Progressive Corp (NYSE:PGR) has been upgraded to Market Perform in a statement by Keefe, Bruyette & Woods earlier today.
- Updated: September 15, 2016
Keefe, Bruyette & Woods has upgraded Progressive Corp(NYSE:PGR) to Market Perform in a statement released on 9/15/2016.
Only yesterday Progressive Corp (NYSE:PGR) traded 1.04% higher at $31.15. Progressive Corp’s 50-day average is $32.71 and its two hundred day moving average is $33.12. The last stock price close is down 6.12% from the two hundred day average, compared to the S&P 500 Index which has fallen -0.01% over the date range. 4,488,216 shares of the stock exchanged hands, up from ann avg. trading volume of 2,635,940.
Progressive Corp has a PE of 17 with a 52 week low of $29.32 and a 52 week high of $35.54. The company’s total market value is presently $0.0.
In addition to Keefe, Bruyette & Woods reporting it’s stock price target, a total of 19 firms have released a research note on the stock. The average target is $32.79 with two analysts rating the company a strong buy, four analysts rating the company a buy, 12 analyts rating the stock a hold, six firms rating the stock to underperform, and lastly 0 analystsrating the stock as sell.
Brief Synopsis On 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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