Progressive Story

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PGR -- USA Stock  

USD 94.80  1.35  1.44%

Progressive Dividend Yield is relatively stable at the moment as compared to the past year. Progressive reported last year Dividend Yield of 0.0171. As of 09/16/2020, Earnings per Basic Share is likely to grow to 7.28, while Average Assets are likely to drop slightly above 42.8 B. As many baby boomers are still indifferent towards financial services space, it makes sense to sum up Progressive. I will take a closer look at this stock and the latest sentiment generated by retail investors. In this post, I will also go over some essential variables affecting Progressive's products, and show how it may impact the entity outlook for active traders this year.
Published over three months ago
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Is Progressive (NYSE:PGR) undervalued?
On a scale of 0 to 100, Progressive holds a performance score of 12. The company holds a Beta of 0.4107, which implies possible diversification benefits within a given portfolio. Let's try to break down what Progressive's beta means in this case. As returns on the market increase, Progressive returns are expected to increase less than the market. However, during the bear market, the loss on holding Progressive will be expected to be smaller as well. Although it is vital to follow Progressive current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Progressive technical indicators, you can presently evaluate if the expected return of 0.26% will be sustainable into the future. Please employ Progressive value at risk, as well as the relationship between the skewness and day median price to make a quick decision on whether Progressive historical price patterns will revert.

And What about dividends?

A dividend is the distribution of a portion of Progressive earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Progressive dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Progressive one year expected dividend income is about $1.04 per share.
As of 01/16/2021, Dividend Yield is likely to grow to 0.0225, while Preferred Dividends Income Statement Impact is likely to drop slightly above 19.1 M.
Last ReportedProjected for 2021
Preferred Dividends Income Statement Impact19.3 M19.1 M
Payment of Dividends and Other Cash Distributions-753.1 M-812.6 M
Dividend Yield 0.0171  0.0225 
Dividends per Basic Common Share 1.29  1.20 
Investing in dividend-paying stocks, such as Progressive is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Progressive must own a stock before its ex-dividend date to receive its next dividend. This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Progressive. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

How important is Progressive's Liquidity

Progressive financial leverage refers to using borrowed capital as a funding source to finance Progressive ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Progressive financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Progressive's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Progressive, but it might be worth checking our own buy vs. sell analysis

A Deeper Perspective

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Progressive has an asset utilization ratio of 135.95 percent. This connotes that the company is making $1.36 for each dollar of assets. An increasing asset utilization means that Progressive is more efficient with each dollar of assets it utilizes for everyday operations.
 2017 2018 2019 2020 (projected)
PPandE Turnover23.3728.4133.2826.67
Calculated Tax Rate25.2817.1522.8728.57

Will Progressive fall impact its fundamentals?

Latest potential upside is at 3.38. Progressive has relatively low volatility with skewness of 0.52 and kurtosis of 1.09. However, we advise all investors to independently investigate Progressive to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns.

Our Conclusion on Progressive

While many other companies in the insurance?property & casualty industry are either recovering or due for a correction, Progressive may not be as strong as the others in terms of longer-term growth potentials. To sum up, as of the 16th of September 2020, our analysis shows that Progressive slowly supersedes the market. The enterprise is undervalued and projects low chance of bankruptcy for the next 2 years. Our ongoing 30 days buy-sell recommendation on the enterprise is Strong Buy.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Progressive. Please refer to our Terms of Use for any information regarding our disclosure principles.

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