Shares of Progressive Corporation (The) (PGR) Rise to a New 52-Week High

Progressive Corporation (The) (NYSE:PGR) traded today at a new 52-week high of $117.00. So far today approximately 134,000 shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.

There is potential upside of 0.1% for shares of Progressive Corporation (The) based on a current price of $116.66 and an average consensus analyst price target of $116.80.

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.

In the past 52 weeks, Progressive Corporation (The) share prices are bracketed by a low of $89.35 and a high of $117.00 and is now at $116.66, 31% above that low price.

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