Progressive Stock Analysis

PGR Stock  USD 137.05  0.00  0.00%   
The modest gains experienced by current holders of Progressive Corp may encourage retail investors to take a closer look at the company as it is trading at a share price of 137.05 on 852,372 in trading volume. The company directors and management have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in February. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.71. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
Check out Your Equity Center. To learn how to invest in Progressive Stock please use our How to Invest in Progressive Corp guide.
  
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, Christmas Day ( substitute day ), New Year 's Monday, 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.

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 0.91. Progressive Corp last dividend was issued on the 5th of April 2023. The entity 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 Quarterly Cost of Revenue

9.82 Billion

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.
The company has 6.39 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 strong financial position based on the latest SEC filings
Over 87.0% of Progressive Corp shares are owned by institutional investors
Latest headline from simplywall.st: Have The Progressive Corporation Insiders Been Selling Their Stock

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.
13th of April 2023
Upcoming Quarterly Report
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21st of July 2023
Next Financial Report
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31st of March 2023
Next Fiscal Quarter End
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24th of January 2024
Next Fiscal Year End
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31st of December 2022
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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Progressive Corp SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Progressive Corp prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Progressive Corp investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Progressive Corp specific information freely available to individual and institutional investors to make a timely investment decision.
15th of March 2023
Financial Statements and Exhibits. Regulation FD Disclosure
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7th of March 2023
Financial Statements and Exhibits. Regulation FD Disclosure. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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15th of February 2023
Financial Statements and Exhibits. Regulation FD Disclosure
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9th of February 2023
Unclassified Corporate Event
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31st of January 2023
Unclassified Corporate Event
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25th of January 2023
Financial Statements and Exhibits. Other Events. Results of Operations and Financial Condition
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21st of December 2022
Financial Statements and Exhibits. Regulation FD Disclosure
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14th of December 2022
Financial Statements and Exhibits. Regulation FD Disclosure
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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.
Top FinTech Idea
Top FinTech
A collection of large financial service, investment, and banking companies

Progressive Market Capitalization

The company currently falls under 'Large-Cap' category with a total capitalization of 80.02 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 0.01 %, 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 0.03 %, which entails that for every 100 dollars of revenue, it generated $0.03 of operating income.
Last ReportedProjected for 2023
Return on Average Assets 0.009  0.009237 
Return on Average Equity 0.044  0.0452 
Return on Invested Capital 0.015  0.0154 
Return on Sales 0.023  0.0236 

Management Efficiency

The entity has Return on Asset of 0.0118 % which means that on every $100 spent on asset, it made $0.0118 of profit. This is way below average. In the same way, it shows return on shareholders equity (ROE) of 0.0423 %, implying that it generated $0.0423 on every 100 dollars invested. Progressive Corp 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. As of 03/23/2023, Return on Average Assets is likely to grow to 0.009237. Also, Return on Average Equity is likely to grow to 0.0452. Progressive Corp Goodwill and Intangible Assets are relatively stable at the moment as compared to the past year. Progressive Corp reported last year Goodwill and Intangible Assets of 314.2 Million. As of 03/23/2023, Tax Assets is likely to grow to about 1.4 B, while Asset Turnover is likely to drop 0.66.
Last ReportedProjected for 2023
Book Value per Share 27.19  25.03 
Enterprise Value over EBIT 70.00  75.53 
Enterprise Value over EBITDA 54.53  58.83 
Price to Book Value 4.78  4.28 
Tangible Assets Book Value per Share 128.59  110.94 
Enterprise Value81.9 B65.6 B
Tangible Asset Value75.2 B64.9 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.
Long Term Debt Total
6.4 B
Non Current Liabilities Total
6.4 K
Forward Dividend Yield
0.0029
Short Long Term Debt Total
6.4 B
Forward Dividend Rate
0.4

Technical Drivers

As of the 23rd of March, Progressive Corp holds the Risk Adjusted Performance of 0.073, semi deviation of 1.53, and Coefficient Of Variation of 1394.38. 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 137.05 per share. Given that Progressive Corp has jensen alpha of 0.1583, 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

Study
The minimum time period for execution of this function requires larger time horizon. Please increase the time horizon for this function. The output start index for this execution was zero with a total number of output elements of zero. The Instantaneous Trendline is a moving-average-like indicator which is formed by removing the Dominant Cycle from Progressive Corp price series.
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Progressive Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Progressive Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Progressive Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Progressive Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

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 Forecast Models

Progressive Corp time-series forecasting models is one of many Progressive Corp's stock analysis techniquest aimed to predict 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 2023
EBITDA Margin 0.03  0.0308 
Gross Margin 0.23  0.25 
Profit Margin 0.014  0.0144 

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
137.64Hold11Odds
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 Flow202.1 M
Common Stock Shares Outstanding584.7 M
Total Stockholder Equity15.9 B
Total Cashflows From Investing Activities-8 B
Tax Provision200.6 M
Quarterly Earnings Growth Y O Y-0.147
Retained Earnings15.7 K
Cash And Short Term Investments49.5 B
Cash203.5 M
Accounts Payable417.30
Net Debt6.4 B
50 Day M A137.823
Total Current Liabilities417.30
Other Operating Expenses48.7 B
Non Current Assets Total64.30
Forward Price Earnings20.0401
Non Currrent Assets Other-53.9 B
Stock Based Compensation3.20
Check out Your Equity Center. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running Progressive Corp 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 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
(0.15) 
Dividend Share
0.4
Earnings Share
1.19
Revenue Per Share
84.85
Quarterly Revenue Growth
0.078
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 Progressive Corp value 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.