Progressive stock: buy or sell?

PGR stock price: $73.54 -3.01% At close on March 27th, 2020

Updated on:
March 27th, 2020

3

After boosting an outstanding 7.74% on March 26th, Progressive closed yesterday at $73.54 and fell a terrible -3.01%. On Mar/19 PGR collapsed a bloodcurdling -7.62%.

The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States.

Should I buy Progressive stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Progressive stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean PGR will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Progressive stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for PGR stock for the last 30 days.

Progressive stock analysis

Daily outlook

After boosting an outstanding 7.74% on Mar 26th, Progressive closed yesterday at $73.54 and fell a terrible -3.01%.

After boosting an outstanding 7.74% on Mar/26, Progressive closed yesterday at $73.54 and fell a terrible -3.01%.

PGR stock chart (daily)

Weekly outlook

After sliding a chilling -14.34% in a week last week, Progressive closed this week at $73.54 and skyrocketed an extraordinary 7.70%.

Progressive stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, PGR might consolidate in a flat-base, waiting to break out over or down under . Far behind is the all-time high Progressive hit by mid July 2019 and since then the price is -13.22% below that top.

PGR stock chart (weekly)

Progressive stock price history

Progressive IPO was on March 17th, 1980 at $0.00 per share1. Since then, PGR stock surged a inf%, with an average of inf% per year. If you had invested $1,000 in Progressive stock in 1980, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

Progressive stock historical price chart

PGR stock reached all-time highs on July with a price of $84.74.

Progressive stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' PGR stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not detected any price target for Progressive stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Progressive let down experts when it published an Earnings per Share (EPS) of $0.44 when the analysts' forecast was $1.01.
PGR earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.63n/a
2017-Q32017-12-130.340.4120.6%
2017-Q42018-03-140.770.826.5%
2018-Q12018-04-171.181.223.4%
2018-Q22018-07-171.081.1910.2%
2018-Q32018-10-161.141.5737.7%
2018-Q42019-01-231.010.44-56.4%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Progressive annual sales boosted an astounding 19.15% to $31,979.00 million USD from $26,840.00 marked in 2017. On the other hand, its income margin (compared to revenues) raised to 8.18%, that is $2,615.30 million.

PGR annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$18,160 M-$1,170 M6.4%-
2014$19,396 M6.81%$1,281 M6.6%9.49%
2015$20,855 M7.52%$1,268 M6.1%-1.05%
2016$23,440 M12.40%$1,031 M4.4%-18.67%
2017$26,840 M14.51%$1,592 M5.9%54.43%
2018$31,979 M19.15%$2,615 M8.2%64.26%

Quarterly financial results

Progressive posted $8,035.10 M in sales for 2018-Q4, a -5.42% less compared to previous quarter. Reported quarter income marked $264.70 M with a profit margin of 3.29%. Profit margin eased a -7.63% compared to previous quarter when profit margin was 10.93%. When comparing sales to same quarter last year, Progressive sales marked an exceptional increase and climbed a 12.84%.
PGR quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$6,610 M-$368 M5.6%-
2017-Q3$6,830 M3.33%$224 M3.3%-39.06%
2017-Q4$7,121 M4.26%$576 M8.1%157.28%
2018-Q1$7,430 M4.34%$718 M9.7%24.59%
2018-Q2$8,018 M7.91%$704 M8.8%-1.92%
2018-Q3$8,496 M5.96%$928 M10.9%31.84%
2018-Q4$8,035 M-5.42%$265 M3.3%-71.49%
2019-Q1$9,300 M15.74%$1,078 M11.6%307.40%

Progressive ownership

When you are planning to invest in a stock, it's always worth to have a look its ownership structure.

Progressive shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.29% of all shares.

Bearish positions for PGR stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Progressive:

PGR
Market cap$43.0 B
Total shares584.6 M
Float shares583.0 M
  - Institutional holdings (%)82.0%
  - Insider holdings (%)0.3%
Shares in short selling0.0%

Progressive summary

Friday, March 27th, 2020
Open$72.77
Close$73.54
Day range$71.60 - $74.74
Previous close$75.82
Session gain-3.01%
Average true range$6.38
50d mov avg$77.72
100d mov avg$75.01
200d mov avg$76.11
Daily patternlt02a
Weekly pattern lt06a

Progressive performance

To better understand Progressive performance you must becnhmark its gains with other related stocks in same sector or industry. We chose as the bechmarking frame for Progressive stock.
Stock3m6m12m
PGRProgressive2.07%-4.37%2.55%

Progressive competitors

Unfortunately, we could not find any public company that could be defined as Progressive competitor. This doesn't mean Progressive does not have any competitor in the market, it's just we could not detected it.

    Latest Progressive stock news