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Progressive Corp. (NYSE: PGR) – Is this large market cap stock undervalued?

Progressive Corp. (NYSE: PGR), is firmly in the large market cap category with market cap of 18444.61. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Progressive Corp. is 32.39 (with a change from open of -0.22%), this in conjunction with a target price of 32.2. Volume today has so far reached 2183717, with an average volume of about 2671.1. The GAP for this stock, is 2.49%.

The P/E ratio is 17.57, bringing the forward P/E to a value of 15.69. The current EPS for Progressive Corp., is 1.8, with a EPS growth for this year coming to a value of -0.10%. Performance has been interesting with performance year to date coming to 2.50%.

Looking further into the growth statistics for Progressive Corp., EPS is looking like it will grow 28.11% in the next year. Looking even further it is projected to be 10.00%. Quarter over quarter is -47.10% for EPS growth and for sales growth quarter over quarter it is 10.20%. Looking at past EPS growth statistics we see that for the past five years it has been 6.00%. Sales growth for the past five years has in fact been 6.50%.

Looking at the ownership, we see that the insider ownership is at 0.50% and institutional ownership is 78.80%. Shares outstanding is 582.4, while shares float is at a value of 578.84. Float short for Progressive Corp. is 1.34% and the short ratio is 2.91.

In terms of debt, long term debt/equity is 0.34, while the total debt/equity comes to 0.34. The ability to meet these debts, means that the current ratio is *TBA, and the quick ratio is *TBA. The most recent gross margin is *TBA and their operating margin is 8.00%. The profit margin is 4.80%.

Progressive Corp. has seen returns on assets of 3.50%, and on investment, 14.40%. Return on equity is 14.00%. Price/Earnings to growth ratio is 1.76. Price/Sales ratio is at a value of 0.84, with Price/book ratio coming to 2.35 and Price/cash is 136.93, and finally Price/Free cash Flow is 10.77.

The simple moving averages are 0.70% and 0.00% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -8.86% and the 52 week low is 13.70%.

Progressive Corp. has a dividend yield of 2.81%, with a current price of 32.39. The ability to pay this means the payout ratio is 49.00%. This is in an industry, Property & Casualty Insurance, with equally high dividends from other companies in this sector, which it is Financial. Progressive Corp. is based in USA.

Performance in the Property & Casualty Insurance industry means that Progressive Corp. has seen performance for the past week of 1.41%, with performance for the month coming to 2.00%. Looking at the data for the quarter it is at a value of -5.35%, and for the half year the performance is 1.58%. Volatility for this week is 1.66% and for the month this is 1.33%.

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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Stephen Butters

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