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Progressive Corporation (the) (PGR) [hlAlert]

Rating:
Buy PGR
up 15.32 %

Progressive Corporation (the) (PGR) rated Buy with price target $32 by MKM Partners

Posted on: Friday,  May 17, 2013  11:25 AM ET by MKM Partners

MKM Partners rated Buy Progressive Corporation (NYSE: PGR) on 05/17/2013, when the stock price was $26.23. Since
then, Progressive Corporation has gained 15.33% as of 12/17/2015's recent price of $30.25.
If you would have followed this MKM Partners's recommendation on PGR, you would have gained 15.32% of your investment in 944 days.

The Progressive Corporation is an insurance holding company. As of December 31, 2008, the Company owned 58 subsidiaries and had one mutual insurance company affiliate. Its insurance subsidiaries provide personal and commercial automobile insurance, and other specialty property-casualty insurance and related services throughout the United States. The Company?s Personal Lines segment writes insurance for private passenger automobiles and recreational and other vehicles. The Commercial Auto segment business writes primary liability and physical damage insurance for automobiles and trucks owned by small businesses. The Company?s other indemnity businesses primarily include writing professional liability insurance for community banks, principally directors and officers liability insurance. Its service businesses include providing insurance-related services, primarily for the commercial auto insurance procedures/plans (CAIP).

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/17/2013 11:25 AM Buy
None
26.23 32.00
as of 12/13/2013
1 Week down  -4.68 %
1 Month down  -3.06 %
3 Months up  1.19 %
1 YTD up  0.03 %

(*) Stock Price at the time of the recommendation.
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