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

Rating:
Outperform
PGR
up 49.60 %

Progressive Corporation (PGR) rated Outperform with price target $23 by Friedman Billings

Posted on: Tuesday,  Jul 15, 2008  8:25 AM ET by Friedman Billings

Friedman Billings rated Outperform Progressive Corporation (NYSE: PGR) on 07/15/2008. Previously Friedman Billings rated Outperform Progressive Corporation (NYSE: PGR) on
06/02/2008., when the stock price was $20.22. Since then, Progressive Corporation has gained 49.60% as of 12/17/2015's recent price of $30.25.
If you would have followed the previous Friedman Billings's recommendation on PGR, you would have gained 49.6% of your investment in 2754 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).

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/15/2008 8:25 AM Buy
None
18.34 23.00
as of 12/24/2008
1 Week down  -2.33 %
1 Month up  14.77 %
3 Months up  22.40 %
1 YTD down  -0.29 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/2/2008 8:25 AM Buy
None
20.22 24.00
10/5/2007 9:25 AM Hold
None
20.01 20.00

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