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Progressive Corporation (the) (PGR) [hlAlert]

Rating:
Reduce PGR
down 18.08 %

Progressive Corporation (the) (PGR) rated Reduce by Nomura

Posted on: Wednesday,  Jun 5, 2013  9:25 AM ET by Nomura

Nomura rated Reduce Progressive Corporation (NYSE: PGR) on 06/05/2013, when the stock price was $24.78. Since
then, Progressive Corporation has gained 22.07% as of 12/17/2015's recent price of $30.25.
If you would have followed this Nomura's recommendation on PGR, you would have lost 18.08% of your investment in 925 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).

Nomura
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/5/2013 9:25 AM Sell
None
24.78
as of 12/13/2013
1 Week up  4.68 %
1 Month up  3.06 %
3 Months down  -1.19 %
1 YTD down  -5.89 %

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