PGR Stock Summary and Trading Ideas (Progressive | NYSE:PGR)

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Progressive trades on the NYSE stock market under the symbol PGR.

As of April 23, 2024, PGR stock price climbed to $214.02 with 2,457,343 million shares trading.

PGR has a beta of -0.34, meaning it tends to be less sensitive to market movements. PGR has a correlation of 0.03 to the broad based SPY ETF.

PGR has a market cap of $125.35 billion. This is considered a Large Cap stock.

Last quarter Progressive reported $16 billion in Revenue and $3.73 earnings per share. This fell short of revenue expectation by $-1 billion and exceeded earnings estimates by $.56.

In the last 3 years, PGR stock traded as high as $216.21 and as low as $89.35.

The top ETF exchange traded funds that PGR belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

PGR has outperformed the market in the last year with a price return of +57.0% while the SPY ETF gained +24.3%. PGR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +25.7% and +1.7%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

PGR support price is $210.60 and resistance is $215.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PGR stock will trade within this expected range on the day.