BMO Capital analyst Michael Zaremski maintained a Buy rating on Progressive (PGR – Research Report) yesterday and set a price target of $235.00. The company’s shares closed yesterday at $207.01.
According to TipRanks, Zaremski is a 4-star analyst with an average return of 11.8% and a 68.18% success rate. Zaremski covers the Financial sector, focusing on stocks such as American International Group, Progressive, and Kinsale Capital Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Progressive with a $231.44 average price target, an 11.80% upside from current levels. In a report released yesterday, Piper Sandler also assigned a Buy rating to the stock with a $248.00 price target.
The company has a one-year high of $217.77 and a one-year low of $110.72. Currently, Progressive has an average volume of 2.78M.
Based on the recent corporate insider activity of 93 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.
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 (PGR) Company Description:
The Progressive Corporation is one of the leading auto insurers in the United States. The company also offers residential property insurance, reinsurance, and other specialty property-casualty insurance and related services. Its Personal Lines business unit covers insurance for personal automobiles, recreational and other vehicles. Under the Commercial Lines division, Progressive writes primary liability and physical damage insurance for automobiles owned by small businesses. Its Property segment offers residential property insurance for homeowners, renters and other property owners.
