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Is this Large Market Cap Stock target price reasonable for Progressive Corp. (NYSE:PGR)?

The company in question is, Progressive Corp. (NYSE:PGR) currently with a stock price of 32.73 (0.77% today). The market cap for Progressive Corp. is 19035.77, and is in the sector Financial, and Property & Casualty Insurance industry. The target price for Progressive Corp. is 32.27. Currently Progressive Corp. is trading with a P/E of 19.61, and a forward P/E of 16.25. Average volume for Progressive Corp. is 2697.29 and so far today it is 3952800.

Performance in the last year for Progressive Corp. has been 5.83%. For EPS growth, Progressive Corp. has seen a growth of -0.10%, and is looking to grow in the next year to 28.77%. More long term stats show that EPS growth has been 6.00% over the last five years and could be 10.00% for the next five years. Progressive Corp. has seen sales growth quarter over quarter at 12.60%, with EPS growth quarter over quarter at -28.30%. The 20-day simple moving average is 1.79%, with the 200-day simple moving average coming to 1.03%.

Since the IPO date for Progressive Corp. on the 7/9/1986, Progressive Corp. has seen performance year to date to be 5.93%. With Progressive Corp. trading at 32.73, the dividend yield is 2.72%, and the EPS is 1.67.

So could Progressive Corp., be undervalued? Well as said before P/E is 19.61. The PEG is 1.96, P/S is 0.84 and the P/B is at 2.35. The P/cash is *TBA, with P/free cash flow at *TBA.

Progressive Corp. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.39, and total debt/equity at 0.39.

In terms of margins, Progressive Corp. has a gross margin of *TBA, an operating margin of 7.00% and a profit margin of 4.30%.Payout ratio for Progressive Corp. is 52.90%. Return on assets come to 3.10% with return on investment coming to 14.40%.

Insider ownership for Progressive Corp., is at 0.50% and institutional ownership comes to 78.00%. Outstanding shares are at 581.6. While shares float is 579.05. The float short is currently 1.31%, and short ratio is 2.81.

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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Tony Dabbs

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