Progressive Corp (PGR) concluded trading on Thursday at a closing price of $242.76, with 3.61 million shares of worth about $876.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.23% during that period and on December 12, 2024 the price saw a loss of about -0.40%. Currently the company’s common shares owned by public are about 585.80M shares, out of which, 584.16M shares are available for trading.
Stock saw a price change of -7.09% in past 5 days and over the past one month there was a price change of -7.46%. Year-to-date (YTD), PGR shares are showing a performance of 53.09% which increased to 47.66% 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 2.34 million. The stock is currently trading -6.00% below its 20-day simple moving average (SMA20), while that difference is down -4.31% for SMA50 and it goes to 6.80% higher than SMA200.
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Progressive Corp (NYSE: PGR) currently have 585.80M outstanding shares and institutions hold larger chunk of about 86.20% of that.
The stock has a current market capitalization of $142.21B and its 3Y-monthly beta is at 0.38. PE ratio of stock for trailing 12 months is 17.63, 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 0.25. 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 2.70% while standing at 1.97% over the month.
Stock’s fiscal year EPS is expected to rise by 115.11% while it is estimated to increase by 7.25% 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 HSBC Securities on December 10, 2024 offering a Hold rating for the stock and assigned a target price of $267 to it. Coverage by Barclays stated Progressive Corp (PGR) stock as an Equal weight in their note to investors on September 05, 2024, suggesting a price target of $367 for the stock. On August 15, 2024, Goldman Upgrade their recommendations, while on August 12, 2024, HSBC Securities Upgrade their ratings for the stock with a price target of $253. Stock get an Outperform rating from Keefe Bruyette on July 17, 2024.
