Impact of Brokerage Rating on Progressive Corporation (The)(PGR)

Many Progressive Corporation (The)(PGR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Progressive Corp was Upgraded by Goldman to Neutral on Jan 10, 2017. Progressive Corp was Upgraded by Morgan Stanley to Equal-Weight on Jan 5, 2017.

Company has reported several Insider transactions to the SEC, on Jan 4, 2017, Charles E Jarrett (Vice Pres, Secretary & CLO) sold 2 shares at 27.60 per share price.On Dec 21, 2016, Valerie A Krasowski (Former CHRO) sold 10,500 shares at 35.78 per share price.On Sep 6, 2016, M Jeffrey Charney (Chief Marketing Officer) sold 7,000 shares at 32.50 per share price.

Progressive Corp Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.15. Analyst had a consensus of $0.51. The company had revenue of $5551.50 million for the quarter, compared to analysts expectations of $5466.04 million. The companys revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Progressive Corporation (The) (NYSE:PGR) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.92 by 12 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.

Progressive Corporation (The) (NYSE:PGR): 8 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $34.13 in Progressive Corporation (The) (NYSE:PGR). However, the stock price could fluctuate by $ 4.32 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $40 price target with the lower price estimate is calculated at $29

Progressive Corporation (The) (NYSE:PGR) witnessed a decline in the market cap on Tuesday as its shares dropped 0.4% or 0.15 points. After the session commenced at $37.6, the stock reached the higher end at $37.61 while it hit a low of $37.29. With the volume soaring to 2,320,373 shares, the last trade was called at $37.45. The company has a 52-week high of $38.17. The company has a market cap of $21,717 million and there are 579,900,000 shares in outstanding. The 52-week low of the share price is $30.54.

Progressive Corp. is an auto insurance company and a writer of auto insurance through independent agents. Progressive is committed to providing independent agents with a financially strong company that offers competitive products designed specifically for the agency business; a strong national brand that drives consumers to independent agents offices; 24-hour, in-person services for them and their customers; and continued innovations in technology. (Company Press Release)

Progressive

For any feedback and suggestions contact author at Don.Renner@thefoundersdaily.com

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