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Progressive Corporation (the) (PGR) [hlAlert]

Rating:
Buy PGR
up 61.50 %

Progressive Corporation (PGR) upgraded to Buy with price target $22.50 by Stifel Nicolaus

Posted on: Friday,  Jan 4, 2008  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Progressive Corporation (NYSE: PGR) on 01/04/2008, when the stock price was $18.73. Since
then, Progressive Corporation has gained 61.51% as of 12/17/2015's recent price of $30.25.
If you would have followed this Stifel Nicolaus's recommendation on PGR, you would have gained 61.5% of your investment in 2904 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).

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/4/2008 8:25 AM Buy
None
18.73 22.50
as of 12/24/2008
1 Week down  -2.33 %
1 Month up  14.77 %
3 Months up  22.40 %
1 YTD down  -11.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/23/2007 9:25 AM Hold
None
21.91

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