Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Progressive (PGR) today and set a price target of $73. The company’s shares opened today at $72.90, close to its 52-week high of $73.69.
According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 3.3% and a 62.0% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.
Currently, the analyst consensus on Progressive is a Moderate Buy with an average price target of $76.50, representing a 4.9% upside. In a report issued on February 13, Citigroup also maintained a Hold rating on the stock with a $75 price target.
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The company has a one-year high of $73.69 and a one-year low of $56.71. Currently, Progressive has an average volume of 3.65M.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is neutral 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.
