Wednesday, 20 November, 2019


What's Propelling The Progressive Corporation (PGR) to Reach Record High?

Noah Ferguson | 15 December, 2017, 06:15

The Progressive Corporation (PGR) stock price is growing 0.49% to $55.15. The company's stock had a trading volume of 3,407,800 shares, compared to its average volume of 3,081,864.

Following some medium-term indicators on shares of CBS Corporation (CBS), we can see that the 40-day commodity channel index signal is presently Hold while the 50-day Parabolic SAR generates a Buy signal. CODY WILLIAM M also sold $2.23 million worth of The Progressive Corporation (NYSE:PGR) shares. Hedge funds and other institutional investors own 79.55% of the company's stock. Ballentine Partners Llc who had been investing in Banco Bilbao Vizcaya Argenta for a number of months, seems to be less bullish one the $56.22B market cap company. Through this figure traders can analyze that PGR show whether or not a stock now most active and standing in buying side or sell side. It has outperformed by 24.97% the S&P500. Ameritas Investment Partners Incorporated holds 0.03% in The Progressive Corporation (NYSE:PGR) or 13,361 shares. More interesting news about The Progressive Corporation (NYSE:PGR) were released by: Streetinsider.com and their article: "Progressive Corp". Peak Asset Management LLC boosted its stake in shares of Progressive by 2.3% in the second quarter.

Investors sentiment decreased to 1.07 in Q2 2017. Its the same as in 2017Q1. The company trades on average around 306000 shares per market session. Benjamin F Edwards holds 0% or 294 shares. X's institutional ownership was registered as 65.30% while insider ownership was 0.10%. Ahl Prtn Llp invested in 0.12% or 96,382 shares. Gulf Int Bank & Trust (Uk) Limited accumulated 799,691 shares or 0.99% of the stock. It has ditched 1.71 million shares. Glenmede Na holds 292,021 shares or 0.05% of its portfolio. PGR is now priced at a 4.04% to its one-year price target of 52.75. Pension Serv owns 560,884 shares. Pekin Singer Strauss Asset Mgmt Il holds 8,000 shares. Headinvest Ltd Liability has 144,390 shares for 4.15% of their portfolio. CAPITAL RESEARCH GLOBAL INVESTORS also announced decreased position in The Progressive Corporation (PGR) during the quarter. It also upped First Industrial Realty Trus (NYSE:FR) stake by 12,200 shares and now owns 14,400 shares. Natixis Asset Mngmt stated it has 0.01% of its portfolio in Pinnacle Foods Inc. 449.71 million shares or 0.33% less from 451.19 million shares in 2017Q1 were reported. Out of all the analysts providing recommendations, 5 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research. Therefore 92% are positive. Sometimes, companies may report great numbers with a solid beat, and the stock will head lower. As per Tuesday, September 1, the company rating was initiated by Morgan Stanley.

One of the key things investors look for in a company is the ability to grow earnings at a high compound rate over time. The firm earned "Hold" rating on Thursday, August 3 by Wells Fargo. The Progressive Corporation (NYSE:PGR) has risen 26.23% since December 14, 2016 and is uptrending.

The Return on Invested Capital (aka ROIC) Score for Mitsui O.S.K. Lines, Ltd. (TSE:9104) is 2.833683. The stock of The Procter & Gamble Company (NYSE:PG) has "Neutral" rating given on Tuesday, November 17 by Citigroup.

The stock is now showing YTD performance of 55.35 Percent.

Several research analysts have recently weighed in on PGR shares. The Lower end of the earnings estimate is $0.6, while the higher end of the earnings estimate is $0.87. PGR's profit will be $395.48 million for 20.26 P/E if the $0.68 EPS becomes a reality. The insurance provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.34 by $0.07. Following the transaction, the insider now owns 108,038 shares of the company's stock, valued at approximately $5,283,058.20. The stock was sold at an average price of $48.23, for a total transaction of $434,070.00. Sieger Michael D had sold 5,000 shares worth $223,695. Nippon Life has invested 0.03% in The Progressive Corporation (NYSE:PGR). Another trade for 50,000 shares valued at $2.43 million was sold by Sauerland John P. On Friday, October 20 the insider Charney M Jeffrey sold $293,400. Blue Rock Advisors LLC acquired a new stake in shares of Progressive Corporation (The) during the third quarter valued at approximately $1,909,000.

Pacad Investment Ltd increased Jack In The Box Inc (NASDAQ:JACK) stake by 12,100 shares to 13,000 valued at $1.28 million in 2017Q2.

The Progressive Corporation has a consensus outperform rating from 20 Wall Street analysts, and the number of shares now sold short amount to at least 1.16% of shares outstanding.

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