Progressive Corp Stock Buy Hold or Sell Recommendation
PGR Stock | USD 213.00 1.69 0.79% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Progressive Corp is 'Strong Buy'. Macroaxis provides Progressive Corp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding PGR positions. The advice algorithm takes into account all of Progressive Corp's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Progressive Corp's buy or sell advice are summarized below:
Real Value 198.54 | Target Price 155.87 | Hype Value 212.28 | Market Value 213 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Progressive Corp given historical horizon and risk tolerance towards Progressive Corp. When Macroaxis issues a 'buy' or 'sell' recommendation for Progressive Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Progressive |
Execute Progressive Corp Buy or Sell Advice
The Progressive recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Progressive Corp. Macroaxis does not own or have any residual interests in Progressive Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Progressive Corp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Progressive Corp Trading Alerts and Improvement Suggestions
The company has 7.07 B in debt with debt to equity (D/E) ratio of 0.43, which is OK given its current industry classification. Progressive Corp has a current ratio of 0.4, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Progressive Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Progressive Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive Corp's use of debt, we should always consider it together with cash and equity. | |
Progressive Corp has a frail financial position based on the latest SEC disclosures | |
Over 87.0% of Progressive Corp shares are owned by institutional investors | |
On 12th of April 2024 Progressive Corp paid $ 0.1 per share dividend to its current shareholders | |
Latest headline from insidermonkey.com: The Travelers Companies, Inc. Q1 2024 Earnings Call Transcript |
Progressive Corp Returns Distribution Density
The distribution of Progressive Corp's historical returns is an attempt to chart the uncertainty of Progressive Corp's future price movements. The chart of the probability distribution of Progressive Corp daily returns describes the distribution of returns around its average expected value. We use Progressive Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Progressive Corp returns is essential to provide solid investment advice for Progressive Corp.
Mean Return | 0.35 | Value At Risk | -1.05 | Potential Upside | 2.36 | Standard Deviation | 1.13 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Progressive Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Progressive Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Progressive Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Progressive Corp backward and forwards among themselves. Progressive Corp's institutional investor refers to the entity that pools money to purchase Progressive Corp's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Hhg Plc | 2023-12-31 | 8.9 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 8.5 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 7.6 M | Principal Financial Group Inc | 2023-12-31 | 7.3 M | Capital World Investors | 2023-12-31 | 6.9 M | Norges Bank | 2023-12-31 | 6.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 6.4 M | Viking Global Investors Lp | 2023-12-31 | 5.9 M | Deutsche Bank Ag | 2023-12-31 | 5.8 M | Vanguard Group Inc | 2023-12-31 | 51.5 M | Blackrock Inc | 2023-12-31 | 46.6 M |
Progressive Corp Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change In Cash | 152.4M | (150.9M) | 125.6M | 18.8M | (121.3M) | (115.2M) | |
Free Cash Flow | 5.9B | 6.7B | 7.5B | 6.6B | 10.4B | 10.9B | |
Depreciation | 306.1M | 331.8M | 337.4M | 336.6M | 299.7M | 170.5M | |
Other Non Cash Items | (984.9M) | (1.5B) | (1.4B) | 2.1B | 327.2M | 343.6M | |
Dividends Paid | 1.7B | 1.6B | 3.8B | 260.8M | 277.6M | 453.8M | |
Capital Expenditures | 363.5M | 223.5M | 243.5M | 292M | 252M | 153.5M | |
Net Income | 4.0B | 5.7B | 3.4B | 721.5M | 3.9B | 4.1B | |
End Period Cash Flow | 227.4M | 76.5M | 202.1M | 220.9M | 99.6M | 83.8M | |
Change To Inventory | 4.0B | 3.3B | 6.7B | 7.5B | 6.7B | 7.0B | |
Change To Netincome | (928M) | (1.5B) | (1.3B) | 2.2B | 2.0B | 2.1B | |
Investments | (4.1B) | (6.0B) | (2.7B) | (8.0B) | (9.5B) | (9.0B) | |
Change Receivables | (1.6B) | (2.0B) | (1.0B) | (1.7B) | (1.6B) | (1.5B) |
Progressive Corp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Progressive Corp or Insurance sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Progressive Corp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Progressive stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.34 | |
β | Beta against NYSE Composite | 0.05 | |
σ | Overall volatility | 1.02 | |
Ir | Information ratio | 0.23 |
Progressive Corp Volatility Alert
Progressive Corp has low volatility with Treynor Ratio of 6.3, Maximum Drawdown of 7.37 and kurtosis of 3.78. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Progressive Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Progressive Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Progressive Corp Implied Volatility
Progressive Corp's implied volatility exposes the market's sentiment of Progressive Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Progressive Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Progressive Corp stock will not fluctuate a lot when Progressive Corp's options are near their expiration.
