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Analysis
The Progressive Corporation (PGR)
The Progressive Corporation (PGR)
Ranking:
Buy
Implies positive momentum
Stock Name: The Progressive Corporation
Symbol: PGR
Market Cap: $152.25B
Industry: Insurance - Property & Casualty
Sector: Financial Services
Website: https://www.progressive.com
About The Progressive Corporation

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products Please visit their website for more information.

Overview:
Last Close: $259.89
52 Week: $152.44-$261.52
MVA50: 247.38
MVA200: 219.53
RSI: 62.66
Buy/Sell*: 57.41
1-Month change: 2.20%
3-Month change: 19.34%
*Proprietary Buy Sell Volume Indicator
Price Chart For PGR
Financial Parameters Most Recent Quarter: (2024-Q3),2024-09-30
Revenue: $19.71B
Revenue Growth (YOY): 26.74%
Profit (% of Rev): 100.00%
Income (% of Rev): 11.84%
Income Growth (YOY): 108.10%
Operating Income: $3.01B
Operating Cash Flow: $6.36B
Operating Cash Flow Growth (YoY): 85.85%
Annual Dividend Yield: 0.04%
Total Assets: $105.20B
Total Liabilities: $78.04B
Cash & Equivalent: $147M
Total Debt: $6.89B
Debt/Equity: 1.63
Quick Ratio: 1.21
Current Ratio: 0.48
Price/Book: 35.13
Price/Earnings: 15.93
EBITDA: $3.01B
EPS: 3.98
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Buy.

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