Analysts fell to the sidelines weighing in on Primerica (NYSE:PRI) and Progressive (NYSE:PGR) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Primerica (PRI)
KBW analyst Ryan Krueger reiterated a Hold rating on Primerica on August 15 and set a price target of $117. The company’s shares closed yesterday at $117.95, close to its 52-week high of $120.30.
According to TipRanks.com, Krueger is a 4-star analyst with an average return of 13.4% and a 67.0% success rate. Krueger covers the Financial sector, focusing on stocks such as American Equity Investment Life, Brighthouse Financial Inc, and Prudential Financial Inc.
Currently, the analyst consensus on Primerica is a Hold with an average price target of $116.50, representing a -1.2% downside. In a report issued on August 8, SunTrust Robinson also reiterated a Hold rating on the stock with a $121 price target.
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Progressive (PGR)
In a report issued on August 15, Meyer Shields from KBW reiterated a Hold rating on Progressive, with a price target of $68. The company’s shares closed yesterday at $65.05, close to its 52-week high of $65.32.
According to TipRanks.com, Shields is a 4-star analyst with an average return of 8.5% and a 69.2% success rate. Shields covers the Financial sector, focusing on stocks such as National General Holdings, Arthur J Gallagher & Co, and Arch Capital Group Ltd.
Progressive has an analyst consensus of Moderate Buy, with a price target consensus of $65.90, which is a 1.3% upside from current levels. In a report issued on August 7, B.Riley FBR also maintained a Hold rating on the stock with a $68 price target.
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