Progressive stock: buy or sell?
March 27th, 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?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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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%.
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.
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 targetHow 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 ShareProgressive let down experts when it published an Earnings per Share (EPS) of $0.44 when the analysts' forecast was $1.01.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|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 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%.
|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 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:
|Market cap||$43.0 B|
|Total shares||584.6 M|
|Float shares||583.0 M|
|- Institutional holdings (%)||82.0%|
|- Insider holdings (%)||0.3%|
|Shares in short selling||0.0%|
|Friday, March 27th, 2020|
|Day range||$71.60 - $74.74|
|Average true range||$6.38|
|50d mov avg||$77.72|
|100d mov avg||$75.01|
|200d mov avg||$76.11|
Progressive performanceTo 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.
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