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

IBN Spotlights
Wednesday, January 26, 2022 at 3:24pm UTC

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.

Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts

To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected

About IBN (InvestorBrandNetwork)

IBN consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and Code Editorial Syndication to 5,000+ broadcast outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign and the NEW normal.

For more information on IBN, please visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer