Progressive Corp (PGR) concluded trading on Thursday at a closing price of $242.83, with 3.34 million shares of worth about $809.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.17% during that period and on October 31, 2024 the price saw a loss of about -0.07%. Currently the company’s common shares owned by public are about 585.30M shares, out of which, 584.00M shares are available for trading.
Stock saw a price change of -1.64% in past 5 days and over the past one month there was a price change of -4.56%. Year-to-date (YTD), PGR shares are showing a performance of 53.13% which increased to 54.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $148.48 but also hit the highest price of $260.46 during that period. The average intraday trading volume for Progressive Corp shares is 2.19 million. The stock is currently trading -2.41% below its 20-day simple moving average (SMA20), while that difference is down -3.11% for SMA50 and it goes to 12.17% higher than SMA200.
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Progressive Corp (NYSE: PGR) currently have 585.30M outstanding shares and institutions hold larger chunk of about 86.46% of that.
The stock has a current market capitalization of $142.22B and its 3Y-monthly beta is at 0.35. PE ratio of stock for trailing 12 months is 17.64, while it has posted earnings per share of $13.77 in the same period. Its PEG reads 0.44 while making debt-to-equity ratio of 0.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PGR, volatility over the week remained 1.45% while standing at 1.83% over the month.
Stock’s fiscal year EPS is expected to rise by 112.20% while it is estimated to increase by 6.05% in next year. EPS is likely to grow at an annualized rate of 39.99% for next 5-years, compared to annual growth of 8.09% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on September 05, 2024 offering an Equal weight rating for the stock and assigned a target price of $367 to it. Coverage by Goldman stated Progressive Corp (PGR) stock as a Buy in their note to investors on August 15, 2024, suggesting a price target of $262 for the stock. On August 12, 2024, HSBC Securities Upgrade their recommendations, while on July 17, 2024, Keefe Bruyette Upgrade their ratings for the stock with a price target of $245. Stock get an Overweight rating from Morgan Stanley on March 06, 2024.
