Progressive Corp Stock Shares Outstanding
| PGR Stock | USD 241.09 0.95 0.39% |
Fundamental analysis of Progressive Corp allows traders to better anticipate movements in Progressive Corp's stock price by examining its financial health and performance throughout various phases of its business cycle.
Progressive | Build AI portfolio with Progressive Stock |
Progressive Corp Company Shares Outstanding Analysis
Progressive Corp's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Progressive Corp Shares Outstanding | 586.2 M |
Most of Progressive Corp's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Progressive Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Progressive Corp has 586.2 M of shares currently outstending. This is 68.06% lower than that of the Insurance sector and significantly higher than that of the Financials industry. The shares outstanding for all United States stocks is 2.51% lower than that of the firm.
Progressive Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Progressive Corp's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Progressive Corp could also be used in its relative valuation, which is a method of valuing Progressive Corp by comparing valuation metrics of similar companies.Progressive Corp is currently under evaluation in shares outstanding category among its peers.
Progressive Fundamentals
| Return On Equity | 0.37 | ||||
| Return On Asset | 0.0786 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 148.03 B | ||||
| Shares Outstanding | 586.2 M | ||||
| Shares Owned By Insiders | 0.20 % | ||||
| Shares Owned By Institutions | 88.16 % | ||||
| Number Of Shares Shorted | 6.26 M | ||||
| Price To Earning | 93.06 X | ||||
| Price To Book | 4.33 X | ||||
| Price To Sales | 1.72 X | ||||
| Revenue | 75.34 B | ||||
| Gross Profit | 13.91 B | ||||
| EBITDA | 11.28 B | ||||
| Net Income | 8.48 B | ||||
| Cash And Equivalents | 4.59 B | ||||
| Cash Per Share | 7.84 X | ||||
| Total Debt | 6.89 B | ||||
| Debt To Equity | 0.43 % | ||||
| Current Ratio | 0.41 X | ||||
| Book Value Per Share | 55.62 X | ||||
| Cash Flow From Operations | 15.12 B | ||||
| Short Ratio | 1.41 X | ||||
| Earnings Per Share | 17.74 X | ||||
| Price To Earnings To Growth | 5.12 X | ||||
| Target Price | 287.24 | ||||
| Number Of Employees | 66.31 K | ||||
| Beta | 0.37 | ||||
| Market Capitalization | 141.33 B | ||||
| Total Asset | 105.75 B | ||||
| Retained Earnings | 24.28 B | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 2.44 % | ||||
| Net Asset | 105.75 B | ||||
| Last Dividend Paid | 4.7 |
About Progressive Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Progressive Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Progressive Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Progressive Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Progressive Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Progressive Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Progressive Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Progressive Stock
Moving against Progressive Stock
| 0.83 | MCY | Mercury General | PairCorr |
| 0.73 | MKL | Markel | PairCorr |
| 0.73 | PRA | ProAssurance Earnings Call This Week | PairCorr |
| 0.56 | L | Loews Corp | PairCorr |
| 0.45 | AFG | American Financial Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Progressive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progressive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Progressive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Progressive Corp to buy it.
The correlation of Progressive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Progressive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Progressive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Progressive Stock Analysis
When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.