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PGR

FINANCIAL SERVICES

Progressive Corp

AI Stock Analysis· Neutral
Jun 22 · 7:46 PM ET

Progressive Corp (PGR) is currently trading at $207.38, up 1.23% today. The technical indicators suggest a cautious stance, with a HOLD signal reflecting a 60% confidence level. The Relative Strength Index (RSI) stands at 61.6, indicating that the stock is approaching overbought territory. The moving averages provide mixed signals; the 20-day simple moving average (SMA) is $199.86, while the 50-day SMA is slightly higher at $200.02, suggesting short-term bullish momentum. However, the 200-day SMA at $214.32 indicates that the stock is still below its longer-term average, implying potential resistance ahead. The MACD at 1.82, with a signal of 0.93 and a histogram of 0.90, points to a strengthening bullish trend, although caution is warranted given the proximity to overbought levels.

From a fundamental perspective, Progressive exhibits strong growth metrics with an impressive revenue growth of 8.7% quarter-over-quarter and a staggering 1631.7% year-over-year. The company has an earnings per share (EPS) of $19.67, with a quarterly EPS growth of 9.8%. Despite these strong figures, the stock is valued with a price-to-earnings (P/E) ratio of 10.4 and a forward P/E of 12.6, suggesting it may be undervalued relative to its growth trajectory. The gross margin is extraordinarily high at 2947.4%, and the operating margin stands at 1622.9%, reflecting efficient cost management. Analyst sentiment is mixed, with a consensus rating of HOLD, including 4 strong buys, 4 buys, 16 holds, and 1 sell, and a target price of $230.19 indicates potential upside, albeit with caution advised due to the mixed analyst outlook.

Looking ahead, Progressive does not have any earnings scheduled within the next 30 days, which limits immediate catalysts for price movement. However, investors should monitor any significant shifts in margins or revenue growth patterns in the upcoming quarters. Notably, the recent news regarding insider selling, as Steven Broz filed to resell 1,157 shares, could raise questions about insider sentiment. With strong fundamentals but mixed technical signals, the market will be watching for any developments that could impact investor confidence and stock performance in the near future.

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52-Week Range

$187.86$251.59

$213.76

Fundamentals

Market Cap$120.7B
P/E Ratio10.5
EPS$19.67
Dividend Yield0.20%
Dividend / Share$0.40
ROE37.9%
Profit Margin12.9%
Debt / Equity

Trading

Volume1.1M
Avg Volume (10D)
Shares Outstanding582.2M

PGR News

134 articles

Price Data

Open$211.52
Previous Close$207.38
Day High$214.09
Day Low$210.19
52 Week High$251.59
52 Week Low$187.86

About Progressive Corp

The Progressive Corporation is an American insurance company, one of the largest providers of car insurance in the United States. The company insures motorcycles, boats, RVs, and commercial vehicles and provides home insurance through select companies.

70.0K employees
Listed June 1, 1972
FINANCIAL SERVICESINSURANCE - PROPERTY & CASUALTY

Company Details

Security TypeCommon Stock
ExchangeNYSE
CurrencyUSD
Round Lot
SICINSURANCE - PROPERTY & CASUALTY
CIK
Composite FIGI
Share Class FIGI