Wright Traders Service Inc. decreased its place in shares of The Progressive Co. (NYSE:PGR – Free Report) by 12.8% within the third quarter, Holdings Channel studies. The agency owned 33,119 shares of the insurance coverage supplier’s inventory after promoting 4,851 shares through the interval. Progressive accounts for about 2.2% of Wright Traders Service Inc.’s holdings, making the inventory its tenth largest place. Wright Traders Service Inc.’s holdings in Progressive had been price $8,404,000 as of its most up-to-date SEC submitting.
A number of different institutional traders and hedge funds have additionally not too long ago added to or decreased their stakes within the enterprise. HBW Advisory Companies LLC purchased a brand new stake in shares of Progressive through the third quarter valued at roughly $249,000. MRA Advisory Group boosted its place in Progressive by 45.4% within the third quarter. MRA Advisory Group now owns 2,258 shares of the insurance coverage supplier’s inventory valued at $573,000 after shopping for a further 705 shares within the final quarter. SG Americas Securities LLC grew its stake in shares of Progressive by 206.8% through the third quarter. SG Americas Securities LLC now owns 875,660 shares of the insurance coverage supplier’s inventory price $222,207,000 after shopping for a further 590,235 shares over the last quarter. Czech Nationwide Financial institution elevated its holdings in shares of Progressive by 6.9% through the third quarter. Czech Nationwide Financial institution now owns 119,306 shares of the insurance coverage supplier’s inventory price $30,275,000 after shopping for a further 7,696 shares within the final quarter. Lastly, Central Pacific Financial institution Belief Division lifted its stake in shares of Progressive by 4.7% within the third quarter. Central Pacific Financial institution Belief Division now owns 26,784 shares of the insurance coverage supplier’s inventory valued at $6,797,000 after buying a further 1,205 shares over the last quarter. 85.34% of the inventory is at the moment owned by institutional traders.
Insider Transactions at Progressive
In different information, insider Andrew J. Quigg bought 3,975 shares of the enterprise’s inventory in a transaction that occurred on Monday, July twenty second. The inventory was bought at a mean value of $214.01, for a complete transaction of $850,689.75. Following the completion of the sale, the insider now owns 32,780 shares within the firm, valued at $7,015,247.80. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is offered by this hyperlink. In different information, insider Andrew J. Quigg bought 3,975 shares of the enterprise’s inventory in a transaction dated Monday, July twenty second. The shares had been bought at a mean value of $214.01, for a complete transaction of $850,689.75. Following the completion of the sale, the insider now immediately owns 32,780 shares of the corporate’s inventory, valued at $7,015,247.80. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is offered at this hyperlink. Additionally, CEO Susan Patricia Griffith bought 43,371 shares of the agency’s inventory in a transaction dated Monday, July twenty second. The shares had been bought at a mean value of $214.01, for a complete transaction of $9,281,827.71. Following the completion of the transaction, the chief govt officer now immediately owns 517,105 shares within the firm, valued at roughly $110,665,641.05. The commerce was a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders have bought 146,512 shares of firm inventory valued at $33,912,874 within the final 90 days. 0.34% of the inventory is at the moment owned by company insiders.
Wall Avenue Analysts Forecast Progress
Quite a few equities analysts have issued studies on PGR shares. Financial institution of America upped their goal value on Progressive from $294.00 to $312.00 and gave the inventory a “purchase” ranking in a report on Tuesday, September third. BMO Capital Markets dropped their value goal on shares of Progressive from $239.00 to $237.00 and set an “outperform” ranking for the corporate in a report on Wednesday, August seventh. Wells Fargo & Firm lifted their goal value on shares of Progressive from $281.00 to $282.00 and gave the inventory an “obese” ranking in a analysis report on Tuesday, September tenth. Morgan Stanley upped their value goal on shares of Progressive from $260.00 to $300.00 and gave the corporate an “obese” ranking in a analysis report on Monday, September sixteenth. Lastly, Jefferies Monetary Group boosted their value goal on shares of Progressive from $256.00 to $257.00 and gave the inventory a “purchase” ranking in a analysis observe on Wednesday, July seventeenth. Six analysis analysts have rated the inventory with a maintain ranking, 13 have assigned a purchase ranking and one has assigned a powerful purchase ranking to the inventory. In keeping with knowledge from MarketBeat.com, the corporate has a mean ranking of “Average Purchase” and a consensus value goal of $257.18.
View Our Newest Inventory Evaluation on Progressive
Progressive Buying and selling Up 1.2 %
PGR inventory traded up $3.09 throughout mid-day buying and selling on Friday, reaching $255.36. The corporate’s inventory had a buying and selling quantity of 1,951,766 shares, in comparison with its common quantity of two,503,230. The Progressive Co. has a 12 month low of $141.73 and a 12 month excessive of $260.46. The corporate has a present ratio of 0.31, a fast ratio of 0.31 and a debt-to-equity ratio of 0.30. The enterprise’s 50 day transferring common value is $241.69 and its 200 day transferring common value is $221.03. The corporate has a market cap of $149.56 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 0.70 and a beta of 0.35.
Progressive (NYSE:PGR – Get Free Report) final introduced its quarterly earnings knowledge on Tuesday, July sixteenth. The insurance coverage supplier reported $2.65 EPS for the quarter, topping the consensus estimate of $2.04 by $0.61. The corporate had income of $17.90 billion through the quarter, in comparison with the consensus estimate of $17.54 billion. Progressive had a web margin of 10.17% and a return on fairness of 33.01%. The corporate’s quarterly income was up 21.6% on a year-over-year foundation. Throughout the identical quarter final yr, the agency posted $0.57 EPS. On common, equities analysis analysts predict that The Progressive Co. will submit 13.02 EPS for the present yr.
Progressive Dividend Announcement
The enterprise additionally not too long ago disclosed a quarterly dividend, which shall be paid on Friday, October eleventh. Stockholders of document on Thursday, October third shall be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October third. This represents a $0.40 annualized dividend and a dividend yield of 0.16%. Progressive’s dividend payout ratio is at the moment 4.09%.
About Progressive
The Progressive Company, an insurance coverage holding firm, gives private and business auto, private residential and business property, enterprise associated normal legal responsibility, and different specialty property-casualty insurance coverage merchandise and associated companies in the USA. It operates in three segments: Private Traces, Business Traces, and Property.
See Additionally
Need to see what different hedge funds are holding PGR? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for The Progressive Co. (NYSE:PGR – Free Report).
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