Short-Term Indicators Showing Strength for The Progressive Corporation (PGR)

Sauerland John P, VP and Chief Financial Officer, subtracted 12,000 shares of The Progressive Corporation (PGR) from its portfolio at the rate of $77.58 per share valuing $930,946 on Aug 16. The insider left behind 369,073 shares of the company to its portfolio. Currently, the 1st Resistance Point for this stock is $77.57, with a 2nd Resistance Point sitting at $78.16. Meanwhile, this company’s stock has a 1st Support Level at $76.30 and a 2nd Support Level at $75.62. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of The Progressive Corporation (PGR) was $76.98. The Progressive Corporation (PGR) stock has gained $0.45, or 0.59%, in the past five days. In the last full month, these shares have lost -$2.04, or -2.58%. In the past three months, this stock’s price has fallen by -$4.15, or -5.12%. This year-to-date, The Progressive Corporation (PGR) shares have gained $16.65, or 27.60%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For The Progressive Corporation (PGR) stock, Hold % of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 50% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 50% of long-term indicators suggest that this stock is a “ Buy .”

With 584,648 K shares outstanding, this company currently has a market capitalization of $44,596,948K. The Progressive Corporation (PGR) generates $31,979 M in annual sales, amounting to annual net income of $2,615 M. This stock has generated a 1-Year Total Return of 12.61%, a 3-Year Total Return of 147.29%, and a 5-year Total Return of 204.03%. This stock’s 5-Year Dividend Growth is 300.00%, with its most recent dividend valued at $0.100 per share on 07/03/19. Its Annual Dividend Yield is 0.52%, and its Annual Dividend Rate is 0.40.

In the most recently-reported fiscal quarter, which ended in 06/19, The Progressive Corporation (PGR) reported earnings of $1.66 per share. Wall Street analysts, on average, were expecting the company to report earnings of $1.43 per share, representing a 0.23 difference and 16.08% surprise. In the previous quarter ending in 03/19, the reported earnings of $1.83 represented a 0.45 difference from the consensus estimate calling for $1.38 per share, which was a 32.61% surprise.

For the current fiscal quarter, which is set to end in 09/2019, the average earnings estimate is $1.30 per share. This estimate came from a total of 9 Wall Street Analysts. Of those market experts, the high estimate was $1.44 and the low estimate was $1.20. In the year-ago quarter, The Progressive Corporation (PGR) generated per-share earnings of $1.57. If the analysts are correct about the current quarter’s earnings, the growth will be -17.20%.

Turning our focus now to insider trading activity, there have been 12 purchases (534,578 shares in total) and 25 sale (464,014 shares in total) in the last 3 months. In the last 6 months, there have been 28 insider buys amounting to 586,915 shares and 48 insider sales amounting to 640,455 shares. In the past full year, 45 insider purchases were made (involving 764,510 shares) and 79 insider sell-offs equivalent to 933,881 shares.

Moving onto liquidity, The Progressive Corporation (PGR) has a Current Ratio of 0.57. Looking at this company’s capital structure, its Total Debt to Total Equity is 40.70, its Total Debt to Total Capital is 28.93, and its Total Debt to Total Assets is now 9.30. Looking even further ahead into the future, its Long-Term Debt to Total Capital is 42.65.