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Progressive (PGR) Receives a Hold from UBS

Tipranks - Tipranks - Tue Feb 3, 5:20AM CST

UBS analyst Brian Meredith maintained a Hold rating on Progressive today and set a price target of $226.00.

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According to TipRanks, Meredith is a 5-star analyst with an average return of 12.3% and a 76.75% success rate. Meredith covers the Financial sector, focusing on stocks such as Aon, Arthur J Gallagher & Co, and Brown & Brown.

In addition to UBS, Progressive also received a Hold from KBW’s Meyer Shields in a report issued on January 30. However, on January 29, Morgan Stanley maintained a Sell rating on Progressive (NYSE: PGR).

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Based on Progressive’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $22.51 billion and a net profit of $2.62 billion. In comparison, last year the company earned a revenue of $19.71 billion and had a net profit of $2.33 billion

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