Saturday, 20 January, 2018

DnB Asset Management AS Has $9.30 Million Stake in Progressive Corp (PGR)

Conrad Doyle | 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.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Recommended

  • Recent Insiders Bustle: US Silica Holdings, Inc. (SLCA), Wynn Resorts, Limited (WYNN)

    Bartlett & Co increased its stake in Analog Devices Inc (ADI) by 15.99% based on its latest 2017Q3 regulatory filing with the SEC. Also, President Matt Maddox sold 59,260 shares of Wynn Resorts stock in a transaction that occurred on Monday, November 13th.
    Miami Bitcoin Conference No Longer Accepting Bitcoin Payments

    Miami Bitcoin Conference No Longer Accepting Bitcoin Payments

    However, HK/SIN, the cryptocurrency price, fortunately, was able to recover somewhat from the loss to trade at $13,547.7. Bitcoin experienced a sharp decline on Thursday, with its price falling to $13,105.90, its lowest level this year.

    Illinois Tool Works' (ITW) "Buy" Rating Reiterated at Jefferies Group LLC

    A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. For the past 5 years, the company's revenue has grown 1.5%, while the company's earnings per share has grown 11.5%.
  • 18 dead, 5 missing in Southern California mudslides

    18 dead, 5 missing in Southern California mudslides

    The family rode out the storm unharmed on kitchen counters as the debris smashed through the walls and water swirled around them. Trashed areas were awash in a sea of mud, with only the tallest trees standing and some homes buried up to their roofs.
    Failure to strike deal with European Union  'could cost 500000 jobs'

    Failure to strike deal with European Union 'could cost 500000 jobs'

    A no-deal Brexit could result in half a million fewer jobs in the United Kingdom , with almost £50bn in investment lost across the country, a report commissioned by the mayor of London has found.

    Were Analysts Bearish McKesson Corporation (NYSE:MCK) This Week?

    It is positive, as 4 investors sold GBL shares while 25 reduced holdings. 142 funds opened positions while 524 raised stakes. North Tide Limited Liability reported 500,000 shares. 7,015 are held by Old Mutual Customised Solutions (Proprietary) Ltd.
  • Astros acquire pitcher Gerrit Cole from Pirates

    Astros acquire pitcher Gerrit Cole from Pirates

    The Astros would hope that Cole bounces back to his form from 2013-2016 when he had a 3.23 ERA over 579 1/3 innings of work. Cole went 12-12 with a 4.26 ERA and a K/BB ratio of 196/55 in 203 innings across 33 starts for the Pirates in 2017.

    Alder BioPharmaceuticals (ALDR) Upgraded by BidaskClub to Hold

    The Hain Celestial Group, Inc. 14,846 are held by Plancorp Limited Liability Corp. (NASDAQ:AAPL) for 204,865 shares. The difference between the expected and actual EPS was $0.25/share, which represents an Earnings surprise of 21.4%.

    Are Analysts Bullish about Avery Dennison Corporation (NYSE:AVY) after last week?

    KeyBanc Capital Markets maintained the shares of AVY in report on Wednesday, June 21 with "Hold" rating . Ferguson Wellman Mgmt stated it has 0.25% of its portfolio in Avery Dennison Corporation (NYSE:AVY).
  • TD Ameritrade (NASDAQ:AMTD) Upgraded by Zacks Investment Research to "Buy"

    Irving Kahn increased its stake in Patterson Energy (PTEN) by 39.44% based on its latest 2017Q3 regulatory filing with the SEC. JANUS HENDERSON GROUP PLC also announced increased position in TD Ameritrade Holding Corporation ( AMTD ) during the quarter.

    Duke Energy Corporation (DUK) Shares Bought by Nuveen Fund Advisors LLC

    It improved, as 48 investors sold DUK shares while 344 reduced holdings. 75 funds opened positions while 346 raised stakes. The stock of Citigroup Inc. (NYSE:TOL) has "Overweight" rating given on Tuesday, October 13 by Morgan Stanley.
    The Case for and Against Applied Materials, Inc. (AMAT)

    The Case for and Against Applied Materials, Inc. (AMAT)

    After $0.93 actual EPS reported by Applied Materials, Inc . for the previous quarter, Wall Street now forecasts 4.30% EPS growth. MPS Loria Financial Planners LLC bought a new stake in shares of Applied Materials during the 2nd quarter worth about $109,000.

Apple Developing Reese Witherspoon And Peter Chernin-Produced Thriller 'Are You Sleeping' Apple Developing Reese Witherspoon And Peter Chernin-Produced Thriller 'Are You Sleeping' The show will be a collaboration with a joint venture forged in October between Chernin Entertainment and Endeavor Content to develop premium television dramas.

