Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Progressive Corp’s stock clocked out at $273.29, down -3.53% from its previous closing price of $283.28. In other words, the price has decreased by -$3.53 from its previous closing price. On the day, 6.08 million shares were traded. PGR stock price reached its highest trading level at $278.375 during the session, while it also had its lowest trading level at $267.39.
Ratios:
To gain a deeper understanding of PGR’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.28.
On December 10, 2024, HSBC Securities Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $267.
On September 05, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $367.Barclays initiated its Equal Weight rating on September 05, 2024, with a $367 target price.
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 Mar 17 ’25 when Sauerland John P sold 1,542 shares for $282.66 per share. The transaction valued at 435,862 led to the insider holds 268,024 shares of the business.
Bauer Jonathan S. sold 1,696 shares of PGR for $479,391 on Mar 17 ’25. The Chief Investment Officer now owns 26,697 shares after completing the transaction at $282.66 per share. On Mar 17 ’25, another insider, Sauerland John P, who serves as the Officer of the company, bought 1,542 shares for $282.66 each.
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 160204783616 and an Enterprise Value of 166535692288. As of this moment, Progressive’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.95, and their Forward P/E ratio for the next fiscal year is 17.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.13 while its Price-to-Book (P/B) ratio in mrq is 6.26. Its current Enterprise Value per Revenue stands at 2.21 whereas that against EBITDA is 14.769.
Stock Price History:
The Beta on a monthly basis for PGR is 0.38, which has changed by 0.32942545 over the last 52 weeks, in comparison to a change of 0.08275449 over the same period for the S&P500. Over the past 52 weeks, PGR has reached a high of $292.99, while it has fallen to a 52-week low of $197.62. The 50-Day Moving Average of the stock is 5.18%, while the 200-Day Moving Average is calculated to be 13.89%.
Shares Statistics:
It appears that PGR traded 2.65M shares on average per day over the past three months and 3393620 shares per day over the past ten days. A total of 586.00M shares are outstanding, with a floating share count of 584.57M. Insiders hold about 0.28% of the company’s shares, while institutions hold 87.13% stake in the company. Shares short for PGR as of 1740700800 were 6473115 with a Short Ratio of 2.44, compared to 1738281600 on 5425172. Therefore, it implies a Short% of Shares Outstanding of 6473115 and a Short% of Float of 1.11.
Dividends & Splits
With its trailing 12-month dividend rate of 4.9, PGR has a forward annual dividend rate of 4.90. Against a Trailing Annual Dividend Yield of 0.017297374The stock’s 5-year Average Dividend Yield is 1.54. The current Payout Ratio is 34.03% for PGR, which recently paid a dividend on 2025-01-10 with an ex-dividend date of 1743638400. Stock splits for the company last occurred on 2006-05-19 when the company split stock in a 4:1 ratio.
Earnings Estimates
Investors are keenly observing as 15.0 analysts analyze and rate the current performance of Progressive Corp (PGR) in the stock market.The consensus estimate for the next quarter is $3.48, with high estimates of $4.39 and low estimates of $2.97.
Analysts are recommending an EPS of between $16.6 and $14.1 for the fiscal current year, implying an average EPS of $15.13. EPS for the following year is $15.69, with 18.0 analysts recommending between $20.3 and $14.15.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $21.88B. It ranges from a high estimate of $22.74B to a low estimate of $20.39B. As of the current estimate, Progressive Corp’s year-ago sales were $18.96BFor the next quarter, 7 analysts are estimating revenue of $20.95B. There is a high estimate of $21.66B for the next quarter, whereas the lowest estimate is $20.41B.
A total of 10 analysts have provided revenue estimates for PGR’s current fiscal year. The highest revenue estimate was $89.84B, while the lowest revenue estimate was $85.13B, resulting in an average revenue estimate of $86.57B. In the same quarter a year ago, actual revenue was $74.42BBased on 10 analysts’ estimates, the company’s revenue will be $96.47B in the next fiscal year. The high estimate is $98.66B and the low estimate is $92.99B.
