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Progressive Corporation (the) (PGR) [hlAlert]

up 13.33 %

Progressive Corporation (the) (PGR) upgraded to Buy with price target $31 by UBS

Posted on: Thursday,  Apr 30, 2015  1:25 PM ET by UBS

UBS rated Buy Progressive Corporation (NYSE: PGR) on 04/30/2015, when the stock price was $26.69. Since
then, Progressive Corporation has gained 13.34% as of 12/17/2015's recent price of $30.25.
If you would have followed this UBS's recommendation on PGR, you would have gained 13.33% of your investment in 231 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).

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/30/2015 1:25 PM Buy
26.69 31.00
as of 8/27/2015
1 Week down  -2.04 %
1 Month up  6.32 %
3 Months up  10.44 %
1 YTD up  13.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/14/2008 8:25 AM Hold
9/17/2007 9:25 AM Sell
19.43 18.00

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