Former ethics commissioner suggests change to rules, after PM's controversial vacation Former ethics commissioner suggests change to rules, after PM's controversial vacation She said that if Trudeau had asked her for guidance before the trip, she would have likely advised him to vacation somewhere else. Trudeau would have been in trouble for sitting in on the two meetings, but not the trip, she said.

Stock Showing Surging Activity: Energous Corporation (NASDAQ:WATT) Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. With 247,600 avg volume, 20 days are for Energous Corporation (NASDAQ:WATT)'s short sellers to cover WATT's short positions.

Hawaii officials say missile alert was mistake Hawaii officials say missile alert was mistake HST when a push notification alerted those in the state of islands to a false missile threat, causing an immediate panic. Several minutes later, the Hawaii Emergency Management Agency said the alert was sent by mistake.

David Harbour honors promise to take senior portraits with a fan David Harbour honors promise to take senior portraits with a fan You can check the post and photos - and yes, he has the trombone - out below. The snap in question is no ordinary photograph. Within 20 minutes, he responded: "25k".

Former Raiders Head Coach Tom Cable Reportedly Will Join Jon Gruden's Staff Former Raiders Head Coach Tom Cable Reportedly Will Join Jon Gruden's Staff The Raiders had seven straight losing seasons before finishing.500 in what would be Cable's last season with the club. Oakland is coming off of a very disappointing 6-10 campaign, just one year after it won 12 games.

Malaysia's prisons department, and 'not Deputy PM Zahid', blocked Mahathir-Anwar meeting Malaysia's prisons department, and 'not Deputy PM Zahid', blocked Mahathir-Anwar meeting He said Anwar was in prison from 1998 to 2004 and then from 2015 till now but Dr Mahathir never wanted to visit him in prison. The UMNO Treasurer said it appeared odd that before this Dr Mahathir had absolutely no interest in visiting Anwar in prison.

Canadian Bureaucrats Now Preparing For The End Of NAFTA: Media Reports Canadian Bureaucrats Now Preparing For The End Of NAFTA: Media Reports But even the prospect of potential damage to the three nations' integrated economies sparked market concerns. CIBC chief economist Avery Shenfeld says a Bank of Canada interest rate hike next week is not a given.

EPS for Colgate-Palmolive Company (CL) Expected At $0.75 The stock of Peyto Exploration & Development Corp (TSE:PEY) has "Outperform" rating given on Tuesday, January 31 by Raymond James. While take a short look on price to sales ratio, that was 0.14 and price to earning ration of 33.75 attracting passive investors.

What Is Insider Trading Activity Like At Campbell Soup Company (CPB)? What Is Insider Trading Activity Like At Campbell Soup Company (CPB)? After $-0.16 actual EPS reported by Cancer Genetics, Inc. for the previous quarter, Wall Street now forecasts -37.50% EPS growth. Sell-side analyst recommendations point to a short term price target of $49.64 on the shares of Campbell Soup Company (CPB ).

Chipotle Mexican Grill, Inc. (CMG) Position Held by Advantus Capital Management Inc NetScout Systems, Inc.'s Average Earnings Estimate for the current quarter is $0.27, according to consensus of 7 analysts. State Of Tennessee Treasury Department stated it has 0.01% of its portfolio in Akamai Technologies, Inc.

Shares Of Simon Property Group, Inc. (SPG) sold By BROADWATER STEVEN K. The Company's principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate. The real estate investment trust reported $2.89 EPS for the quarter, beating the Zacks' consensus estimate of $2.88 by $0.01.

General Electric (GE) Downgraded to "Buy" at Vetr General Electric Company (NYSE:GE) shares were trading higher by 1.99 percent ($0.37) at $18.93 a piece in Wednesday's session. Chao Ku increased its stake in General Electric Co (GE) by 31813.3% based on its latest 2017Q3 regulatory filing with the SEC.

Zacks Investment Research Upgrades Graphic Packaging (GPK) to "Hold" Also, it has an estimated price-earnings (P/E) multiple of 19.27 and a trailing 12-month price-earnings (P/E) multiple of 31.48. Cortina Asset Management Llc decreased Graphic Packaging Holding Co ( GPK ) stake by 35.97% reported in 2017Q3 SEC filing.

Brokers Opinions on: Caesars Entertainment Corporation (CZR) Moreover, Quantbot Techs Limited Partnership has 0% invested in Caesars Entertainment Corporation (NASDAQ: CZR ) for 376 shares. Schwab Charles Investment Management Inc. lifted its holdings in Caesars Entertainment by 1.9% during the second quarter.