Progressive stock: buy or sell?
February 14th, 2020
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?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, 2 buy setups match with Progressive stock right now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Progressive stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't find any rating for PGR stock for the last 30 days.
Progressive stock analysis
After marking all time highs on Feb/14, Progressive remained steady -0.11% on February/14 to $83.77.
Shares of Progressive closed on February/14 at $83.77 after reaching a new all time high ($84.09) even it couldn't close with gains and remained stable a tight -0.11%. Since last Jan 9th when PGR stock price broke up the SMA200d line, it gained $10.58 (14.46%). From a daily outlook perspective, PGR is drawing an uptrend of rising tops and rising bottoms. Since its last top on Tuesday at $84.06, price slid and found support around $82.12. Breaking down under $82.12 would cancel the current uptrend and it might slide further to test lower supports. Note that $84.06 might act as a resistance line. Trading the long side, we should wait to a new breakout over $84.06 to find the next buy point.
Shares of Progressive closed this week at $83.77 after marking a new all time high ($84.09) and gained a slightly fine 0.61%. With this, it's been 5 climbing weeks in a row, soaring a 13.98%.
If you observe the weekly chart, price finally broke over the resistance at $72.16 and continued climbing. Since price and SMA40w lines crossed up by mid January, PGR climbed $10.07 (13.66%).
Progressive stock price history
Progressive IPO was on March 17th, 1980 at $0.00 per share1. Since then, PGR stock grew a inf%, with a yearly average of inf%. If you had invested right after PGR's IPO a $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 Feb/14 with a price of $84.09.
Progressive stock price targetNobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not detected any price prediction for Progressive stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per Share, Progressive missed the expectations of the experts and posted a chilling EPS of $0.44 per share when experts were expecting $1.01.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an extraordinary growth of 19.15% to $31,979.00 million USD. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) appreciated a 2.25% to 8.18%.
|2013||$18,160 M||-||$1,170 M6.4%||-|
|2014||$19,396 M||6.81%||$1,281 M6.6%||9.49%|
|2015||$20,855 M||7.52%||$1,268 M6.1%||-1.05%|
|2016||$23,440 M||12.40%||$1,031 M4.4%||-18.67%|
|2017||$26,840 M||14.51%||$1,592 M5.9%||54.43%|
|2018||$31,979 M||19.15%||$2,615 M8.2%||64.26%|
Quarterly financial resultsProgressive reported $8,035.10 million in sales for 2018-Q4, a -5.42% decline compared to previous quarter. Reported quarter income marked $264.70 million with a profit margin of 3.29%. Profit margin fell a -7.63% compared to previous quarter when profit margin was 10.93%. When comparing revenues to same quarter last year, Progressive sales marked an outstanding gain and rocketed a 12.84%.
|2017-Q2||$6,610 M||-||$368 M5.6%||-|
|2017-Q3||$6,830 M||3.33%||$224 M3.3%||-39.06%|
|2017-Q4||$7,121 M||4.26%||$576 M8.1%||157.28%|
|2018-Q1||$7,430 M||4.34%||$718 M9.7%||24.59%|
|2018-Q2||$8,018 M||7.91%||$704 M8.8%||-1.92%|
|2018-Q3||$8,496 M||5.96%||$928 M10.9%||31.84%|
|2018-Q4||$8,035 M||-5.42%||$265 M3.3%||-71.49%|
|2019-Q1||$9,300 M||15.74%||$1,078 M11.6%||307.40%|
Progressive ownershipWhen you are planning to buy a company, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Progressive, 0.29% of all outstanding shares are owned by its staff.
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:
|Market cap||$49.0 B|
|Total shares||584.6 M|
|Float shares||582.3 M|
|- Institutional holdings (%)||83.2%|
|- Insider holdings (%)||0.3%|
|Shares in short selling||0.0%|
|Friday, February 14th, 2020|
|Day range||$83.33 - $84.09|
|Average true range||$1.59|
|50d mov avg||$74.88|
|100d mov avg||$72.60|
|200d mov avg||$74.45|
Progressive performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose as the bechmarking frame for Progressive stock.
Progressive competitorsUnfortunately, 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
- InvestorPlaceProgressive Earnings: PGR Stock Falls Despite Q2 TopperJuly 17, 2019
- InvestorPlaceDoes Progressive Have More Room to Drive?May 3, 2019
- InvestorPlaceProgressive Stock Isn’t Worth a Look Without a CatalystApril 15, 2019
- InvestorPlace3 Big Stock Charts for Monday: L Brands, Progressive and Packaging Corp. of AmericaApril 1, 2019
- InvestorPlacePortfolio Grader Indicates Progressive Stock Is a BuyDecember 10, 2018