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Progressive Corporation (the) (PGR) [hlAlert]

Rating:
Buy PGR
up 60.73 %

Progressive Corporation (the) (PGR) rated Buy by Janney Mntgmy Scott

Posted on: Thursday,  Mar 25, 2010  8:25 AM ET by Janney Mntgmy Scott

Janney Mntgmy Scott rated Buy Progressive Corporation (NYSE: PGR) on 03/25/2010, when the stock price was $18.82.
Since then, Progressive Corporation has gained 60.73% as of 12/17/2015's recent price of $30.25.
If you would have followed this Janney Mntgmy Scott's recommendation on PGR, you would have gained 60.73% of your investment in 2093 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).

We are committed to providing innovative, wealth-building investment solutions through original thought, proprietary data and access to company managements, industry leaders and our analysts. Janney’s enduring commitment to primary research coincides with an investment acumen that recognizes our core responsibility – to make money for our clients. Our analysts strive to identify the emerging and sometimes hidden themes that can provide investors a superior return over time.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/25/2010 8:25 AM Buy
None
18.82
as of 12/31/2010
1 Week down  -0.55 %
1 Month down  -3.44 %
3 Months down  -5.89 %
1 YTD up  4.35 %

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