Credit Suisse Remains a Hold on Progressive (PGR)

Credit Suisse analyst Andrew Kligerman maintained a Hold rating on Progressive (PGRResearch Report) today and set a price target of $127.00. The company’s shares closed yesterday at $127.06.

According to TipRanks, Kligerman is a 5-star analyst with an average return of 18.8% and a 63.74% success rate. Kligerman covers the Financial sector, focusing on stocks such as American Equity Investment Life, Unum Group, and Ameriprise Financial.

The word on The Street in general, suggests a Hold analyst consensus rating for Progressive with a $120.79 average price target.

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The company has a one-year high of $127.43 and a one-year low of $87.81. Currently, Progressive has an average volume of 2.97M.

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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.

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