Uncover Key Insights on Progressive Stock

By Harris Dyer • Monday, July 28 15:27 • Permanent Link

Progressive logged a -4.0% change during today's afternoon session, and is now trading at a price of $239.98 per share. The S&P 500 index moved -0.0%. PGR's trading volume is 3,437,784 compared to the stock's average volume of 3,436,209.

Progressive trades -16.45% away from its average analyst target price of $287.24 per share. The 17 analysts following the stock have set target prices ranging from $189.0 to $336.0, and on average have given Progressive a rating of buy.

If you are considering an investment in PGR, you'll want to know the following:

Progressive's current price is 102.0% above its Graham number of $118.78, which implies that at its current valuation it does not offer a margin of safety
Progressive has moved 17.1% over the last year, and the S&P 500 logged a change of 16.9%
Based on its trailing earnings per share of 17.76, Progressive has a trailing 12 month Price to Earnings (P/E) ratio of 13.5 while the S&P 500 average is 29.3
PGR has a forward P/E ratio of 17.4 based on its forward 12 month price to earnings (EPS) of $13.8 per share
Its Price to Book (P/B) ratio is 4.31 compared to its sector average of 1.78
The Progressive Corporation operates as an insurance company in the United States.
Based in Mayfield, the company has 66,308 full time employees and a market cap of $140.68 Billion. Progressive currently returns an annual dividend yield of 1.9%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.