According to TipRanks.com, Zaremski is a 4-star analyst with an average return of 6.6% and a 63.4% success rate. Zaremski covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Cincinnati Financial, and Hartford Financial.
Progressive has an analyst consensus of Moderate Buy, with a price target consensus of $86.25, implying a 20.0% upside from current levels. In a report issued on March 18, MKM Partners also maintained a Buy rating on the stock with a $90.00 price target.
See today’s analyst top recommended stocks >>
Based on Progressive’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.73 billion and net profit of $1.07 billion. In comparison, last year the company earned revenue of $8.03 billion and had a net profit of $265 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The Other Indemnity segment manages run-off businesses. The company was founded in 1965 and is headquartered in Mayfield Village, OH.