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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 31.1 (-0.10% today). The market cap for Progressive Corp. is 18074.39, and is in the sector Financial, and Property & Casualty Insurance industry. The target price for Progressive Corp. is 32.69. Currently Progressive Corp. is trading with a P/E of 17.26, and a forward P/E of 15.22. Average volume for Progressive Corp. is 2695 and so far today it is 2866900.

Performance in the last year for Progressive Corp. has been 4.54%. For EPS growth, Progressive Corp. has seen a growth of -0.10%, and is looking to grow in the next year to 26.41%. More long term stats show that EPS growth has been 6.00% over the last five years and could be 9.27% 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 -5.11%, with the 200-day simple moving average coming to -3.72%.

Since the IPO date for Progressive Corp. on the 7/9/1986, Progressive Corp. has seen performance year to date to be 0.66%. With Progressive Corp. trading at 31.1, the dividend yield is 2.86%, and the EPS is 1.8.

So could Progressive Corp., be undervalued? Well as said before P/E is 17.26. The PEG is 1.86, P/S is 0.82 and the P/B is at 2.31. The P/cash is 134.18, with P/free cash flow at 10.55.

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 78.80%. Outstanding shares are at 581.17. While shares float is 567.26. The float short is currently 1.18%, and short ratio is 2.48.

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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