Progressive Stock Analysis

PGR
 Stock
  

USD 118.48  2.21  1.90%   

The latest indifference towards the small price fluctuations of Progressive Corp may encourage retail investors to take a closer look at the company as it is trading at a share price of 118.48 on very low momentum in trading volume. The company directors and management did not add any value to Progressive Corp investors in June. However, most investors can still diversify their portfolios with Progressive Corp to hedge their inherited risk against high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.88. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
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The Progressive Corp stock analysis report makes it easy to digest most publicly released information about Progressive Corp and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Progressive Stock analysis module also helps to analyze the Progressive Corp price relationship with some important fundamental indicators such as market cap and management efficiency.

Progressive Stock Analysis Notes

About 86.0% of the company shares are owned by institutional investors. The book value of Progressive Corp was at this time reported as 30.88. The company has Price/Earnings To Growth (PEG) ratio of 0.76. Progressive Corp recorded earning per share (EPS) of 6.88. The entity next dividend is scheduled to be issued on the 6th of April 2022. The firm had 1:1 split on the 27th of January 2014. 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 440 446-7168 or learn more at www.progressive.com.

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 0.37, which is OK given its current industry classification. Progressive Corp has a current ratio of 0.31, 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 poor financial position based on the latest SEC disclosures
Over 86.0% of Progressive Corp shares are owned by institutional investors
Latest headline from www.fool.com: Progressives Investments Have Lost 1 Billion Should Investors Be Concerned - The Motley Fool

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.
Upcoming Quarterly Report26th of January 2022
Next Financial Report21st of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End26th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Progressive Largest EPS Surprises

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.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2000-11-15
2000-09-300.030.040.0133 
2000-07-20
2000-06-300.020.01-0.0150 
2000-01-27
1999-12-310.020.01-0.0150 
View All Earnings Estimates

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.
Real Estate IdeaReal Estate
USA Equities from Real Estate industry as classified by Fama & French
Top FinTech IdeaTop FinTech
A collection of large financial service, investment, and banking companies
Insurance Providers IdeaInsurance Providers
All types of insurance and insurance brokerages

Progressive Stock 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.
Security TypeSharesValue
Vanguard Group IncCommon Shares48.5 M5.5 B
Blackrock IncCommon Shares44.5 M5.1 B
Wellington Management Group LlpCommon Shares33.2 M3.8 B
State Street CorpCommon Shares27 M3.1 B
Jpmorgan Chase CoCommon Shares24.9 M2.8 B
Massachusetts Financial Services CoCommon Shares16.2 M1.8 B
Geode Capital Management LlcCommon Shares10.6 M1.2 B
Note, although Progressive Corp's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Progressive Market Capitalization

The company currently falls under 'Large-Cap' category with total capitalization of 67.95 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 these 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 4.55 %, which may imply that it executes well on its competitive polices and has reasonable control over its expenses and variable costs. This is considered to be average in the sector. In the same way, it shows Net Operating Margin of 6.85 %, which entails that for every 100 dollars of revenue, it generated 0.07 of operating income.
Last ReportedProjected for 2022
Return on Average Assets 4.96  4.88 
Return on Average Equity 19.00  18.90 
Return on Invested Capital 0.06  0.06 
Return on Sales 0.09  0.09 

Management Efficiency

The entity has Return on Asset of 2.65 % which means that on every $100 spent on asset, it made $2.65 of profit. This is way below average. In the same way, it shows return on shareholders equity (ROE) of 12.52 %, implying that it generated $12.52 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 07/02/2022, Return on Average Assets is likely to drop to 4.88. In addition to that, Return on Average Equity is likely to drop to 18.90. Progressive Corp Total Assets are relatively stable at the moment as compared to the past year. Progressive Corp reported last year Total Assets of 71.13 Billion. As of 07/02/2022, Tax Assets is likely to grow to about 39.9 M, while Return on Average Assets are likely to drop 4.88.
Last ReportedProjected for 2022
Book Value per Share 21.37  18.18 
Enterprise Value over EBIT 13.80  13.52 
Enterprise Value over EBITDA 12.48  12.37 
Price to Book Value 3.74  3.44 
Tangible Assets Book Value per Share 90.49  74.72 
Enterprise Value44.8 B35.9 B
Tangible Asset Value52.7 B44 B

Technical Drivers

As of the 2nd of July, Progressive Corp holds the Semi Deviation of 1.74, coefficient of variation of 3897.22, and Risk Adjusted Performance of 0.0389. 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 118.48 per share. Given that Progressive Corp has jensen alpha of 0.2026, 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

The output start index for this execution was five with a total number of output elements of fifty-six. The Kaufman Adaptive Moving Average allows the user to define Progressive Corp range across which they want the smoothing.
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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 Technical and Predictive Indicators

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 stock 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 stock is reacting to, or reflecting on a current stock 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 2022
EBITDA Margin 0.10  0.09 
Gross Margin 0.29  0.28 
Profit Margin 7.02  6.76 
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.

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
99.0Hold11Odds
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.
Quick Ratio0.22
Trailing Annual Dividend Rate4.90
Fifty Two Week Low89.35
Revenue Growth3.50%
Payout Ratio51.77%
Average Daily Volume Last 10 Day3.55M
Shares Short Prior Month6.07M
Average Daily Volume In Three Month3.06M
Earnings Growth-79.30%
Shares Percent Shares Out1.09%
Earnings Quarterly Growth-78.80%
Gross Margins6.69%
Forward Price Earnings19.25
Short Percent Of Float1.09%
Float Shares582.82M
Fifty Two Week High121.36
Fifty Day Average112.91
Enterprise Value To Ebitda20.84
Two Hundred Day Average104.61
Enterprise Value To Revenue1.43
Trailing Annual Dividend Yield4.31%
Please check Your Equity Center. 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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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 YOY
-0.79
Market Capitalization
69.3 B
Quarterly Revenue Growth YOY
0.035
Return On Assets
0.0265
Return On Equity
0.13
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.