Progressive Company (The) – Consensus Signifies Probable 10.2% Upside

Progressive Corporation (The) with ticker code (PGR) now have 12 analysts masking the inventory. The

Progressive Corporation (The) with ticker code (PGR) now have 12 analysts masking the inventory. The analyst consensus points to a rating of ‘Hold’. The range amongst the significant focus on selling price and small goal selling price is amongst 125 and 85 with the average goal price sitting at 102.42. With the shares past close at 92.92 this would imply there is a opportunity upside of 10.2%. There is a 50 working day shifting normal of 100.32 and the 200 transferring regular now moves to 94.83. The marketplace cap for the business is $53,740m. Corporation Internet site: http://www.progressive.com

The Progressive Company, an insurance policies holding enterprise, gives particular and business car, individual household and business home, typical legal responsibility, and other specialty home-casualty coverage products and solutions and associated expert services in the United States. It operates in 3 segments: Individual Strains, Business Lines, and House. The Personal Traces segment writes insurance coverage for individual autos and recreational cars (RV). This segment’s items include particular automobile insurance coverage and particular lines products and solutions, such as insurance plan for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and relevant products and solutions. The Business Traces phase supplies car-relevant key legal responsibility and physical damage insurance, and business enterprise-connected basic legal responsibility and home insurance for autos, vans, decide on-up vans, and dump vans employed by tiny organizations tractors, trailers, and straight vehicles generally made use of by regional general freight and expeditor-type businesses, and long-haul operators dump trucks, log vans, and garbage vans used by dirt, sand and gravel, logging, and coal-variety businesses and tow vans and wreckers utilised in towing solutions and gas/assistance station firms as properly as non-fleet and airport taxis, and black-automobile expert services. The Home phase writes household house insurance for homes, condos, manufactured residences, and renters, as perfectly as features particular umbrella coverage, and main and excess flood coverage. The business also delivers plan issuance and statements changing expert services and acts as an agent to location company owner’s guidelines, typical and expert liability, and workers’ payment insurance plan. In addition, it gives reinsurance services. The organization sells its goods by independent insurance policy agencies, as perfectly as straight on Web through mobile units, and above the cell phone. The Progressive Corporation was started in 1937 and is headquartered in Mayfield, Ohio.

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