Little Upside For Investors: The Progressive Corporation (PGR)

Wall Street analysts will be watching closely when The Progressive Corporation (NYSE:PGR) reports its quarterly earnings next, which is scheduled for Tue 16 Apr (In 63 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $1.33 per share. In the preceding quarter, the company reportedly generated EPS of $1.24 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 9.00%, a profit margin of 6.90% and a gross margin of .

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of The Progressive Corporation (NYSE:PGR). Most recently, on January 9th, 2019, Barclays Upgrade a Overweight rating. Before that, on December 11th, 2018, B. Riley FBR Upgrade to Buy. Buckingham Research Upgrade a Neutral rating on November 19th, 2018, Morgan Stanley Upgrade an Overweight rating on November 7th, 2018, and Credit Suisse Initiated a Outperform rating on August 7th, 2018.

At its current price point, combined with the fact that this company has 582.70M shares outstanding, the current market capitalization sits at 40.38B. In the last trading day, 4,762,421 shares of The Progressive Corporation were traded, which compares to its usual volume of about 3.76M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $2.77 in the past five trading days, resulting in a percentage change of +4.16% and a moving average of 68.42. In the past 20 days, its price changed by $7.72 (which is +12.54%) and the stock’s moving average was 65.83. Looking back a full 50 days, shares of PGR changed by $5.05 (which is +7.86%) and demonstrated a moving average of 63.35.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 94.96%, a 14-day Stochastic %K score of 95.56% and a 20-day Stochastic %K score of 96.91%. Using a similar metric, The Progressive Corporation (PGR) shares showed a Stochastic %D of 96.65% over the past 9 days, a Stochastic %D score of 97.51% over the last 14 days, and a 20-day Stochastic %D of 98.22%. Meanwhile, this stock’s MACD Oscillator was 1.41 over the past 9 days, 2.08 over the past two weeks, and 3.11 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $69.30 level. Over the past 12 months, this stock has experienced a high price of $73.69 and a low of $51.47. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from The Progressive Corporation (NYSE:PGR) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 41,560,944 shares of the company’s stock following the addition of 574,348 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 7.13% stake in The Progressive Corporation (PGR)’s shares.

Just in the most recent trading day, The Progressive Corporation (NYSE:PGR) experienced a high price of $70.02 and low point of $69.25. At the end of the last trading session, this stock was at 69.3 per share, following a gain of $0.4, or 0.20% during the full day.