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A look at a High Market Cap Stock: Progressive Corp., PGR

Progressive Corp., PGR is in the exchange NYSE and its industry is Property & Casualty Insurance in the sector of Financial. Based in USA, Progressive Corp., PGR  has a market cap of 19061.95. Since its IPO date on the 7/9/1986, Progressive Corp., PGR performance year to date is 5.93%. Today Progressive Corp., PGR has gained 0.77%, with a current price of 32.73.

Ownership of the company is 0.50% for insider ownership while institutional ownership is 78.80%. The management of the company have seen the company have a payout ratio of 49.00%. Return of assets are at 3.50%, with return on investment at 14.40%.

In terms of debt levels and profit levels, Progressive Corp., PGR is seeing a long-term debt/equity of 0.34. While Total debt/equity is 0.34. With a profit margin of 4.80%, this is combined with a gross margin of *TBA, and operating margin of 8.00%. Progressive Corp. ability to meet debt levels, with a current ratio of *TBA, while the quick ratio is *TBA.

For the last year Progressive Corp., PGR has seen a EPS growth of -0.10%. A performance for the year of 5.83%. The 52-week high is -7.91%, and the 52-week low is 14.90%. The average volume for Progressive Corp., PGR is 3957934.

With a target price of 32.2, can Progressive Corp., PGR reach this target? Looking at the value indicators of Progressive Corp., PGR. Progressive Corp. has a P/E of 18.16 and a forward P/E of 16.21. Perhaps the more useful indicator than P/E, is PEG which has a value of 1.82. Progressive Corp. also has a P/S and a P/B of 0.87 and 2.43 respectively. For P/cash, Progressive Corp. has a value of 141.51, while it is 11.13 for P/free cash flow.

At the current price of 32.73, Progressive Corp. has a dividend yield of 2.72%. We see a return on equity of 14.00%.

Looking more long-term Progressive Corp., is projected to get an EPS growth for the next five years of 10.00%. In the short-term an EPS growth of 28.11% in the next year is forecasted. This is after a EPS growth of -0.10% for this year and for the last five years a 6.00% growth has been seen.

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.

About the author

Mark Hines

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