The company holds a Beta of 0.8765, which implies possible diversification benefits within a given portfolio. Let's try to break down what Progressive's beta means in this case. Progressive Corp returns are very sensitive to returns on the market. As the market goes up or down, Progressive Corp is expected to follow. Even though it is essential to pay attention to
Progressive Corp current trending patterns, it is always good to be careful when utilizing equity existing
price patterns. Our philosophy towards forecasting any stock's
future performance is to check both, its past performance charts as well as the business as a whole, including all available
technical indicators. Progressive Corp exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
Progressive Corp has an expected return of -0.0796%. Please be advised to check Progressive Corp
value at risk, as well as the
relationship between the skewness and
day median price to decide if
Progressive Corp stock performance from the past will be repeated at some point in the near future.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Progressive Corp income statement, its balance sheet, and the statement of cash flows. Potential Progressive Corp investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Progressive Corp investors may use each financial statement separately, they are all related. The changes in Progressive Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Progressive Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of Progressive Corp
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Progressive Corp performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Progressive Corp shares is the value that is considered the true value of the share. If
the intrinsic value of Progressive is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Progressive Corp. Please read more on our
fundamental analysis page.
How effective is Progressive Corp in utilizing its assets?
Progressive Corp reports assets on its Balance Sheet. It represents the amount of Progressive resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, Progressive Corp aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Property & Casualty Insurance space. To get a better handle on how balance sheet or income statements item affect Progressive volatility, please check the breakdown of all its
fundamentals.
Are Progressive Corp Earnings Expected to grow?
The
future earnings power of Progressive Corp involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of Progressive Corp factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. Progressive Corp
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of Progressive
expected earnings.
And What about dividends?
A dividend is the distribution of a portion of Progressive Corp 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 Corp 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 USD0.55 per share.
As of 04/19/2024,
Dividend Paid And Capex Coverage Ratio is likely to grow to 436.54, though
Dividends Paid is likely to grow to (263.7
M).
Investing in dividend-paying stocks, such as Progressive Corp is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Progressive Corp 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 Corp. 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.
Progressive Corp Gross Profit
Progressive Corp Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Progressive Corp previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Progressive Corp Gross Profit growth over the last 10 years. Please check Progressive Corp's
gross profit and other
fundamental indicators for more details.
What is driving Progressive Corp Investor Appetite?
Institutional investors typically avoid acquiring a high percentage of Progressive Corp stocks because performing such an act may violate securities laws. They are usually not investing their own money, but rather making investments on behalf of their clients. Let's take a look at how the ownership of Progressive is distributed among investors.
Ownership Allocation
Progressive Corp owns a total of five hundred eighty-five million seven hundred thousand
outstanding shares. The majority of Progressive Corp
outstanding shares are owned by
third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Progressive Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Progressive Corp. Please pay attention to any change in the institutional holdings of Progressive Corp as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
| Retail Investors15.41% | | Institutions84.29% |
| Retail Investors | 15.41 |
| Insiders | 0.3 |
| Institutions | 84.29 |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Progressive Corp has an asset utilization ratio of 142.99 percent. This connotes that the company is making $1.43 for each dollar of assets. An increasing asset utilization means that Progressive Corp is more efficient with each dollar of assets it utilizes for everyday operations.
| Goodwill | 846.48 Million | 95.5 |
| Tax Assets | 39.9 Million | 4.5 |
Another small fall for Progressive Corp
Progressive Corp treynor ratio is up to 0.0.
As of the 17th of March 2021, Progressive Corp holds the Semi Deviation of 1.56,
coefficient of variation of 20813.79, and Risk Adjusted Performance of 0.0084. 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 nineteen
technical drivers for Progressive Corp, which can be compared to its competitors. Please check
Progressive Corp variance,
value at risk, as well as the
relationship between the Value At Risk and
skewness to decide if Progressive Corp is priced some-what accurately, providing market reflects its current price of 91.1 per share. Given that Progressive Corp has
jensen alpha of
(0.11), we recommend you to check out Progressive Corp's recent market performance to make sure the company can sustain itself at a future point.
The Current Takeaway on Progressive Corp Investment
While few other entities in the insurance—property & casualty industry are either recovering or due for a correction, Progressive Corp may not be performing as strong as the other in terms of long-term growth potentials. The bottom line, as of the 17th of March 2021, we believe that Progressive Corp is currently
undervalued with
low chance of financial distress in the next two years. Our ongoing 30 days buy-or-sell advice on the enterprise is
Buy.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, 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 Vlad Skutelnik do not own shares of Progressive Corp. Please refer to our
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