The Progressive Corporation (PGR) July 20, 2021 Stock Price, Analysis & Forecast
The Progressive Corporation (NYSE: PGR) opened the trading session on July 20, 2021, at $94.83, illustrating a change of -0.1586% compared to the previous close at $94.57. Within the trading session, the stock price jumped to $96 and declined to $94.04. Finally, the stock stabilized at $94.42. Yet, taking into consideration a long-term perspective, The Progressive Corporation reported a 52 Week Range within $82.04-$107.48.
The Progressive Corporation's shares outstanding currently worth $585.20M, withal a float of $583.06M. PGR operates in the FINANCE sector of the FIRE, MARINE & CASUALTY INSURANCE industry and has a market capitalization of $55.25B (as of July 20, 2021). It should be emphasized that The Progressive Corporation's 50-day Moving Average stabilized at $96.57, while such value as 200-day Moving Average is now $95.21.
To determine the company's efficiency, let's take note of The Progressive Corporation's conglomerate performance. As of today, PGR has full-time employees. The Progressive Corporation has generated $inf per worker Within the last fiscal year. At the same time, PGR's income per employee was $inf. And now, let's take note of the company's income report. The Progressive Corporation's Net Income for the last fiscal year was $5.70B, while such value as Income Before Taxes was at the level of $7.17B. PGR's Operating Income was at the mark of $29.35B.
The Progressive Corporation (PGR) Earnings & Revenue
Talking about the Profitability, PGR reached a Profit Margin of 12% and an Operating Margin (TTM) of 15.6%. However, when we touch the questions of management effectiveness, The Progressive Corporation generated a Return on Equity (TTM) of 31% and a Return on Assets (TTM) of 6.89%. A bit more income statements might bring clarity to our overview. According to the results of the latest quarter ended June 30, 2021, The Progressive Corporation generated Revenue (TTM) of $45.69B, reporting a Quarterly Revenue Growth of 8.5%. As for the Revenue Per Share (TTM), this indicator was at the mark of $78.13. The company's Gross Profit (TTM) was $8.67B, while according to the EBITDA report, it was estimated at $7.45B.
The Progressive Corporation (NYSE: PGR) Owners & Shares
Finally, let's take a look at the share statistics. As mentioned above, PGR's shares outstanding now amounts to $585.20M, where Shares Short was $7.65M versus the prior month amounted to $6.42M. (Short % of Float was 1.31%). And now, let's overview which kind of investors works with The Progressive Corporation's stocks. PGR's current ownership accounts for 84.41% institutional investors, while 0.297% of shares belong to the insiders. Also worth mentioning some indicators affecting dividends & splits. Thus, PGR's Forward Annual Dividend Rate is currently at the mark of 0.4, whereas the Dividend Yield is 0.42%, and a Dividend Payout Ratio is 61.2% (Dividend Date: July 15, 2021). The company's Dividend Per Share value thereby is $4.9.
PGR Trading Performance
It's time to observe the current performance indicators for The Progressive Corporation. PGR's price/earnings to growth ratio during the last reported quarter was 33.82%. The company's PE Ratio stands at 10.16%, while PGR's Beta score is 0.465. Also worth noting that The Progressive Corporation's Diluted EPS (Earnings per Share) trailing twelve months is at the mark of 9.29. Other valuable indicators are Price To Sales Ratio (TTM), which is currently recorded at 1.237, as well as Price To Book Ratio, which amounts to 3.014.
The Progressive Corporation Analysis & Estimates
Within the previous 9-day period, The Progressive Corporation's Average True Range (ATR) was 2.4757, while the stock's Stochastic SlowD moving average was 49.3252%, and the SlowK moving average volumed at 49.3252%.