Stock Updates

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 18091.82. 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 31.01 (with a change from open of -0.42%), this in conjunction with a target price of 32.69. Volume today has so far reached 955035, with an average volume of about 2690.48. The GAP for this stock, is 0.03%.

The P/E ratio is 17.28, bringing the forward P/E to a value of 15.23. 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 0.76%.

Looking further into the growth statistics for Progressive Corp., EPS is looking like it will grow 26.41% in the next year. Looking even further it is projected to be 9.27%. 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 581.17, while shares float is at a value of 567.26. Float short for Progressive Corp. is 1.18% and the short ratio is 2.49.

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 , and the quick ratio is . The most recent gross margin is 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 1.86. Price/Sales ratio is at a value of 0.82, with Price/book ratio coming to 2.31 and Price/cash is 134.31, and finally Price/Free cash Flow is 10.56.

The simple moving averages are -5.38% and -4.00% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -12.75% and the 52 week low is 8.86%.

Progressive Corp. has a dividend yield of 2.86%, with a current price of 31.01. 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 -0.35%, with performance for the month coming to -6.15%. Looking at the data for the quarter it is at a value of -2.14%, and for the half year the performance is 2.24%. Volatility for this week is 1.71% and for the month this is 1.27%.

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.

About the author

Stephen Butters

Leave a Comment