Progressive (NYSE:PGR) has been upgraded from Underperform to Mkt Perform in a report by KBW today.
- Updated: September 16, 2016
Boasting a price of $31.33, Progressive (NYSE:PGR) traded 1.04% higher on the day. The last stock price is down 6.12% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. Progressive has logged a 50-day average of $32.71 and 200-day moving average of $33.12. Trade volume was was up over the average, with 4,488,216 shares of PGR changing hands over the typical 2,635,940 shares.
KBW has upgraded Progressive(NYSE:PGR) from Underperform to Mkt Perform in a statement released 9/16/2016.
See Chart Below:
A total of 19 firms have released a research note on the stock. Two analysts rate the stock a strong buy, four firms rate the stock a buy, 12 firms rate the company a hold, six brokerages rate the company to underperform, and lastly 0 analystsrate the stock as sell with a consensus target price of $32.79
Progressive has a P/E of 17 with a one-year low of $29.32 and a 52 week high of $35.54. Progressive’s market capitalization is currently $0.0.
More About Progressive (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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