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Progressive (PGR) Gets a Hold Rating from J.P. Morgan

In a report issued on April 1, Jimmy Bhullar from J.P. Morgan maintained a Hold rating on Progressive (PGRResearch Report), with a price target of $104.00. The company’s shares closed last Friday at $115.19, close to its 52-week high of $117.58.

According to TipRanks.com, Bhullar is a 4-star analyst with an average return of 8.5% and a 57.8% success rate. Bhullar covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Brighthouse Financial, and Prudential Financial.

Progressive has an analyst consensus of Hold, with a price target consensus of $109.90.

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The company has a one-year high of $117.58 and a one-year low of $89.35. Currently, Progressive has an average volume of 2.73M.

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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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