Progressive Corp. (NYSE:PGR): A worthy Investment or not?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Progressive Corp. (NYSE:PGR) for the period of 9-Day stands at 64.23% while the stochastic %D for the same period stands at 64.39%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Progressive Corp. (NYSE:PGR) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Progressive Corp. (NYSE:PGR) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indictor of a certain security, currently Progressive Corp. (NYSE:PGR)’s 20-Day Bollinger Band indicates “Hold”.

Previous Day Activity Analysis

On the last trading day, Progressive Corp. (NYSE:PGR) opened the session at $46.17 and after going up 0.63% closed at $46.31. The stock gained 0.14 points in the last trade.

Progressive Corp. (NYSE:PGR)’s stock fluctuated in the range of $45.90 and $46.33 during the previous active session. Progressive Corp. (NYSE:PGR) traded with the volume of 3.15 Million with average volume of 3.51 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0.85 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.89 and 48.69 respectively.

Currently the Insider Ownership of the shares of Progressive Corp. (NYSE:PGR) is at 0.6% and the shares outstanding are 581.68 Million.

Important Ratio Analysis

Some important ratios to consider here for Progressive Corp. (NYSE:PGR) are discussed below:

Dividend yield of Progressive Corp. (NYSE:PGR) stands at 1.47% whereas Price to Earnings P/E ratio stands at 19.67 while Forward P/E shows the value of 17.11.

The PEG ratio (Price to Earning to Growth) emits the value of 1.4. The Price to Sale P/S and Price to Book P/B shows the value of 1.08 and 2.99 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 167.31 and 10.39 correspondingly.

The Quick Ratio of Progressive Corp. (NYSE:PGR) stands at 0 while the Current Ratio depicts the value of 0.

Return on Assets ROA of Progressive Corp. (NYSE:PGR) is at 4% whereas, Return on Equity ROE and Return of Investment ROI of Progressive Corp. (NYSE:PGR) stand at 16.4% and 10.8% respectively.

The payout ratio of Progressive Corp. (NYSE:PGR) stands at 37.5%.

Stock Performance Analysis

The stock performance of Progressive Corp. (NYSE:PGR) on the basis of 5 day trade show the dip of -0.24% whereas, the monthly performance of the stock shows decrease of -4.54%.

The quarterly performance of the stock remained in green zone with the value of 3.6% while six month performance of the shares of Progressive Corp. (NYSE:PGR) remained bullish with the count of 15.14%.

The yearly and YTD performance of Progressive Corp. (NYSE:PGR) remained up at 48.76% and 30.45% respectively.