Home Sectors Financial Services Technicals and Fundamentals: Progressive Corporation (NYSE: PGR)

Technicals and Fundamentals: Progressive Corporation (NYSE: PGR)


Progressive Corporation is part of the property and casualty insurance industry and trades as part of the financial services sector. The company CEO is Susan Patricia Griffith. Progressive Corp is an insurance holding company which provides personal and commercial auto insurance, residential property insurance, and other specialty property casualty insurance and related services.

Previous Intraday Trading Performance:

The PGR stock showed a previous change of 1.17% with an open at 68.46 and a close of 69.16. It reached an intraday high of 69.22 and a low of 68.02.

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The stock has a market cap of $40.3b with 583.2m shares outstanding, of which the float is 536.3m shares. Trading volume reached 3,822,347 shares compared to its average volume of 3,300,158 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Progressive Corporation shares returned 3.95% and in the past 30 trading days it returned 20.44%. Over three months, it changed -0.08%. In one year it has changed 37.16% and within that year its 52-week high was 73.69 and its 52-week low was 51.47. PGR stock is 34.37% above its 52 Week Low.

Our calculations show a 200 day moving average of 62.00 and a 50 day moving average of 61.33. Currently PGR stock is trading 11.54% above its 200 day moving average.

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The last annual fiscal EPS for the company was reported at 4.42 that ended on 31st of December 2018, which according to the previous close, that is a PE of 15.65. Based on 9 analyst estimates, the consensus EPS for the next quarter is 1.01. The TTM EPS is 4.42, which comes to a TTM PE of 15.65. Historically, the PE high was 32.50 and the PE low was 11.60. If the stock reached its PE low, that would represent a price of 51.26, which is a decrease of -25.88%.

The following are the last four quarter reported earnings per share:
12-31-2018:  0.44
09-30-2018:  1.57
06-30-2018:  1.19
03-31-2018:  1.22

The dividend per share is currently 2.51, which is a dividend yield of 3.64%. Also, the payout ratio is 56.88%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 86.07, which means it is possibly undervalued and has a margin of safety of 19.65%

Indicators to Watch:

Based on the latest filings, there is 8.10% of insider ownership and 116.70% of institutional ownership. Short-interest is 9,856,302, which is 1.69% of shares outstanding. The short-interest ratio or days-to-cover ratio is 3.02. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.74

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 25.80%, return on assets is 6.08%, profit margin is 8.20%, price-to-sales is 1.25 and price-to-book is 3.68.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 6  :Past Performance Score
 4  :Financial Strength Score
 2  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.