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Progressive Corp. (NYSE: PGR) closed the day trading at $251.34 down -1.58% from the previous closing price of $255.37. In other words, the price has decreased by -$1.58 from its previous closing price. On the day, 2.86 million shares were traded. PGR stock price reached its highest trading level at $259.59 during the session, while it also had its lowest trading level at $250.88.
Ratios:
For a better understanding of PGR, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on September 05, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $367.
On August 15, 2024, Goldman Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $230 to $262.
HSBC Securities Upgraded its Hold to Buy on August 12, 2024, while the target price for the stock was maintained at $253.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 27 ’24 when Van Dyke Kahina sold 2,180 shares for $252.28 per share. The transaction valued at 549,970 led to the insider holds 13,723 shares of the business.
Van Dyke Kahina bought 2,180 shares of PGR for $549,970 on Sep 27 ’24. On Sep 23 ’24, another insider, Broz Steven, who serves as the Chief Information Officer of the company, sold 2,982 shares for $260.00 each. As a result, the insider received 775,320 and left with 29,334 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 147234471936 and an Enterprise Value of 153370279936. As of this moment, Progressive’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.25, and their Forward P/E ratio for the next fiscal year is 18.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.05 while its Price-to-Book (P/B) ratio in mrq is 6.31. Its current Enterprise Value per Revenue stands at 2.131 whereas that against EBITDA is 14.192.
Stock Price History:
Over the past 52 weeks, PGR has reached a high of $260.46, while it has fallen to a 52-week low of $148.48. The 50-Day Moving Average of the stock is 1.53%, while the 200-Day Moving Average is calculated to be 18.30%.
Shares Statistics:
Over the past 3-months, PGR traded about 2.34M shares per day on average, while over the past 10 days, PGR traded about 2365240 shares per day. A total of 585.30M shares are outstanding, with a floating share count of 584.00M. Insiders hold about 0.28% of the company’s shares, while institutions hold 87.97% stake in the company. Shares short for PGR as of 1727654400 were 4733588 with a Short Ratio of 2.02, compared to 1724976000 on 5355358. Therefore, it implies a Short% of Shares Outstanding of 4733588 and a Short% of Float of 0.8099999999999999.
Dividends & Splits
PGR’s forward annual dividend rate is 1.15, up from 1.15 a year ago. Against a Trailing Annual Dividend Yield of 0.0045032697The stock’s 5-year Average Dividend Yield is 1.72.
