Fulton Breakefield Broenniman LLC bought a brand new place in Progressive Corp (NYSE:PGR) throughout the third quarter, based on the corporate in its most up-to-date disclosure with the Securities and Change Fee. The agency bought 138,552 shares of the insurance coverage supplier’s inventory, valued at roughly $10,703,000.
Numerous different hedge funds additionally lately purchased and offered shares of the inventory. CIBC Asset Administration Inc boosted its stake in Progressive by three.zero% within the 2nd quarter. CIBC Asset Administration Inc now owns 57,954 shares of the insurance coverage supplier’s inventory price $four,632,000 after buying an extra 1,714 shares within the final quarter. D.A. Davidson & CO. boosted its stake in Progressive by 14.four% within the 2nd quarter. D.A. Davidson & CO. now owns 9,966 shares of the insurance coverage supplier’s inventory price $797,000 after buying an extra 1,254 shares within the final quarter. Level72 Hong Kong Ltd boosted its stake in Progressive by 25.1% within the 2nd quarter. Level72 Hong Kong Ltd now owns 11,681 shares of the insurance coverage supplier’s inventory price $934,000 after buying an extra 2,345 shares within the final quarter. Ibex Wealth Advisors boosted its stake in Progressive by 9.9% within the 2nd quarter. Ibex Wealth Advisors now owns 40,761 shares of the insurance coverage supplier’s inventory price $three,258,000 after buying an extra three,655 shares within the final quarter. Lastly, Arden Belief Co acquired a brand new stake in Progressive within the 2nd quarter price roughly $613,000. 78.67% of the inventory is presently owned by institutional buyers.
NYSE PGR traded up $1.11 on Friday, hitting $73.67. The corporate had a buying and selling quantity of 5,105,250 shares, in comparison with its common quantity of three,089,688. Progressive Corp has a 12-month low of $56.71 and a 12-month excessive of $84.96. The corporate has a debt-to-equity ratio of zero.31, a present ratio of zero.42 and a fast ratio of zero.36. The corporate’s fifty day shifting common worth is $73.13 and its 200-day shifting common worth is $77.38. The corporate has a market capitalization of $40.28 billion, a PE ratio of 16.67, a PEG ratio of 1.75 and a beta of zero.65.
Progressive (NYSE:PGR) final introduced its earnings outcomes on Thursday, November seventh. The insurance coverage supplier reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $zero.03. Progressive had a web margin of eight.69% and a return on fairness of 25.83%. On common, sell-side analysts anticipate that Progressive Corp will put up 5.37 EPS for the present yr.
PGR has been the topic of quite a lot of latest analysis stories. Evercore ISI initiated protection on shares of Progressive in a analysis report on Thursday, October 17th. They set an “in-line” ranking and a $78.00 worth goal for the corporate. ValuEngine lowered shares of Progressive from a “maintain” ranking to a “promote” ranking in a analysis report on Tuesday, October 15th. Wells Fargo & Co reissued a “maintain” ranking and set a $76.00 worth goal on shares of Progressive in a analysis report on Thursday. Credit score Suisse Group diminished their worth goal on shares of Progressive from $90.00 to $85.00 and set an “outperform” ranking for the corporate in a analysis report on Friday, October 18th. Lastly, UBS Group raised their worth goal on shares of Progressive from $88.00 to $95.00 and gave the inventory a “purchase” ranking in a analysis report on Monday, July 29th. One analysis analyst has rated the inventory with a promote ranking, six have assigned a maintain ranking and 5 have given a purchase ranking to the corporate’s inventory. The corporate presently has a median ranking of “Maintain” and a median goal worth of $82.64.
In different information, CFO John P. Sauerland offered 12,000 shares of the enterprise’s inventory in a transaction dated Friday, August 16th. The shares had been offered at a median worth of $77.58, for a complete transaction of $930,960.00. The sale was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. Additionally, CEO Susan Patricia Griffith offered 22,500 shares of the enterprise’s inventory in a transaction dated Thursday, August 15th. The shares had been offered at a median worth of $76.47, for a complete transaction of $1,720,575.00. Following the transaction, the chief government officer now immediately owns 352,795 shares within the firm, valued at roughly $26,978,233.65. The disclosure for this sale could be discovered here. Within the final ninety days, insiders have offered 39,500 shares of firm inventory price $three,005,735. zero.39% of the inventory is presently owned by company insiders.
Progressive Firm Profile
The Progressive Company, by way of its subsidiaries, gives private and business auto insurance coverage, residential property insurance coverage, and different specialty property-casualty insurance coverage and associated providers primarily in america. Its Private Strains phase writes insurance coverage for private autos, and leisure and different autos.
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