Jim Cramer Suggests Berkshire Hathaway and Chubb Over The Progressive Corporation

The Progressive Corporation (NYSE:PGR) is one of the stocks Jim Cramer evaluated, along with the fragile food market. During the episode, a caller inquired if the stock is a buy, sell, or hold. In response, Cramer said:

I’m not a big believer in the… this insurance companies, particularly in that particular way. Hey, listen, if you want to own an insurance company, go own Berkshire Hathaway. They’ve got GEICO. It’s a much better diversified way to be involved in insurance. And Chubb is a better company, too, if you want to put that out there.

The Progressive Corporation (NYSE:PGR) provides insurance for personal vehicles, residential properties, and commercial transportation fleets, as well as specialized business liability coverage and investment services. We recently mentioned the stock while compiling a list of safe stocks to buy now for a starter stock portfolio. You can read about it here.

While we acknowledge the risk and potential of PGR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PGR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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