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

Rating:
Mkt Perform
PGR
up 2.73 %

Progressive Corporation (PGR) upgraded to Mkt Perform by Wachovia

Posted on: Tuesday,  May 20, 2008  8:25 AM ET by Wachovia

Wachovia rated Mkt Perform Progressive Corporation (NYSE: PGR) on 05/20/2008. Previously Wachovia rated Sell Progressive Corporation (NYSE: PGR) on
10/08/2007., when the stock price was $19.54. Since then, Progressive Corporation has lost 2.66% as of 05/20/2008's recent price of $19.02.
If you would have followed the previous Wachovia's recommendation on PGR, you would have gained 2.73% of your investment in 225 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).

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2008 8:25 AM Hold
None
19.02
as of 12/24/2008
1 Week down  -2.33 %
1 Month up  14.77 %
3 Months up  22.40 %
1 YTD down  -27.27 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/8/2007 10:28 AM Sell
None
19.54

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