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The Progressive Corporation (PGR)
209.81  -7.29 (-3.36%)    07-16 11:33
Open: 222.52
High: 222.88
Volume: 1,214,052
  
Pre. Close: 217.1
Low: 209.1301
Market Cap: 122,885(M)
Technical analysis
2024-07-16 11:21:55 AM
Short term     
Mid term     
Targets 6-month :  250.71 1-year :  260.32
Resists First :  214.65 Second :  222.88
Pivot price 210.53
Supports First :  201.33 Second :  167.51
MAs MA(5) :  212.46 MA(20) :  210.38
MA(100) :  206.71 MA(250) :  174.32
MACD MACD :  0.9 Signal :  0.6
%K %D K(14,3) :  72 D(3) :  81
RSI RSI(14): 49.7
52-week High :  222.88 Low :  117.63
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ PGR ] has closed above bottom band by 45.3%. Bollinger Bands are 31.7% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 217.23 - 217.99 217.99 - 218.68
Low: 212.11 - 213.1 213.1 - 214
Close: 215.54 - 216.91 216.91 - 218.17
Company Description

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.

Headline News

Tue, 16 Jul 2024
PGR: 3 Insurance Stocks With Resilient Underwriting and Profitability - StockNews.com

Tue, 16 Jul 2024
Progressive shares up 2% as Q2 earnings exceed estimates - Investing.com

Tue, 16 Jul 2024
Concurrent Investment Advisors LLC Buys 2,719 Shares of The Progressive Co. (NYSE:PGR) - American Banking and Market News

Tue, 16 Jul 2024
Progressive Corp's Profit Multiplies Fourfold In Second Quarter - Finimize

Tue, 16 Jul 2024
Progressive Reports June 2024 Results - StockTitan

Mon, 15 Jul 2024
1,566 Shares in The Progressive Co. (NYSE:PGR) Bought by KCM Investment Advisors LLC - Defense World

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Insurance - Property & Casualty
Shares Out 586 (M)
Shares Float 583 (M)
Held by Insiders 0.2 (%)
Held by Institutions 87 (%)
Shares Short 5,220 (K)
Shares Short P.Month 4,780 (K)
Stock Financials
EPS 9.77
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 37.24
Profit Margin 8.8 %
Operating Margin 17.4 %
Return on Assets (ttm) 5.4 %
Return on Equity (ttm) 29.9 %
Qtrly Rev. Growth 20.6 %
Gross Profit (p.s.) 0
Sales Per Share 111.01
EBITDA (p.s.) 13.43
Qtrly Earnings Growth 425.2 %
Operating Cash Flow 12,430 (M)
Levered Free Cash Flow 12,830 (M)
Stock Valuations
PE Ratio 21.5
PEG Ratio 0.4
Price to Book value 5.64
Price to Sales 1.89
Price to Cash Flow 9.9
Stock Dividends
Dividend 0.1
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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