Progressive stock: buy or sell?

PGR stock price: $83.77 -0.11% At close on February 14th, 2020

Updated on:
February 14th, 2020

5

After marking all time highs on February 14th, Progressive remained constant -0.11% on Feb/14 to $83.77.

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:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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

Daily outlook

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.

PGR stock chart (daily)

Weekly outlook

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%).

PGR stock chart (weekly)

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 target

Nobody 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.
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

Compared 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%.

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 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%.
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 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:

PGR
Market cap$49.0 B
Total shares584.6 M
Float shares582.3 M
  - Institutional holdings (%)83.2%
  - Insider holdings (%)0.3%
Shares in short selling0.0%

Progressive summary

Friday, February 14th, 2020
Open$83.86
Close$83.77
Day range$83.33 - $84.09
Previous close$83.86
Session gain-0.11%
Average true range$1.59
50d mov avg$74.88
100d mov avg$72.60
200d mov avg$74.45
Daily patternlb03a
Weekly pattern lb01c

Progressive performance

Stocks 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.
Stock3m6m12m
PGRProgressive18.59%11.72%21.79%

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