Progressive Corporation (The) (NYSE:PGR) traded today at a new 52-week high of $117.32. Approximately 257,000 shares have changed hands today, as compared to an average 30-day volume of 2.5 million shares.
In the past 52 weeks, shares of Progressive Corporation (The) have traded between a low of $89.35 and a high of $117.32 and is now at $115.96, which is 30% above that low price.
Potential upside of 0.7% exists for Progressive Corporation (The), based on a current level of $115.96 and analysts’ average consensus price target of $116.80.
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.
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