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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 07/09/1986. Progressive Corp. is in the Property & Casualty Insurance industry and Financial sector. Average volume for Progressive Corp., is 3166.08, and so far today it has a volume of 2297200. Performance year to date since the 07/09/1986 is 8.46%.

To help you determine whether Progressive Corp. is undervalued the following values will help you decide. P/E is 16.02 and forward P/E is 15.84. PEG perhaps more useful shows that Progressive Corp. has a value for PEG of 1.7. P/S ratio is 0.89 and the P/B ratio is 2.59. The P/Cash and P/Free cash flow is 91.55 and 11.55 respectively.

At the current price Progressive Corp. is trading at, 33.51 (-0.53% today), Progressive Corp. has a dividend yield of 2.66%, and this is covered by a payout ratio of 42.20%. Earnings per share (EPS) is 2.09, and this is looking to grow in the next year to 18.94% after growing -0.10% this past year. EPS growth quarter over quarter is -11.80%, and 13.60% for sales growth quarter over quarter.

The number of shares outstanding is 573.48, and the number of shares float is 568.38. The senior management bring insider ownership to 0.40%, and institutional ownership is at 78.90%. The float short is 1.24%, with the short ratio at a value of 2.23. Management has seen a return on assets of 4.10%, 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 0.36 and total debt/equity is 0.36. In terms of margins, Progressive Corp. has a gross margin of *TBA, with its operating margin at 9.30%, and Progressive Corp. has a profit margin of 5.70%.

The 52 week high is -5.71%, with 26.66% being its 52 week low. The 20 day simple moving average is 2.24% and the 200 day simple moving average is 5.19%.

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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