Progressive Corporation (The) – Consensus indicates a potential downside of -5.3%.

Progressive Corporation (The) with ticker code (PGR) now has 16 analysts covering the stock with a consensus offering a “Hold” rating. The range between the high price target and the low price target is between 136 and 84, with an average price target of 114.44. With the stock’s previous close at 120.89, this now indicates a potential downside of -5.3%. The 50 day moving average is now 115.52 and the 200 day moving average is now moving at 108.2. The company has a market cap of $70.459 million. Visit the company’s website at: https://www.progressive.com

The potential market capitalization would be $66,700 million based on the market consensus.

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 haulage and forwarding-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 as well as primary and supplemental 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.