Progressive Corporation (The) – Consensus points to potential drop of -4.5%

Progressive Society (The) with ticker code (PGR) now have 12 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The range between the high target price and the low target price is between 128 and 82 by calculating the average target price that we have 97.25. Now, with the previous closing price of 101.81, that would imply a potential drop of -4.5%. The 50 day moving average is 94.44 while the 200 day moving average is 95.88. The company’s market capitalization is $ 60,298 million. Visit the company’s website at: http://www.progressive.com

The Progressive Corporation, an insurance holding company, provides personal and commercial auto insurance products, personal residential and commercial real estate, general liability and other specialty property and casualty insurance products and services. related in the United States. It operates in three segments: personal insurance, commercial insurance and property. The personal lines industry underwrites personal automobile and recreational vehicle (RV) insurance. Products in this segment include personal auto insurance; and special line products, including insurance for motorcycles, ATVs, recreational vehicles, personal watercraft, snowmobiles and related products. The Commercial Lines segment provides primary liability and auto bodily injury insurance, as well as general liability and business property insurance for automobiles, vans, light trucks and dump trucks used by retailers. small enterprises ; tractors, trailers and straight trucks primarily used by regional general freight and forwarder-type companies, and long-haul operators; dump trucks, log trucks and garbage trucks used by earth, sand and gravel, logging and coal type businesses; and tow trucks and tow trucks used in towing services and gasoline / gas station businesses; as well as non-fleet taxis and airport taxis, and black car services. The Real Estate segment underwrites residential property insurance for homes, condos, manufactured homes and tenants, as well as personal umbrella insurance and primary and excess flood insurance. The company also provides policy issuance and claims settlement services; and acts as an agent to place business owners ‘insurance policies, general and professional liability and workers’ compensation insurance. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly over the Internet through mobile devices and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.

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