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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 33.16 (-0.03% today). The market cap for Progressive Corp. is 19370.28, and is in the sector Financial, and Property & Casualty Insurance industry. The target price for Progressive Corp. is 32.75. Currently Progressive Corp. is trading with a P/E of 18.41, and a forward P/E of 15.89. Average volume for Progressive Corp. is 2884.57 and so far today it is 1156493.

Performance in the last year for Progressive Corp. has been 9.46%. For EPS growth, Progressive Corp. has seen a growth of -0.10%, and is looking to grow in the next year to 23.19%. More long term stats show that EPS growth has been 6.00% over the last five years and could be 9.45% for the next five years. Progressive Corp. has seen sales growth quarter over quarter at 10.20%, with EPS growth quarter over quarter at -47.10%. The 20-day simple moving average is 0.80%, with the 200-day simple moving average coming to 3.10%.

Since the IPO date for Progressive Corp. on the 7/9/1986, Progressive Corp. has seen performance year to date to be 7.36%. With Progressive Corp. trading at 33.16, the dividend yield is 2.68%, and the EPS is 1.8.

So could Progressive Corp., be undervalued? Well as said before P/E is 18.41. The PEG is 1.95, P/S is 0.88 and the P/B is at 2.47. The P/cash is 143.8, with P/free cash flow at 11.31.

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 0.34, and total debt/equity at 0.34.

In terms of margins, Progressive Corp. has a gross margin of *TBA, an operating margin of 8.00% and a profit margin of 4.80%.Payout ratio for Progressive Corp. is 49.00%. Return on assets come to 3.50% with return on investment coming to 14.40%.

Insider ownership for Progressive Corp., is at 0.50% and institutional ownership comes to 79.80%. Outstanding shares are at 583.97. While shares float is 567.26. The float short is currently 1.13%, and short ratio is 2.22.

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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