Progressive Corporation (The) (PGR) has been under a strong bear grip, hence the stock is down -1.18% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.51% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.95% in the last 1 week, and is up 1.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Progressive Corporation (The) (NYSE:PGR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.75 and $33.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.12, notching a gain of 1.82% for the day. The total traded volume was 2,686,177 . The stock had closed at $33.51 on the previous day.
The stock has recorded a 20-day Moving Average of 3.48% and the 50-Day Moving Average is 4.18%. Progressive Corp. is up 3.52% in the last 3-month period. Year-to-Date the stock performance stands at 10.43%.
Progressive Corporation (The) (PGR) : Average target price received by Progressive Corporation (The) (PGR) is $32 with an expected standard deviation of $2.9. The most aggressive target on the stock is $36, whereas the most downbeat target is $27. 11 financial analysts are currently covering the stock.
The Progressive Corporation is an insurance holding company. The Companys insurance subsidiaries and mutual insurance company affiliate provide personal auto insurance, commercial auto and truck insurance principally for small businesses, and other specialty property-casualty insurance and related services. The Companys property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its non-insurance subsidiaries and limited partnership investment affiliate support its insurance and investment operations.