Progressive Corp Fundamentals Vs Peers
Comparing Progressive Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Progressive Corp's direct or indirect competition across all of the common fundamentals between Progressive Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as Progressive Corp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Progressive Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing Progressive Corp by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Progressive Corp to competition |
Fundamentals | Progressive Corp | Peer Average |
Return On Equity | 0.3 | -0.31 |
Return On Asset | 0.0542 | -0.14 |
Profit Margin | 0.09 % | (1.27) % |
Operating Margin | 0.17 % | (5.51) % |
Current Valuation | 131.31 B | 16.62 B |
Shares Outstanding | 585.69 M | 571.82 M |
Shares Owned By Insiders | 0.26 % | 10.09 % |
Shares Owned By Institutions | 87.39 % | 39.21 % |
Number Of Shares Shorted | 4.39 M | 4.71 M |
Price To Earning | 93.06 X | 28.72 X |
Price To Book | 6.04 X | 9.51 X |
Price To Sales | 1.84 X | 11.42 X |
Revenue | 62.08 B | 9.43 B |
Gross Profit | 1.69 B | 27.38 B |
EBITDA | 299.7 M | 3.9 B |
Net Income | 3.9 B | 570.98 M |
Cash And Equivalents | 4.59 B | 2.7 B |
Cash Per Share | 7.84 X | 5.01 X |
Total Debt | 7.07 B | 5.32 B |
Debt To Equity | 0.43 % | 48.70 % |
Current Ratio | 0.41 X | 2.16 X |
Book Value Per Share | 37.24 X | 1.93 K |
Cash Flow From Operations | 10.64 B | 971.22 M |
Short Ratio | 1.47 X | 4.00 X |
Earnings Per Share | 9.77 X | 3.12 X |
Price To Earnings To Growth | 1.48 X | 4.89 X |
Target Price | 226.87 | |
Number Of Employees | 61.43 K | 18.84 K |
Beta | 0.35 | -0.15 |
Market Capitalization | 124.75 B | 19.03 B |
Total Asset | 84.33 B | 29.47 B |
Retained Earnings | 18.8 B | 9.33 B |
Annual Yield | 0.01 % |
Progressive Corp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Progressive . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 0.0154 | |||
Daily Balance Of Power | (0.51) | |||
Rate Of Daily Change | 0.99 | |||
Day Median Price | 214.54 | |||
Day Typical Price | 214.03 | |||
Market Facilitation Index | 3.34 | |||
Price Action Indicator | (2.39) | |||
Period Momentum Indicator | (1.69) |
About Progressive Corp Buy or Sell Advice
When is the right time to buy or sell Progressive Corp? Buying financial instruments such as Progressive Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 4.9B | 6.5B | 7.1B | 7.4B | Total Assets | 71.1B | 70.2B | 84.3B | 88.5B |
Use Investing Ideas to Build Portfolios
In addition to having Progressive Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies manufacturing rubber and plastics accessories. The Plastics theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Plastics Theme or any other thematic opportunities.
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Check out Progressive Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Progressive Stock analysis
When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.253 | Dividend Share 1.15 | Earnings Share 9.77 | Revenue Per Share 111.143 | Quarterly Revenue Growth 0.206 |
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.