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TipRanksStock Market NewsPGR NewsProgressive (PGR) Receives a Sell from Wells Fargo
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Progressive (PGR) Receives a Sell from Wells Fargo

Wells Fargo analyst Elyse Greenspan reiterated a Sell rating on Progressive (PGRResearch Report) today and set a price target of $98.00. The company’s shares closed last Friday at $116.45.

According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 10.4% and a 55.7% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and W. R. Berkley Corporation.

Progressive has an analyst consensus of Hold, with a price target consensus of $111.58.

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The company has a one-year high of $122.24 and a one-year low of $89.35. Currently, Progressive has an average volume of 2.91M.

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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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