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Fly News Breaks for May 24, 2016
PGR, TRV
May 24, 2016 | 11:30 EDT
MKM Partners analyst Harry Fong believes Travelers (TRV) should buy Progressive (PGR). The analyst believes a Travelers and Progressive combination has the potential of being the leading writer of small commercial insurance and the third largest writer of personal auto insurance in the United States moving ahead of Allstate (ALL).