Progressive Corp. (NYSE:PGR) price closed higher on Tuesday, April 16, jumping 0.85% above its previous close.
A look at the daily price movement shows that the last close reads $206.59. The company’s P/E ratio in the trailing 12-month period read 21.33. Taking into account the 52-week price action we note that the stock hit a 52-week high of $212.24 and 52-week low of $110.92. The stock added 1.69% on its value in the past month.
Progressive Corp., which has a market valuation of $122.03 billion. The company stock has a Forward Dividend ratio of 1.15, while the dividend yield is 0.55%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give PGR a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.82. The overview shows that PGR’s price is at present 0.71% off the SMA20 and 5.77% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 60.00, with weekly volatility standing at 2.22%. The indicator jumps to 1.65% when calculated based on the past 30 days. Progressive Corp. (NYSE:PGR)’s beta value is holding at 0.34, while the average true range (ATR) indicator is currently reading 3.79.
An analysis of the Progressive Corp. (NYSE:PGR) stock in terms of its daily trading volume indicates that the 3-month average is 2.69 million.
Current records show that the company has 585.30M in outstanding shares. The insiders’ percentage holdings are 0.29% of outstanding shares while the percentage share held by institutions stands at 86.97%. But the 31.39% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
