Progressive Corp (NYSE:PGR) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 19, 2016
Zacks Investment Research has downgraded Progressive Corp(NYSE:PGR) to Sell in a report released on 9/19/2016.
Just yesterday Progressive Corp (NYSE:PGR) traded 0.90% lower at $31.13. Progressive Corp’s 50-day moving average is $32.81 and its two hundred day moving average is $33.15. With the last stock price close down 6.94% relative to the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the date range. 1,316,354 shares of Progressive Corp traded, down from ann avg. trading volume of 2,589,950.
Recent Performance Chart:
Progressive Corp has a price-earnings of 17 with a 52 week low of $29.32 and a 52 week high of $35.54. PGR’s total market value is currently $0.0.
In addition to Zacks Investment Research reporting it’s stock price target, a total of 19 equity analysts have released a research note on Progressive Corp. The 12-month target price is $32.79 with two analysts rating the stock a strong buy, four firms rating the stock a buy, 12 firms rating the stock a hold, six firms rating the company to underperform, and lastly 0 analystsrating the company as sell.
About Progressive Corp (NYSE:PGR)
The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through Personal Lines, Commercial Lines and Property segments. The Company operates its vehicle businesses and property business in the United States. It also sells personal auto physical damage and auto property damage liability insurance in Australia. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. Its Commercial Lines business writes primary liability, physical damage and other auto-related insurance for automobiles and trucks owned and/or operated predominately by small businesses as a part of the commercial auto market. Its Property business writes homeowners and renters insurance, and primarily in the Agency channel in over 31 states and the District of Columbia.
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