PGR $61.50 -0.86 (-1.38%)
Ideas, Updates & Analysis
Ther financials were some of the biggest percentage losers today.
I decided to scan the financials sector stocks to see if I could find any buying opportunities.
From there I clicked on insurance industry stocks.
There are many familiar names in this list like Aflac, Allstate, Progressive.
The progressive commercials are fantastic.
The one stock chart that really looked the best to me was Travelers (TRV).
The price over the 5 years moved upwards in a relatively small trading range for a nice 50% return plus dividends.
The stock price stayed very close to the moving averages.
If you look at the image closely, you'll see this is about the 6th time the stock price has dropped below both moving averages.
Each time, the stock price rallied up to and through both moving averages.
The current stock price is in that position again below both moving averages.
It looks good here, but if the price drops to $120, I am definitely buying.
Based on the chart history, it should move up to $140.
Tue, May 29, 2018 TRV @ $128.21
Tue, May 29, 2018 AFL @ $44.57
Tue, May 29, 2018 ALL @ $94.24
Tue, May 29, 2018 PGR @ $61.71
Progressive Stock Charts
The 5 year and 1 year stock charts are below.
50 Day Moving Average
The 50 Day Moving Average is at $61.44 which is 0.10% below the stock price of $61.50.
200 Day Moving Average
The 200 Day Moving Average is at 55.48 which is 10.85% below the stock price of $61.50.
Because both the 50 DMA and 200 DMA are below the current stock price, this can be considered a bullish technical indicator.
PGR Stock Price
Below are a few key dates for the stock price.
Year To Date
The most recent stock price is $61.50.
The Year To Date (YTD) return is +11.09%.
52 Week Low
The 52 Week Low stock price is $43.59 set on Thu, Sep 7, 2017 which is 285 days ago.
The current price per share is 41.09% above the 52 week low.
52 Week High
The 52 Week High stock price is $64.77 set on Wed, Jun 13, 2018 which is 6 days ago.
The current price per share is -5.05% below the 52 week high.
All Time High
The All Time High stock price is $64.77 set on Wed, Jun 13, 2018 which is 6 days ago.
The current price per share is -5.05% below the all time high.
Below is the EPS, P/E Ratio and Earnings Date.
The Earnings Per Share (EPS) is $2.72.
The Price To Earnings (P/E) Ratio is 22.93.
Progressive has a relatively low price to earnings ratio compared to the overal S&P 500 average, which is about 25%.
Some investors look for very low p/e stocks with the hopes of investing in an undervalued stock. Of course, this is just one factor to consider.
Stocks can make big percentage moves on the earnings announcement.
Companies announce earnings either before the market open or after the close.
The Earnings Release Date for Progressive Corp was Wed, Jan 24, 2018.
Since this earnings release 146 days ago, the stock price is up by +7.80%.
Many investors know the importance of a companies earnings report. Also, the market reaction to the earnings release can be even more important and can help in making a prediction of a future price forecast of the shares.
A significant post earnings announcement percentage move can continue or reverse an existing trend for several days or weeks after the earnings date.
The most recent Earnings Release Date was, before the market open, on Thu, May 3, 2018, which was 47 days ago.
Since this earnings date, the stock price is up by +4.27%.
Below is important Dividend information.
PGR currently does not pay a dividend.
You may like this list of best dividend stocks of 2018.
Below are other stocks in the same industry as Progressive.
PGR Company Profile
Learn more about Progressive.
Progressive Corp is a Financials stock that trades on the NYSE and has a market capitalization of $35.81 Billion.
The Progressive Corporation is an insurance holding company. The Company's insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments. The Company's Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. The Commercial Lines business writes primary liability, physical damage and other auto-related insurance for automobiles and trucks owned and/or operated predominately by small businesses as a part of the commercial auto market. ASI is a homeowner carrier in the United States, which specializes in personal and commercial property insurance, personal umbrella insurance, and primary and excess flood insurance. The Company's service business includes Commercial Auto Insurance Procedures/Plans (CAIP) and Commission-based businesses.
Spend a few minutes browsing the Progressive Corp, web site at http://www.progressive.com.