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Is Progressive Corp.(NYSE: PGR), a large market cap stock a smart buy?

With a market cap of has a large market cap size. Progressive Corp. (NYSE: PGR) has been on the stock market since its IPO date on the 7/9/1986. Progressive Corp. is in the Property & Casualty Insurance industry and Financial sector. Average volume for Progressive Corp., is 2742.25, and so far today it has a volume of 2988600. Performance year to date since the 7/9/1986 is 0.82%.

To help you determine whether Progressive Corp. is undervalued the following values will help you decide. P/E is 17.29 and forward P/E is 15.38. PEG perhaps more useful shows that Progressive Corp. has a value for PEG of 1.87. P/S ratio is 0.82 and the P/B ratio is 2.32. The P/Cash and P/Free cash flow is 134.57 and 10.58 respectively.

At the current price Progressive Corp. is trading at, 31.15 (-0.38% today), Progressive Corp. has a dividend yield of 2.86%, and this is covered by a payout ratio of 49.00%. Earnings per share (EPS) is 1.8, and this is looking to grow in the next year to 26.47% after growing -0.10% this past year. EPS growth quarter over quarter is -47.10%, and 10.20% for sales growth quarter over quarter.

The number of shares outstanding is 581.92, and the number of shares float is 567.26. The senior management bring insider ownership to 0.50%, and institutional ownership is at 78.80%. The float short is 1.18%, with the short ratio at a value of 2.44. Management has seen a return on assets of 3.50%, and also a return on investment of 14.40%.

The ability for Progressive Corp., to deal with debt, means it current ratio is *TBA, and quick ratio is *TBA. Long term debt/equity is 0.34 and total debt/equity is 0.34. In terms of margins, Progressive Corp. has a gross margin of *TBA, with its operating margin at 8.00%, and Progressive Corp. has a profit margin of 4.80%.

The 52 week high is -12.35%, with 9.35% being its 52 week low. The 20 day simple moving average is -4.42% and the 200 day simple moving average is -3.64%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.


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Mark Hines

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