The Progressive Corporation [NYSE: PGR] price surged by 1.67 percent to reach at $1.45. The company report on January 27, 2021 that Progressive Reports December 2020 Results.
The Progressive Corporation (NYSE:PGR) reported the following results for December 2020 and the fourth quarter of 2020:.
A sum of 6282943 shares traded at recent session while its average daily volume was at 2.72M shares. The Progressive Corporation shares reached a high of $89.70 and dropped to a low of $86.80 until finishing in the latest session at $88.49.
The one-year PGR stock forecast points to a potential upside of 12.65. The average equity rating for PGR stock is currently 2.60, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on The Progressive Corporation [PGR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PGR shares is $101.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PGR stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for The Progressive Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 08, 2021. The new note on the price target was released on January 04, 2021, representing the official price target for The Progressive Corporation stock. Previously, the target price had yet another drop from $102 to $96, while Citigroup kept a Neutral rating on PGR stock.
The Average True Range (ATR) for The Progressive Corporation is set at 2.15, with the Price to Sales ratio for PGR stock in the period of the last 12 months amounting to 1.26. The Price to Book ratio for the last quarter was 2.94, with the Price to Cash per share for the same quarter was set at 0.15. Price to Free Cash Flow for PGR in the course of the last twelve months was 11.31.
PGR Stock Performance Analysis:
The Progressive Corporation [PGR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.12. With this latest performance, PGR shares dropped by -5.51% in over the last four-week period, additionally plugging by 4.27% over the last 6 months – not to mention a rise of 14.73% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PGR stock in for the last two-week period is set at 37.13, with the RSI for the last a single of trading hit 29.34, and the three-weeks RSI is set at 37.74 for The Progressive Corporation [PGR]. The present Moving Average for the last 50 days of trading for this stock 93.98, while it was recorded at 90.40 for the last single week of trading, and 88.63 for the last 200 days.
Insight into The Progressive Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and The Progressive Corporation [PGR] shares currently have an operating margin of +13.72. The Progressive Corporation’s Net Margin is presently recorded at +10.18.
Return on Total Capital for PGR is now 31.52, given the latest momentum, and Return on Invested Capital for the company is 23.70. Return on Equity for this stock inclined to 32.42, with Return on Assets sitting at 8.26. When it comes to the capital structure of this company, The Progressive Corporation [PGR] has a Total Debt to Total Equity ratio set at 33.71. Additionally, PGR Total Debt to Total Capital is recorded at 25.21, with Total Debt to Total Assets ending up at 8.90. Long-Term Debt to Equity for the company is recorded at 34.97, with the Long-Term Debt to Total Capital now at 25.21.
Reflecting on the efficiency of the workforce at the company, The Progressive Corporation [PGR] managed to generate an average of $95,506 per employee.
PGR Stock EPS
With the latest financial reports released by the company, The Progressive Corporation posted 1.91/share EPS, while the average EPS was predicted by analysts to be reported at 1.52/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PGR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Progressive Corporation go to 1.36%.
The Progressive Corporation [PGR] Insider Position Details
There are presently around $42,404 million, or 84.30% of PGR stock, in the hands of institutional investors. The top three institutional holders of PGR stocks are: VANGUARD GROUP INC with ownership of 48,516,518, which is approximately -0.941% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 44,504,907 shares of the stock with an approximate value of $3.94 billion in PGR stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $3.41 billion in PGR stock with ownership of nearly -4.365% of the company’s market capitalization.
Positions in The Progressive Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 437 institutional holders increased their position in The Progressive Corporation [NYSE:PGR] by around 29,549,790 shares. Additionally, 431 investors decreased positions by around 23,972,704 shares, while 146 investors held positions by with 425,667,432 shares. The mentioned changes placed institutional holdings at 479,189,926 shares, according to the latest SEC report filing. PGR stock had 101 new institutional investments in for a total of 5,934,443 shares, while 55 institutional investors sold positions of 2,373,975 shares during the same period.