Examining Progressive Corp. (PGR)’s cash flow and debt position

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.

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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.

Insider Transactions:

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.

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 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.

Shares Statistics:

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.

Earnings Estimates

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.

Revenue Estimates

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.

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