Should You Hold Progressive Corp. (NYSE:PGR)


Progressive Corp. (NYSE:PGR) closed its last session at $56.3. The stock traded within a range of $53.57 and $56.35. The company operates in the Financial Services sector with a market capitalization of 32.73 Million. Trading volume for Progressive Corp. was 6.3 Million in its previous trading session. Currently, Progressive Corp. (NYSE:PGR) has an average volume of 3.43 Million.

Company Profile

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. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. The company’s Commercial Lines segment provides primary liability, physical damage, and other auto-related insurance for autos, vans, and pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses etc. Its Property segment provides residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance.

Analyst Views

Progressive Corp. (NYSE:PGR) received a Buy rating from 1 analysts. 0 analysts gave its stock an Outperform rating. 2 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Progressive Corp. (NYSE:PGR) touched its 1-Year High price of $58.25 on 01/23/18 and its 1-Year Low price of $37.75 on 02/16/17.

EPS & Financials

Progressive Corp. (NYSE:PGR) reported its EPS in the last quarter as $0.82/Share beating the analyst estimate of $0.77/Share by a difference of $0.05. This showed a surprise of 6.5% in the last quarter earnings.

For the current quarter, 16 analysts are projecting a mean EPS of $0.92/share. According to their observations and findings, the stock could provide a high EPS of $1.1/share and a low EPS of $0.77/share.

Analysts believe that the company has the potential to earn average revenue of $7.48 Billion for the current quarter. According to their predictions high & low revenue estimates are 7.72 Billion and 7.19 Billion respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Progressive Corp. (NYSE:PGR) has a 20-Day average volume of 4.81 Million. According to today’s trading volume Progressive Corp. is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BULLISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 0.5 Percent and Institutional ownership of 81.2 Percent. The return on assets stands at 3.8%, Return on Equity currently is 15.8% and the Return on Investment value is 10.8%.

Progressive Corp. (NYSE:PGR) gross margin percentage stands at 0% while its operating margin for the past trailing twelve month is 8 percent and its overall profit margin (ttm) is 5.1 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 3.49% with a 50-Day Simple Moving Average of 2.28 percent. As of today, the company has a SMA200 (200-day simple moving average) of 15.87 Percent. The Stock has YTD (year to date) performance of -0.04 percent.

The TTM operating margin for the company stands at 8%. The return on invested capital is at 10.8%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 10.59.

The company’s stock is currently moving with a +ve distance from the 200 day SMA of approximately 15.87%, and has a solid year to date (YTD) performance of -0.04% which means that the stock is constantly adding to its value from the previous fiscal year end price.