Progressive Corp (PGR) concluded trading on Thursday at a closing price of $261.29, with 2.97 million shares of worth about $775.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.56% during that period and on December 05, 2024 the price saw a gain of about 0.36%. Currently the company’s common shares owned by public are about 585.80M shares, out of which, 584.15M shares are available for trading.
Stock saw a price change of -2.09% in past 5 days and over the past one month there was a price change of 5.33%. Year-to-date (YTD), PGR shares are showing a performance of 64.77% which increased to 60.49% 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 $270.62 during that period. The average intraday trading volume for Progressive Corp shares is 2.28 million. The stock is currently trading -0.06% below its 20-day simple moving average (SMA20), while that difference is up 2.75% for SMA50 and it goes to 15.65% higher than SMA200.
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Progressive Corp (NYSE: PGR) currently have 585.80M outstanding shares and institutions hold larger chunk of about 86.19% of that.
The stock has a current market capitalization of $153.07B and its 3Y-monthly beta is at 0.38. PE ratio of stock for trailing 12 months is 18.98, while it has posted earnings per share of $13.77 in the same period. Its PEG reads 0.47 while making debt-to-equity ratio of 0.25. 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 1.59% while standing at 1.93% over the month.
Stock’s fiscal year EPS is expected to rise by 114.70% while it is estimated to increase by 6.55% in next year. EPS is likely to grow at an annualized rate of 40.36% 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.
