In a report released today, Michael Zaremski from Credit Suisse maintained a Buy rating on Progressive (NYSE: PGR), with a price target of $79. The company’s shares opened today at $71.83, close to its 52-week high of $72.02.
According to TipRanks.com, Zaremski is a 3-star analyst with an average return of 6.3% and a 68.4% success rate. Zaremski covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Cincinnati Financial Corp, and Selective Insurance Group.
The word on The Street in general, suggests a Hold analyst consensus rating for Progressive with a $68.75 average price target, which is a -4.3% downside from current levels. In a report issued on September 26, MKM Partners also maintained a Buy rating on the stock with a $85 price target.
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The company has a one-year high of $72.02 and a one-year low of $47.89. Currently, Progressive has an average volume of 2.99M.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock.
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Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines, Property, and Other Indemnity.
