Stocks of Progressive Corp. (PGR) are poised to climb above their peers

With 1.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.23 million shares. During the session, the Insurance – Property & Casualty company that operates in wider Financial sector, reached to the highest price of $249.96 whereas the lowest price it dropped to was $246.405. The 52-week range on PGR shows that it touched its highest point at $260.46 and its lowest point at $148.48 during that stretch. It currently has a 1-year price target of $277.06. With its current market cap of 144.58 billion, PGR has annualized dividend of $1.15 while the current yield stands at 0.47%. Beta for the stock currently stands at 0.35.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PGR was down-trending over the past week, with a drop of -1.78%, but this was down by -3.94% over a month. Three-month performance surged to 14.46% while six-month performance rose 17.52%. The stock gained 58.71% in the past year, while it has gained 55.68% so far this year. A look at the trailing 12-month EPS for PGR yields 13.77 with Next year EPS estimates of 13.69. For the next quarter, that number is 3.07. This implies an EPS growth rate of 112.25% for this year and 5.57% for next year. EPS is expected to grow by 39.99% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.09%.

Float and Shares Shorts:

At present, 585.30 million PGR shares are outstanding with a float of 584.00 million shares on hand for trading. On 2024-09-30, short shares totaled 4.73 million, which was 81.0 higher than short shares on 1724976000. In addition to Ms. Susan Patricia Griffith as the firm’s President, CEO & Director, Mr. John Peter Sauerland serves as its VP & CFO.

Institutional Ownership:

Through their ownership of 0.86958003 of PGR’s outstanding shares, institutional investors have minority control over the company.