DnB Asset Management AS Has $9.30 Million Stake in Progressive Corp (PGR)
DnB Asset Management AS Has $9.30 Million Stake in Progressive Corp (PGR)
13 January, 2018, 21:31
Following the completion of the sale, the chief marketing officer now directly owns 102,038 shares of the company's stock, valued at approximately $5,050,881. It turned negative, as 43 investors sold The Progressive Corporation shares while 189 reduced holdings. The stock increased 0.04% or $0.04 during the last trading session, reaching $92.45. About 958,814 shares traded. It has outperformed by 9.35% the S&P500. The stock's 52-week range is $35.72 to $57.18, and its 3-month range is $47.89 to $57.18. New Vernon Investment Management Llc bought 28,000 shares as the company's stock rose 6.56% with the market. Institutional investors own 79.39% of the company's stock. Van Cleef Asset Managementinc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $32.33B market cap company. Of those insider trades, 0 shares of The Progressive Corporation were purchased and 90,419 shares were sold. About 16.12 million shares traded or 18.12% up from the average. The Progressive Corporation (NYSE:PGR) has risen 26.23% since January 10, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.
Since August 17, 2017, it had 0 buys, and 5 insider sales for $4.92 million activity.
COPYRIGHT VIOLATION NOTICE: "DnB Asset Management AS Has $9.30 Million Stake in Progressive Corp (PGR)" was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. Another trade for 1,250 shares valued at $60,913 was made by Broz Steven on Wednesday, August 23. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Therefore 100% are positive. TD Bank had 22 analyst reports since August 12, 2015 according to SRatingsIntel. On Monday, July 18 the stock rating was maintained by Barclays Capital with "Overweight".
Crow Point Partners Llc holds 5.68% of its portfolio in Shenandoah Telecommunications Company for 940,000 shares. Morgan Stanley increased their price target on shares of Progressive from $49.00 to $51.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 18th. The company was upgraded on Tuesday, March 21 by Sandler O'Neill. The beta factor is 0.90.Volatility shows sense of how far the stock will fall if the market takes a dive and how high stock will rise if the bull starts to climb.
Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. 65 funds opened positions while 178 raised stakes. Currently, the stock has a 3 months average volume of 0.41 million. Arizona State Retirement Sys accumulated 249,745 shares or 0.14% of the stock. Art has invested 0.31% in The Progressive Corporation (NYSE:PGR). Ancora Limited Liability Company reported 18,381 shares. Van Cleef Asset Managementinc stated it has 12.26% of its portfolio in The Progressive Corporation (NYSE:PGR). The Michigan-based Telemus Capital Limited Liability Corp has invested 0.06% in U.S. Bancorp (NYSE:USB). 839,328 were accumulated by Great West Life Assurance Communications Can. The legal version of this story can be viewed at https://baseballnewssource.com/markets/waverton-investment-management-ltd-buys-shares-of-14265-progressive-corp-pgr/1823348.html. The Lafayette Investments Inc holds 159,176 shares with $7.71M value, down from 214,021 last quarter. Credit Suisse Ag reported 0.07% of its portfolio in The Progressive Corporation (NYSE:PGR).
PGR has been the subject of a number of other reports. Capital Planning Advsrs Limited Liability Com accumulated 0.12% or 6,103 shares. Analyzing JUNO this week, analysts seem to be content with keeping to their neutral forecast call at 2.1. Nordea Inv Mngmt holds 387,354 shares or 0.05% of its portfolio. LP boosted its holdings in shares of Progressive by 62.6% in the second quarter.
Progressive Corporation (The) (NYSE:PGR) last issued its quarterly earnings results on Wednesday, January 25th. They expect $1.12 earnings per share, up 12.00 % or $0.12 from last year's $1 per share. PGR's profit would be $430.39 million giving it 18.79 P/E if the $0.74 EPS is correct. The company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.15. Therefore 27% are positive. KeyBanc Capital Markets has "Buy" rating and $125.0 target. The firm has "Outperform" rating given on Wednesday, August 16 by BMO Capital Markets. The firm has "Overweight" rating given on Tuesday, November 24 by Piper Jaffray. The stock has a consensus rating of "Hold" and an average price target of $50.41. Jefferies maintained Deere & Company (NYSE:DE) on Monday, September 18 with "Hold" rating. The firm has "Neutral" rating given on Thursday, December 1 by Susquehanna. The firm has "Buy" rating by UBS given on Tuesday, October 25. Piper Jaffray maintained Deere & Company (NYSE:DE) on Friday, September 29 with "Hold" rating. Deutsche Bank has "Sell" rating and $28 target. Goldman Sachs Group, Inc. It worsened, as 70 investors sold KMI shares while 353 reduced holdings. The company has market cap of $1.62 billion. Wells Fargo maintained the shares of PGR in report on Thursday, August 3 with "Hold" rating.
According to 20 stock analysts, The Progressive Corporation, is being kept at an average Outperform, rating, with at least 1.59% of shares outstanding that are now legally short sold.
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