Progressive Corp (PGR) Stock AnalysisPGRProgressive Corp

The Progressive Corporation is an insurance holding company, which has insurance and non-insurance subsidiaries and affiliates. The Company's segments include Personal Lines, Commercial Lines and Other indemnity. The Personal Lines segment writes insurance for personal autos and special lines products. Its special lines of products include recreational vehicles, such as motorcycles, RVs, and watercraft. The Company's Personal Lines products are sold through both the agency and direct channels. The Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and commercial property insurance predominately for small businesses, and workers’ compensation insurance primarily for the transportation industry. Its reinsurance activity includes both transactions which are regulated and those that are non-regulated. It offers Snapshot through hardware-based and/or mobile-app versions in all states, other than California. It operates in the Financials sector (FIRE, MARINE & CASUALTY INSURANCE industry).

Progressive Corp is a good buy right now, trading at $228.07 with a forward P/E of 12.69, which is attractive compared to its historical averages. The stock has shown a strong 5-day change of +4.38% and a solid RSI of 71.776, indicating bullish momentum. However, the main risk is its recent price volatility, as seen with a -4.23% change following the last earnings report.

19 analysts cover PGR: 9 rate it Buy, 8 Hold and 2 Sell. The average price target is 257.11.