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The Progressive Corporation (NYSE:PGR) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. When a caller mentioned that it might be the time to start a position in the stock, Cramer said:

You know, I gotta tell you, that group is under a lot of pressure…The group’s under a lot of pressure. I saw a downgrade today, Travelers to Sell. Travelers is a pristine company. I saw Chubb some cut numbers today. I don’t want you to touch it. When you see number cuts in an entire industry, it doesn’t matter how good this one company might be, and they’re a good company.

Photo by Jakub Żerdzicki on Unsplash 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. During the March 12 episode, a caller asked if the stock was a buy, sell, or hold, and Cramer replied:

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.

While we acknowledge the potential of PGR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years  Disclosure: None. Follow Insider Monkey on Google News.