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Progressive Corporation (the) (PGR) [hlAlert]

Rating:
Underweight
PGR
down 10.11 %

Progressive Corporation (the) (PGR) downgraded to Underweight by Barclays

Posted on: Wednesday,  Oct 2, 2013  3:25 PM ET by Barclays

Barclays rated Underweight Progressive Corporation (NYSE: PGR) on 10/02/2013. Previously Barclays rated Equal
Weight Progressive Corporation (NYSE: PGR) on 02/14/2013., when the stock price was $23.93. Since then, Progressive Corporation has gained 13.62% as of 10/02/2013's recent price of $27.19.

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).

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/2/2013 3:25 PM Sell
None
27.19
as of 12/13/2013
1 Week up  4.68 %
1 Month up  3.06 %
3 Months up  3.49 %
1 YTD up  3.49 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/14/2013 1:25 PM None
None
23.93

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