Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Progressive (PGR) today and set a price target of $81. The company’s shares opened today at $79.83.
According to TipRanks.com, Greenspan is a 4-star analyst with an average return of 4.8% and a 61.3% 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 $83.38.
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Based on Progressive’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.08 billion. In comparison, last year the company had a net profit of $704 million.
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock.
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