lowest revenue estimate was $58.65B, resulting in an average revenue estimate of $60.62B. In the same quarter a year ago, actual revenue was $51.08B, up 18.70% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $68.93B in the next fiscal year. The high estimate is $74.38B and the low estimate is $62.67B. The average revenue growth estimate for next year is up 13.70% from the average revenue estimate for this year.