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Enter Symbol:
 
Progressive Corporation (the) (PGR) [hlAlert]

Rating:
Mkt Outperform
PGR
down 1.62 %

Progressive Corporation (the) (PGR) rated Mkt Outperform by JMP Securities

Posted on: Wednesday,  Sep 16, 2015  10:25 AM ET by JMP Securities

JMP Securities rated Mkt Outperform Progressive Corporation (NYSE: PGR) on 09/16/2015, when the stock price was $30.75.
Since then, Progressive Corporation has lost 1.63% as of 12/17/2015's recent price of $30.25.
If you would have followed this JMP Securities's recommendation on PGR, you would have lost 1.62% of your investment in 92 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).

MP Securities' equity research department provides institutional clients with comprehensive industry knowledge, unique insight and actionable information. JMP's senior research analysts are charged with developing proprietary investment themes, anticipating secular and cyclical changes and producing action-oriented reports. JMP follows companies in six industries that exhibit above-average long-term growth characteristics — Technology, Healthcare, Consumer, Real Estate, Financial Services and Business Services — and produces specialized equity research that enables investors to understand and invest in complicated growth stocks profitably.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/16/2015 10:25 AM Buy
None
30.75
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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