Progressive Corporation (The) (NYSE:PGR) traded today at a new 52-week high of $113.55. This new high was reached on below average trading volume as 215,000 shares traded hands, while the average 30-day volume is approximately 2.6 million shares.
In the past 52 weeks, shares of Progressive Corporation (The) have traded between a low of $89.35 and a high of $113.55 and is now at $112.81, which is 26% above that low price.
Progressive underwrites private and commercial auto insurance and specialty lines; it has over 20 million personal auto policies in force and is the fourth- largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.
Progressive Corporation (The) (NYSE:PGR) defies analysts with a current price ($112.81) 0.5% above its average consensus price target of $112.27.
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