Progressive Corp (PGR) concluded trading on Wednesday at a closing price of $272.54, with 2.77 million shares of worth about $755.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.79% during that period and on March 26, 2025 the price saw a loss of about -0.69%. Currently the company’s common shares owned by public are about 586.00M shares, out of which, 584.57M shares are available for trading.
Stock saw a price change of -0.27% in past 5 days and over the past one month there was a price change of -2.15%. Year-to-date (YTD), PGR shares are showing a performance of 15.88% which increased to 34.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $197.62 but also hit the highest price of $292.99 during that period. The average intraday trading volume for Progressive Corp shares is 2.80 million. The stock is currently trading -2.39% below its 20-day simple moving average (SMA20), while that difference is up 3.41% for SMA50 and it goes to 12.80% higher than SMA200.
Progressive Corp (NYSE: PGR) currently have 586.00M outstanding shares and institutions hold larger chunk of about 87.19% of that.
The stock has a current market capitalization of $159.77B and its 3Y-monthly beta is at 0.39. PE ratio of stock for trailing 12 months is 18.89, while it has posted earnings per share of $14.43 in the same period. Its PEG reads 2.90 while making debt-to-equity ratio of 0.28. 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 1.80% while standing at 2.27% over the month.
Stock’s fiscal year EPS is expected to rise by 10.08% while it is estimated to increase by 1.22% in next year. EPS is likely to shrink at an annualized rate of 6.51% for next 5-years, compared to annual growth of 16.48% 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.
