Progressive Corporation (The) with ticker code (PGR) now has a total of 15 analysts covering the stock. The consensus rating is ‘Hold’. The price target varies between 174 and 111, calculating the average price target we have 140.6. With the stock’s previous close at 141.96, this indicates a potential downside of -1.0%. The 50 day moving average is now 132.47 and the 200 day MA is 123.26. The company’s market cap is $83,429 million. Find more information at: https://www.progressive.com
The potential market cap would be $82,629 million based on the market consensus.
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Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability and other specialty property casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines and Property. The Personal Lines segment underwrites personal automobiles and recreational vehicles (RVs). The products of this segment include personal motor insurance; and specialty lines products including motorcycle, ATV, RV, watercraft, snowmobile and related products. The Commercial Lines segment provides automobile-related basic liability and physical damage insurance, as well as business-related general liability and property insurance for cars, vans, pickup trucks and dump trucks used by small businesses; tractors, trailers and trucks used primarily by regional general freight and forwarder-type companies and long-haul operators; dump trucks, log trucks and garbage trucks used by dirt, sand and gravel, logging and coal companies; and tow trucks and breakers used in the towing services and gas/gas station business; as well as non-fleet taxis and airport taxis and black car services. The Property segment issues residential property insurance for homeowners, other property owners and renters, and offers personal umbrella insurance and primary and additional flood insurance. The company also offers policy issuance and claims adjustment services; and acts as an agent for homeowners’ general liability, workers’ compensation insurance and other products. It also provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on the Internet via mobile devices and over the phone. Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.