Progressive traded at $198.24 this Tuesday March 31st, decreasing $3.15 or 1.56 percent since the previous trading session. Looking back, over the last four weeks, Progressive lost 7.11 percent. Over the last 12 months, its price fell by 30.27 percent. Looking ahead, we forecast Progressive to be priced at 192.87 by the end of this quarter and at 176.03 in one year, according to Trading Economics global macro models projections and analysts expectations.
The Progressive Corporation is an insurance holding company. The Company's insurance subsidiaries provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments. The Company's Personal Lines segment writes insurance for personal autos and recreational vehicles. The Commercial Lines business writes primary liability, physical damage, and business-related general liability and property insurance. It provides property insurance for homes, condos, manufactured homes, and renters, as well as personal umbrella insurance and primary and excess flood insurance. The Company's service business includes commercial auto insurance procedures/plans (CAIP) and commission-based businesses.