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Progressive Corporation (The) This can be found using the ticker (PGR). Fifteen analysts currently cover the stock with a consensus suggesting a ‘Hold’ rating. The range between high and low target prices is 178-111, with an average target price of $149.73. Given that the previous closing price was $148.15, this indicates a potential upside of 1.1%. The 50 day moving average is at $141.57 and the 200 moving average is currently moving to $128.75. The company has a market capitalization of $80.903 billion. For more information, please visit https://www.progressive.com.
The potential market cap is $81,766 million based on market consensus.
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Progressive Corporation, an insurance holding company, offers personal and commercial automobile, personal residential and commercial property, general liability, and other specialized property and casualty insurance products and related services in the United States. It operates through three segments: Personal Lines, Commercial Lines and Real Estate. The Personal Lines segment deals with personal automobile and recreational vehicle (RV) insurance. Products in this segment include personal automobile insurance. A specialty product line that includes insurance for motorcycles, ATVs, RVs, watercraft, snowmobiles, and related products. The Commercial Lines segment provides motor vehicle liability and property damage insurance for cars, vans, pickup trucks and dump trucks used by small and medium-sized businesses, and general business liability and property insurance. Tractors, trailers, and straight trucks used primarily by regional general cargo and expeditor type businesses, and long haulers. Dump trucks, log trucks, garbage trucks used in soil, sand, gravel, logging, trash/debris removal, and coal-based operations. Tow trucks and wreckers used for towing services and gas station business. So are fleet taxis, airport taxis and black car services. The Real Estate segment produces residential property insurance for homeowners, other property owners and renters, and offers manufactured homes, personal umbrella insurance, primary and excess flood insurance. The company provides insurance policy issuance and claims reconciliation services. Acts as an agent for homeowners, general liability, workers’ compensation, and other products. We also provide reinsurance services. The company sells its products through independent insurance agents, mobile applications and over the phone. Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.
The company has a dividend yield of 0.27% and an ex-dividend date set for May 4, 2023 (DMY).
Other points of note in the data are the P/E ratio of 124.51, earnings per share of 84.85, and return on assets of 1.18%.
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