Progressive Corp. said late Friday its board of directors has authorized the company to buy back up to 25 million of its common shares, replacing a June 2011 program. The new program does not have an expiration date, the insurer said. Shares of Progressive were flat in after-hours trading and ended the regular session down 0.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
