Currently, there are 585.30M common shares owned by the public and among those 584.00M shares have been available to trade.
The company’s stock has a 5-day price change of 1.04% and 13.67% over the past three months. PGR shares are trading 58.66% year to date (YTD), with the 12-month market performance up to 63.09% higher. It has a 12-month low price of $148.48 and touched a high of $260.46 over the same period. PGR has an average intraday trading volume of 2.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.78%, 2.27%, and 18.94% respectively.
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Institutional ownership of Progressive Corp. (NYSE: PGR) shares accounts for 88.01% of the company’s 585.30M shares outstanding.
It has a market capitalization of $147.35B and a beta (3y monthly) value of 0.35. The stock’s trailing 12-month PE ratio is 21.52, while the earnings-per-share (ttm) stands at $11.69. The company has a PEG of 0.54 and the debt-to-equity ratio at 0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.77% over the week and 1.73% over the month.
Earnings per share for the fiscal year are expected to increase by 114.62%, and 3.40% over the next financial year. EPS should grow at an annualized rate of 39.67% over the next five years, compared to 8.09% over the past 5-year period.
Looking at the support for the PGR, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on September 05, 2024, with the firm’s price target at $367. Goldman coverage for the Progressive Corp. (PGR) stock in a research note released on August 15, 2024 offered a Buy rating with a price target of $262. HSBC Securities was of a view on August 12, 2024 that the stock is Buy, while Keefe Bruyette gave the stock Outperform rating on July 17, 2024, issuing a price target of $210- $245. Morgan Stanley on their part issued Overweight rating on March 06, 2024.
