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Progressive Corporation (the) (PGR) [hlAlert]

Rating:
Perform PGR
3 Months Gains
down 10.93 %

Progressive Corporation (the) (PGR) rated Perform by Oppenheimer

Posted on: Monday,  Mar 29, 2010  8:25 AM ET by Oppenheimer

Progressive Corporation (the)
(NYSE: PGR) rated Perform by Oppenheimer.

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).

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/29/2010 8:25 AM None
None
19.47
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -8.22 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/16/2009 8:25 AM Sell
None
17.34 15.00

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