Barclays analyst Jay Gelb maintained a Buy rating on Progressive (PGR) on September 13 and set a price target of $90. The company’s shares closed last Monday at $72.68.
According to TipRanks.com, Gelb is a 5-star analyst with an average return of 7.7% and a 68.9% success rate. Gelb covers the Financial sector, focusing on stocks such as American International Group, Renaissancere Holdings Ltd, and Prudential Financial Inc.
Currently, the analyst consensus on Progressive is a Moderate Buy with an average price target of $86.63.
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The company has a one-year high of $84.96 and a one-year low of $56.71. Currently, Progressive has an average volume of 2.64M.
Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PGR in relation to earlier this year.
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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.
