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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 33.02 (1.13% today). The market cap for Progressive Corp. is 19241.95, and is in the sector Financial, and Property & Casualty Insurance industry. The target price for Progressive Corp. is 32.65. Currently Progressive Corp. is trading with a P/E of 15.61, and a forward P/E of 15.54. Average volume for Progressive Corp. is 2986.97 and so far today it is 436537.

Performance in the last year for Progressive Corp. has been 9.75%. For EPS growth, Progressive Corp. has seen a growth of -0.10%, and is looking to grow in the next year to 20.61%. 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 13.60%, with EPS growth quarter over quarter at -11.80%. The 20-day simple moving average is 0.68%, with the 200-day simple moving average coming to 3.18%.

Since the IPO date for Progressive Corp. on the 7/9/1986, Progressive Corp. has seen performance year to date to be 5.68%. With Progressive Corp. trading at 33.02, the dividend yield is 2.73%, and the EPS is 2.09.

So could Progressive Corp., be undervalued? Well as said before P/E is 15.61. The PEG is 1.65, P/S is 0.9 and the P/B is at 2.52. The P/cash is 91.67, with P/free cash flow at 11.56.

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 0.36, and total debt/equity at 0.36.

In terms of margins, Progressive Corp. has a gross margin of *TBA, an operating margin of 9.30% and a profit margin of 5.70%.Payout ratio for Progressive Corp. is 42.20%. Return on assets come to 4.10% with return on investment coming to 14.40%.

Insider ownership for Progressive Corp., is at 0.40% and institutional ownership comes to 78.70%. Outstanding shares are at 589.34. While shares float is 568.38. The float short is currently 1.26%, and short ratio is 2.39.

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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Peter Clarke

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