Progressive Corporation (The) with ticker code (PGR) now have 16 analysts covering the stock with consensus suggesting a rating of “Hold”. The target price is between 150 and 92. If we calculate the average target price, we see 122.25. With the stock’s previous close at 121.4, this suggests a potential upside of 0.7%. There is a 50-day moving average of 123.27 and the 200-day moving average is now moving to 114.27. The company has a market capitalization of $71,628 million. You can visit the Company’s website at https://www.progressive.com
The potential market cap would be $72,129 million based on the market consensus.
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Progressive Corporation, an insurance holding company, provides personal and commercial automobile, home and commercial real estate, general liability and other specialty property and casualty insurance and related services throughout the United States. It operates through three segments: Retail, Commercial and Real Estate. The Personal Lines segment underwrites insurance for passenger cars and recreational vehicles (RV). Products in this segment include personal auto insurance; and specialty line products, including insurance for motorcycles, ATVs, RVs, personal watercraft, snowmobiles and related products. The Commercial Lines segment provides auto-related principal liability and property insurance, and business-related general liability and property insurance for automobiles, vans, pick-up trucks and dump trucks used by small businesses; Tractors, trailers and straight trucks used primarily by regional general cargo and trucking companies and long-haul operators; dump trucks, logging trucks and garbage trucks used by earth, sand and gravel, logging and coal companies; and tow trucks and wreckers used in towing services and gas station/service station businesses; and non-fleet and airport taxi and black car services. The real estate segment underwrites homeowners insurance for homeowners, other homeowners and renters, and offers personal umbrella, primary and flood insurance. The Company also provides policy issuance and claims adjustment services; and acts as an agent for homeowners liability insurance, workers’ compensation insurance and other products. It also offers reinsurance services. The company sells its products through independent insurance agencies and directly on the web via mobile devices and by telephone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.