Progressive Story

PGR -- USA Stock

USD 94.80 1.35 1.44%

Macroaxis Story

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 09/17/2020, Earnings per Basic Share is likely to grow to 7.28, while Average Assets are likely to drop slightly above 42.8 B. While some baby boomers are getting worried about financial services space, it is reasonable to sum up Progressive. What exactly are Progressive shareholders getting in October? In this post, I will also go over a few different drivers affecting Progressive's products and services, and explain how it may impact Progressive retail investors.

Published over three months ago

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Reasons Progressive (NYSE:PGR) can excite retail investors

The company's average rating is Hold from 14 analysts. Macroaxis provides advice on Progressive to complement and cross-verify current analyst consensus on Progressive. Our recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon.

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 01/17/2021, 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 Reported	Projected for 2021
Preferred Dividends Income Statement Impact	19.3 M	19.1 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)
Cash and Equivalents	275.3 M	75 M	227.4 M	191.5 M
Total Assets	38.7 B	46.58 B	54.9 B	59.23 B

Cash and Equivalents Total Assets

Will Progressive pull back in October 2020?

Maximum drawdown is down to 7.42. It may connote a possible volatility fall. As of the 17th of September 2020, Progressive holds the Risk Adjusted Performance of 0.2156, semi deviation of 1.02, and Coefficient Of Variation of 525.31. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Progressive, 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 interpolate data for nineteen technical drivers for Progressive, which can be compared to its competitors. Please check Progressive variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Progressive is priced some-what accurately, providing market reflects its current price of 95.43 per share. Given that Progressive has jensen alpha of 0.2009, we recommend you to check out Progressive's recent market performance to make sure the company can sustain itself at a future point.

While some firms under the insurance?property & casualty industry are still a bit expensive, Progressive may offer a potential longer-term growth to retail investors. To conclude, as of the 17th of September 2020, we see that Progressive follows the market closely. The enterprise is undervalued with low probability of bankruptcy within the next 24 months. Our primary 30 days buy-sell recommendation on the enterprise is Strong Buy.

About Contributor

Ellen Johnson is a Member of Macroaxs Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management. View Profile

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 Ellen Johnson do not own shares of Progressive. Please refer to our Terms of Use for any information regarding our disclosure principles.

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