Is Progressive Corp Stock a Good Investment?
Progressive Corp Investment Advice | PGR |
- Examine Progressive Corp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Progressive Corp's leadership team and their track record. Good management can help Progressive Corp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Property & Casualty Insurance space and any emerging trends that could impact Progressive Corp's business and its evolving consumer preferences.
- Compare Progressive Corp's performance and market position to its competitors. Analyze how Progressive Corp is positioned in terms of product offerings, innovation, and market share.
- Check if Progressive Corp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Progressive Corp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Progressive Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Progressive Corp is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Slowly supersedes 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 |
Examine Progressive Corp Stock
Researching Progressive Corp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 87.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.48. Progressive Corp recorded earning per share (EPS) of 9.76. The entity last dividend was issued on the 3rd of April 2024. The firm had 4:1 split on the 19th of May 2006.
To determine if Progressive Corp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Progressive Corp's research are outlined below:
| 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 benzinga.com: Progressive, Q2 Holdings And 2 Other Stocks Insiders Are Selling |
Progressive Corp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Progressive Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Progressive Corp's 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 |
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. Below are the table of largest EPS Surprises Progressive Corp's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2000-11-15 | 2000-09-30 | 0.03 | 0.04 | 0.01 | 33 | ||
2000-07-20 | 2000-06-30 | 0.02 | 0.01 | -0.01 | 50 | ||
2000-01-27 | 1999-12-31 | 0.02 | 0.01 | -0.01 | 50 | ||
1999-10-19 | 1999-09-30 | 0.06 | 0.07 | 0.01 | 16 | ||
1998-04-16 | 1998-03-31 | 0.1 | 0.11 | 0.01 | 10 | ||
1998-01-27 | 1997-12-31 | 0.1 | 0.09 | -0.01 | 10 | ||
1997-07-16 | 1997-06-30 | 0.1 | 0.09 | -0.01 | 10 | ||
1997-01-21 | 1996-12-31 | 0.09 | 0.1 | 0.01 | 11 |
Know Progressive Corp's Top 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 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's market capitalization trends
The company currently falls under 'Mega-Cap' category with a total capitalization of 124.28 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.Market Cap |
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Progressive Corp's profitablity analysis
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.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.04 | |
| Return On Capital Employed | 0.93 | 0.98 | |
| Return On Assets | 0.05 | 0.04 | |
| Return On Equity | 0.19 | 0.21 |
Determining Progressive Corp's profitability involves analyzing its financial statements and using various financial metrics to determine if Progressive Corp is a good buy. For example, gross profit margin measures Progressive Corp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Progressive Corp's profitability and make more informed investment decisions.
The data published in Progressive Corp's official financial statements usually reflect Progressive Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Progressive Corp. For example, before you start analyzing numbers published by Progressive accountants, it's critical to develop an understanding of what Progressive Corp's liquidity, profitability, and earnings quality are in the context of the Insurance space in which it operates.
Please note, the presentation of Progressive Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Progressive Corp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Progressive Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Progressive Corp. Please utilize our Beneish M Score to check the likelihood of Progressive Corp's management manipulating its earnings.
Evaluate Progressive Corp's management efficiency
Progressive Corp has Return on Asset of 0.0542 % which means that on every $100 spent on assets, it made $0.0542 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2992 %, implying that it generated $0.2992 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 04/25/2024, Return On Equity is likely to grow to 0.21, while Return On Tangible Assets are likely to drop 0.04. At this time, Progressive Corp's Fixed Asset Turnover is relatively stable compared to the past year.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 34.67 | 36.40 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 31.39 | 32.96 | |
| Enterprise Value Over EBITDA | 334.10 | 350.80 | |
| Price Book Value Ratio | 4.59 | 2.37 | |
| Enterprise Value Multiple | 334.10 | 350.80 | |
| Price Fair Value | 4.59 | 2.37 | |
| Enterprise Value | 13.2 B | 13.8 B |
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 0.0054 | Forward Dividend Yield 0.0054 | Forward Dividend Rate 1.15 | Beta 0.346 |
Basic technical analysis of Progressive Stock
As of the 25th of April, Progressive Corp holds the Risk Adjusted Performance of 0.2011, semi deviation of 0.4531, and Coefficient Of Variation of 317.31. 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 214.02 per share. Given that Progressive Corp has jensen alpha of 0.3208, 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's Outstanding Corporate 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 P OH Corp BondUS743315AJ20 | View | |
| PROGRESSIVE P OH Corp BondUS743315AL75 | View | |
| PROGRESSIVE P OH Corp BondUS743315AP89 | View | |
| PROGRESSIVE P OH Corp BondUS743315AQ62 | View | |
| PROGRESSIVE P OH Corp BondUS743315AR46 | View | |
