YorkBridge Wealth Partners LLC Sells 140 Shares of Progressive Corp (PGR)

Earnest Partners LLC decreased its position in Progressive Corporation (The) (NYSE:PGR) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. Longview Partners Guernsey LTD now owns 19,547,018 shares of the insurance provider's stock worth $861,828,000 after purchasing an additional 1,035,246 shares in the last quarter. National Planning Corp grew its stake in Progressive Corporation (The) by 28.0% in the second quarter. IFP Advisors Inc now owns 2,984 shares of the insurance provider's stock worth $132,000 after acquiring an additional 341 shares in the last quarter. BlackRock Inc. lifted its holdings in Progressive Corporation (The) by 1.8% in the second quarter. Artisan Partners Limited Partnership now owns 11,586,365 shares of the insurance provider's stock worth $510,843,000 after purchasing an additional 3,332,180 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in shares of Progressive Corporation (The) by 4.1% during the 2nd quarter. The firm owned 26,139,616 shares of the insurance provider's stock after selling 856,930 shares during the quarter. Arrowstreet Capital Partnership stated it has 2.03M shares or 0.27% of all its holdings. Kbc Group Inc Nv owns 0.02% invested in Progressive Corp (NYSE:PGR) for 55,064 shares. During the same period previous year, the company posted $0.33 EPS. Institutional investors own 76.70% of the company's stock.

The Progressive Corporation (PGR) closed 17.19% above its 200-day moving average and is 3.98% above another chart threshold, its 50-day moving average. BlackRock Inc. now owns 36,533,106 shares of the insurance provider's stock worth $1,610,745,000 after purchasing an additional 636,087 shares in the last quarter. The firm has a market capitalization of $28.63 billion, a price-to-earnings ratio of 20.97 and a beta of 0.87. The firm's 50-day moving average is $47.36 and its 200-day moving average is $44.04. Progressive Corporation has a 52 week low of $30.99 and a 52 week high of $49.41.

Progressive Corporation (The) (NYSE:PGR) last released its earnings results on Tuesday, July 18th. As of the latest earnings report the EPS was $2.35 and is expected to be $2.31 for the current year with 581,048,000 shares now outstanding. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.78 billion. Progressive Corp had a return on equity of 12.59% and a net margin of 4.40%. The company's revenue for the quarter was up 13.7% on a year-over-year basis. They expect $0.63 EPS, up 75.00% or $0.27 from last year's $0.36 per share. The stock was sold at an average price of $48.65, for a total transaction of $2,432,500.00. Following the transaction, the chief financial officer now directly owns 370,364 shares in the company, valued at $18,018,208.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

In other Progressive Corporation (The) news, insider Susan Patricia Griffith sold 35,000 shares of the company's stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $48.73, for a total transaction of $60,912.50. Corporate insiders own 0.56% of the company's stock. The disclosure for this sale can be found here. Insiders have sold 86,250 shares of company stock valued at $4,196,513 in the last three months.

TRADEMARK VIOLATION WARNING: This report was posted by BBNS and is the sole property of of BBNS. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & worldwide copyright & trademark law. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/10/08/bluefin-trading-llc-invests-1-04-million-in-progressive-corporation-the-pgr-stock.html. UBS AG raised shares of Progressive Corporation (The) from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, July 13th. Barclays PLC reissued a "sell" rating and set a $33.00 price objective on shares of Progressive Corp in a research note on Sunday, February 19th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $43.00 target price (up previously from $40.00) on shares of Progressive Corporation (The) in a report on Friday, July 7th. On Monday, March 14 the stock rating was upgraded by Bank of America to "Buy".

Among 18 analysts covering Progressive (NYSE:PGR), 7 have Buy rating, 3 Sell and 8 Hold. On September 18 Credit Suisse held the company rating at "Underperform" but raised the price target to $42.00 from $30.00.

The Progressive Corporation is an insurance holding company. The Business's insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments.

Notícias recomendadas

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.