Progressive Corp Stock Analysis

PGR Stock  USD 206.15  1.50  0.73%   
Progressive Corp is overvalued with Real Value of 178.95 and Target Price of 155.87. The main objective of Progressive Corp stock analysis is to determine its intrinsic value, which is an estimate of what Progressive Corp is worth, separate from its market price. There are two main types of Progressive Corp's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Progressive Corp's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Progressive Corp's stock to identify patterns and trends that may indicate its future price movements.
The Progressive Corp stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Progressive Corp is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Progressive Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Progressive Corp's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.

Progressive Stock Analysis Notes

About 87.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 0.29. Progressive Corp recorded earning per share (EPS) of 6.59. The entity last dividend was issued on the 3rd of April 2024. The firm had 4:1 split on the 19th of May 2006. The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio. Progressive Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 49077 people. To find out more about Progressive Corp contact John Auer at 440 461 5000 or learn more at https://www.progressive.com.

Progressive Corp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Progressive Corp's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Progressive Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Progressive is showing solid risk-adjusted performance over 90 days
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
Latest headline from finance.yahoo.com: Progressive is a Great Momentum Stock Should You Buy

Progressive Corp Upcoming and Recent Events

Earnings reports are used by Progressive Corp to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Progressive Corp previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
11th of April 2024
Upcoming Quarterly Report
View
11th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
22nd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

Progressive Largest EPS Surprises

Earnings surprises can significantly impact Progressive Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2000-11-15
2000-09-300.030.040.0133 
2000-07-20
2000-06-300.020.01-0.0150 
2000-01-27
1999-12-310.020.01-0.0150 
View All Earnings Estimates

Progressive Corp Thematic Classifications

In addition to having Progressive Corp stock in your portfolios, you can 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 favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
FinTech Idea
FinTech
A collection of large financial service, investment, and banking companies

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 originate 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 Plc2023-12-31
8.9 M
T. Rowe Price Associates, Inc.2023-12-31
8.5 M
Morgan Stanley - Brokerage Accounts2023-12-31
7.6 M
Principal Financial Group Inc2023-12-31
7.3 M
Capital World Investors2023-12-31
6.9 M
Norges Bank2023-12-31
6.8 M
Bank Of New York Mellon Corp2023-12-31
6.4 M
Viking Global Investors Lp2023-12-31
5.9 M
Deutsche Bank Ag2023-12-31
5.8 M
Vanguard Group Inc2023-12-31
51.5 M
Blackrock Inc2023-12-31
46.6 M
Note, although Progressive Corp's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Progressive Market Capitalization

The company currently falls under 'Mega-Cap' category with a total capitalization of 120.74 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Progressive Corp's market, we take the total number of its shares issued and multiply it by Progressive Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Progressive Profitablity

Progressive Corp's profitability indicators refer to fundamental financial ratios that showcase Progressive Corp's ability to generate income relative to its revenue or operating costs. If, let's say, Progressive Corp is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Progressive Corp's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Progressive Corp's profitability requires more research than a typical breakdown of Progressive Corp's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.06 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.15 %, which entails that for every 100 dollars of revenue, it generated $0.15 of operating income.
Last ReportedProjected for 2024
Return On Capital Employed 0.93  0.98 
Return On Assets 0.05  0.04 
Return On Equity 0.19  0.21 

Management Efficiency

Progressive Corp has Return on Asset of 0.0394 % which means that on every $100 spent on assets, it made $0.0394 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2158 %, implying that it generated $0.2158 on every 100 dollars invested. Progressive Corp's management efficiency ratios could be used to measure how well Progressive Corp manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Progressive Corp's Return On Capital Employed is relatively stable compared to the past year. As of 03/28/2024, Return On Equity is likely to grow to 0.21, while Return On Assets are likely to drop 0.04. At this time, Progressive Corp's Total Assets are relatively stable compared to the past year. As of 03/28/2024, Non Current Assets Total is likely to grow to about 63.5 B, while Intangible Assets are likely to drop slightly above 227 M.
Last ReportedProjected for 2024
Price Book Value Ratio 4.59  2.37 
Enterprise Value Multiple 334.10  350.80 
Price Fair Value 4.59  2.37 
The analysis of Progressive Corp's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Progressive Corp's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Progressive Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0056
Forward Dividend Yield
0.0056
Forward Dividend Rate
1.15
Beta
0.347

Technical Drivers

As of the 28th of March, Progressive Corp holds the Risk Adjusted Performance of 0.2427, downside deviation of 0.6086, and Standard Deviation of 1.0. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Progressive Corp, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for eighteen technical drivers for Progressive Corp, which can be compared to its competitors. Please check Progressive Corp information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Progressive Corp is priced some-what accurately, providing market reflects its current price of 206.15 per share. Given that Progressive Corp has treynor ratio of 5.97, we recommend you to check out Progressive Corp's recent market performance to make sure the company can sustain itself at a future point.

Progressive Corp Price Movement Analysis

The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Progressive Corp middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Progressive Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Progressive Corp Outstanding Bonds

Progressive Corp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Progressive Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Progressive bonds can be classified according to their maturity, which is the date when Progressive Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Progressive Corp Predictive Daily Indicators

Progressive Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Progressive Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Progressive Corp Corporate Filings

25th of March 2024
Other Reports
ViewVerify
F4
22nd of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
21st of March 2024
Other Reports
ViewVerify
8K
15th of March 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
13th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
7th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
5th of March 2024
Other Reports
ViewVerify
10K
26th of February 2024
Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance
ViewVerify

Progressive Corp Forecast Models

Progressive Corp's time-series forecasting models are one of many Progressive Corp's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Progressive Corp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Progressive Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Progressive Corp prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Progressive shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Progressive Corp. By using and applying Progressive Stock analysis, traders can create a robust methodology for identifying Progressive entry and exit points for their positions.
Last ReportedProjected for 2024
Pretax Profit Margin 0.08  0.13 
Operating Profit Margin 0.82  0.86 
Net Profit Margin 0.06  0.1 
Gross Profit Margin 1.00  0.80 

Current Progressive Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Progressive analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Progressive analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
155.87Buy22Odds
Progressive Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Progressive analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Progressive stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Progressive Corp, talking to its executives and customers, or listening to Progressive conference calls.
Progressive Analyst Advice Details

Progressive Stock Analysis Indicators

Progressive Corp stock analysis indicators help investors evaluate how Progressive Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Progressive Corp shares will generate the highest return on investment. By understating and applying Progressive Corp stock analysis, traders can identify Progressive Corp position entry and exit signals to maximize returns.
Begin Period Cash Flow220.9 M
Long Term Debt6.9 B
Common Stock Shares Outstanding587.5 M
Total Stockholder Equity20.3 B
Tax Provision684.6 M
Quarterly Earnings Growth Y O Y1.424
Property Plant And Equipment Net1.1 B
Cash And Short Term Investments62.3 B
Cash99.6 M
Net DebtB
50 Day M A188.4052
Total Current Liabilities29.6 B
Other Operating Expenses-56.9 B
Non Current Assets Total60.5 B
Forward Price Earnings22.8311
Non Currrent Assets Other-8.7 B
Stock Based Compensation121.3 M
When determining whether Progressive Corp is a strong investment it is important to analyze Progressive Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Progressive Corp's future performance. For an informed investment choice regarding Progressive Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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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
1.424
Dividend Share
1.15
Earnings Share
6.59
Revenue Per Share
106.142
Quarterly Revenue Growth
0.254
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.