Progressive Corporation: Shares at $111.13 at 12.13

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Progressive Corporation: Shares at $111.13 at 12.13

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The shares of the Progressive Corporation NYSE: PGR traded at $111.13 today, eclipsing its 12 month high. The Progressive Corporation has a potential upside of 38.0% based on the current price of $109.81 and analysts consensus price target of $151.50.

The Progressive Corporation traded in a range of $84.89 to $111.13 over the past year, and is now at $109.81, 29% above that low.

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 through 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.

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This post contains sponsored advertising content. This content is for informational purposes and is not intended to be investing advice.