Progressive Corp (PGR) concluded trading on Wednesday at a closing price of $246.40, with 3.56 million shares of worth about $878.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.51% during that period and on January 29, 2025 the price saw a gain of about 0.55%. Currently the company’s common shares owned by public are about 585.80M shares, out of which, 584.13M shares are available for trading.
Stock saw a price change of 3.02% in past 5 days and over the past one month there was a price change of 3.23%. Year-to-date (YTD), PGR shares are showing a performance of 4.77% which increased to 39.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $172.26 but also hit the highest price of $265.62 during that period. The average intraday trading volume for Progressive Corp shares is 2.57 million. The stock is currently trading 2.75% above its 20-day simple moving average (SMA20), while that difference is up 0.50% for SMA50 and it goes to 7.49% higher than SMA200.
Progressive Corp (NYSE: PGR) currently have 585.80M outstanding shares and institutions hold larger chunk of about 86.11% of that.
The stock has a current market capitalization of $144.34B and its 3Y-monthly beta is at 0.42. PE ratio of stock for trailing 12 months is 17.89, while it has posted earnings per share of $13.77 in the same period. Its PEG reads 4.56 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 2.69% while standing at 2.22% over the month.
Stock’s fiscal year EPS is expected to drop by -1.99% while it is estimated to increase by 5.48% in next year. EPS is likely to shrink at an annualized rate of 3.92% 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 Raymond James on December 26, 2024 offering an Outperform rating for the stock and assigned a target price of $305 to it. Coverage by HSBC Securities stated Progressive Corp (PGR) stock as a Hold in their note to investors on December 10, 2024, suggesting a price target of $267 for the stock. On September 05, 2024, Barclays Initiated their recommendations, while on August 15, 2024, Goldman Upgrade their ratings for the stock with a price target of $262. Stock get a Buy rating from HSBC Securities on August 12, 2024.
