Shares of Progressive Corporation (The) (PGR) Exceed 52-Week High

Shares of Progressive Corporation (The) (NYSE:PGR) traded at a new 52-week high today of $111.85. This new high was reached on below average trading volume as 630,000 shares traded hands, while the average 30-day volume is approximately 3.2 million shares.

Progressive Corporation (The) share prices have moved between a 52-week high of $111.85 and a 52-week low of $84.89 and are now trading 27% above that low price at $107.67 per share.

Progressive underwrites private and commercial auto insurance and specialty lines; it has over 20 million personal auto policies in force and is the fourth- largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the Internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Progressive Corporation (The) (NYSE:PGR) has potential upside of 42.5% based on a current price of $107.67 and analysts’ consensus price target of $153.44.

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