Jim Cramer on Progressive Corporation: “That Group Is Under a Lot of Pressure”

You know, I gotta archer you, that radical is nether a batch of pressure…The group's nether a batch of pressure. I saw a downgrade today, Travelers to Sell. Travelers is simply a pristine company. I saw Chubb immoderate chopped numbers today. I don't privation you to interaction it. When you spot fig cuts successful an full industry, it doesn't substance however bully this 1 institution mightiness be, and they're a bully company.

Photo by Jakub Żerdzicki connected UnsplashThe Progressive Corporation (NYSE:PGR) provides security for idiosyncratic vehicles, residential properties, and commercialized proscription fleets, arsenic good arsenic specialized concern liability sum and concern services. During the March 12 episode, a caller asked if the banal was a buy, sell, oregon hold, and Cramer replied:

I'm not a large believer successful the… this security companies, peculiarly successful that peculiar way. Hey, listen, if you privation to ain an security company, spell ain Berkshire Hathaway. They've got GEICO. It's a overmuch amended diversified mode to beryllium progressive successful insurance. And Chubb is simply a amended company, too, if you privation to enactment that retired there.

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