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

Rating:
Overweight
PGR
up 70.03 %

Progressive Corporation (the) (PGR) rated Overweight with price target $23 by Barclays Capital

Posted on: Tuesday,  Aug 9, 2011  1:25 PM ET by Barclays Capital

Barclays Capital rated Overweight Progressive Corporation (NYSE: PGR) on 08/09/2011, when the stock price was $17.79. Since
then, Progressive Corporation has gained 70.04% as of 12/17/2015's recent price of $30.25.
If you would have followed this Barclays Capital's recommendation on PGR, you would have gained 70.03% of your investment in 1591 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).

Barclays Capital has assembled a world-class, award-winning team of analysts covering, credit, commodities, economics, emerging markets, equities, fixed income, foreign exchange and market strategy. We provide in-depth analysis of companies and macro coverage across asset classes, markets and the world’s economies. We have a highly quantitative approach and our research is underpinned by sophisticated analytics. Combined, these provide clients with the tools and insights necessary for successful risk management and financing. Our research teams are based in many of the world’s major financial centres providing our clients with a globally integrated perspective across products and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/9/2011 1:25 PM Buy
None
17.79 23.00
as of 12/30/2011
1 Week up  1.19 %
1 Month up  3.44 %
3 Months up  9.85 %
1 YTD up  9.66 %

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