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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 18959.93. Since its IPO date on the 7/9/1986, Progressive Corp., PGR performance year to date is 6.61%. Today Progressive Corp., PGR has gained -0.82%, with a current price of 32.67.

Ownership of the company is 0.50% for insider ownership while institutional ownership is 78.70%. The management of the company have seen the company have a payout ratio of 42.20%. Return of assets are at 4.10%, 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 0.36. While Total debt/equity is 0.36. With a profit margin of 5.70%, this is combined with a gross margin of *TBA, and operating margin of 9.30%. 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 11.12%. The 52-week high is -8.08%, and the 52-week low is 23.49%. The average volume for Progressive Corp., PGR is 1018048.

With a target price of 32.76, can Progressive Corp., PGR reach this target? Looking at the value indicators of Progressive Corp., PGR. Progressive Corp. has a P/E of 15.75 and a forward P/E of 15.69. Perhaps the more useful indicator than P/E, is PEG which has a value of 1.67. Progressive Corp. also has a P/S and a P/B of 0.88 and 2.54 respectively. For P/cash, Progressive Corp. has a value of 90.33, while it is 11.39 for P/free cash flow.

At the current price of 32.67, Progressive Corp. has a dividend yield of 2.70%. We see a return on equity of 16.60%.

Looking more long-term Progressive Corp., is projected to get an EPS growth for the next five years of 9.45%. In the short-term an EPS growth of 23.76% 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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