| PROGRESSIVE P OH Corp BondUS743315AS29 | View | |
| PROGRESSIVE P OH Corp BondUS743315AT02 | View | |
| PROGRESSIVE P OH Corp BondUS743315AV57 | View |
Understand Progressive Corp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Progressive Corp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.2011 | |||
| Market Risk Adjusted Performance | 1.11 | |||
| Mean Deviation | 0.7763 | |||
| Semi Deviation | 0.4531 | |||
| Downside Deviation | 0.9503 | |||
| Coefficient Of Variation | 317.31 | |||
| Standard Deviation | 1.13 | |||
| Variance | 1.27 | |||
| Information Ratio | 0.2372 | |||
| Jensen Alpha | 0.3208 | |||
| Total Risk Alpha | 0.2046 | |||
| Sortino Ratio | 0.2813 | |||
| Treynor Ratio | 1.1 | |||
| Maximum Drawdown | 7.37 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 2.36 | |||
| Downside Variance | 0.9031 | |||
| Semi Variance | 0.2053 | |||
| Expected Short fall | (0.90) | |||
| Skewness | 0.9687 | |||
| Kurtosis | 3.77 |
| Risk Adjusted Performance | 0.2011 | |||
| Market Risk Adjusted Performance | 1.11 | |||
| Mean Deviation | 0.7763 | |||
| Semi Deviation | 0.4531 | |||
| Downside Deviation | 0.9503 | |||
| Coefficient Of Variation | 317.31 | |||
| Standard Deviation | 1.13 | |||
| Variance | 1.27 | |||
| Information Ratio | 0.2372 | |||
| Jensen Alpha | 0.3208 | |||
| Total Risk Alpha | 0.2046 | |||
| Sortino Ratio | 0.2813 | |||
| Treynor Ratio | 1.1 | |||
| Maximum Drawdown | 7.37 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 2.36 | |||
| Downside Variance | 0.9031 | |||
| Semi Variance | 0.2053 | |||
| Expected Short fall | (0.90) | |||
| Skewness | 0.9687 | |||
| Kurtosis | 3.77 |
Consider Progressive Corp's intraday 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
F4 | 19th of April 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 |
8K | 12th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 11th of April 2024 Other Reports | ViewVerify | |
| 25th of March 2024 Other Reports | ViewVerify |
Progressive Stock media impact
Far too much social signal, news, headlines, and media speculation about Progressive Corp that are available to investors today. That information is available publicly through Progressive media outlets and privately through word of mouth or via Progressive internal channels. However, regardless of the origin, that massive amount of Progressive data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Progressive Corp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Progressive Corp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Progressive Corp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Progressive Corp alpha.
Progressive Corp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Progressive Corp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Progressive Corp Historical Investor Sentiment
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with an investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Progressive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progressive Corp and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Progressive Corp news discussions. The higher the estimate score, the more favorable the investor's outlook on Progressive Corp.
Progressive Corp Maximum Pain Price across 2024-05-17 Option Contracts
Progressive Corp's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Progressive Corp close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Progressive Corp's options.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Progressive Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Progressive Corp Corporate Directors
Progressive Corp corporate directors refer to members of a Progressive Corp board of directors. The board of directors generally takes responsibility for the Progressive Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Progressive Corp's board members must vote for the resolution. The Progressive Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Stuart Burgdoerfer | Independent Director | Profile | |
| Patrick Nettles | Independent Director | Profile | |
| Philip Bleser | Independent Director | Profile | |
| Bradley Sheares | Independent Director | Profile |
How to buy Progressive Stock?
To provide specific investment advice or recommendations on Progressive Corp stock, we recommend investors consider the following general factors when evaluating Progressive Corp. This will help you to make an informed decision on whether to include Progressive Corp in one of your diversified portfolios:- Examine Progressive Corp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Progressive Corp's leadership team and their track record. Good management can help Progressive Corp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Property & Casualty Insurance space and any emerging trends that could impact Progressive Corp's business and its evolving consumer preferences.
- Compare Progressive Corp's performance and market position to its competitors. Analyze how Progressive Corp is positioned in terms of product offerings, innovation, and market share.
- Check if Progressive Corp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Progressive Corp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Progressive Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Progressive Corp is a good investment.
Already Invested in Progressive Corp?
The danger of trading Progressive Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Progressive Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Progressive Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Progressive Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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 9.76 | 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.
In summary, please note that there is a difference between Progressive Corp's value and its price, as these two are different measures arrived at by various 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.