2 weeks Ago By ABMN Staff
Keefe, Bruyette & Woods reissued their market perform rating on shares of Progressive ( NYSE:PGR – Free Report ) in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has a $288.00 price objective on the insurance provider’s stock.
PGR has been the subject of several other reports. Barclays boosted their target price on Progressive from $285.00 to $297.
00 and gave the company an “equal weight” rating in a report on Friday, April 11th. StockNews.com lowered shares of Progressive from a “buy” rating to a “hold” rating in a research report on Friday, April 4th.
Wells Fargo & Company increased their price target on shares of Progressive from $317.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, April 10th.
Jefferies Financial Group reduced their target price on shares of Progressive from $327.00 to $319.00 and set a “buy” rating for the company in a report on Friday, April 11th.
Finally, Bank of America raised their price target on Progressive from $289.00 to $297.00 and gave the stock a “neutral” rating in a report on Thursday.
Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Progressive currently has a consensus rating of “Moderate Buy” and an average target price of $285.76.
Get Our Latest Analysis on Progressive Progressive Stock Performance Progressive ( NYSE:PGR – Get Free Report ) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $4.65 EPS for the quarter, beating analysts’ consensus estimates of $4.
28 by $0.37. Progressive had a net margin of 11.
25% and a return on equity of 33.79%. The firm had revenue of $22.
21 billion for the quarter, compared to the consensus estimate of $21.87 billion. Research analysts predict that Progressive will post 14.
68 EPS for the current fiscal year. Progressive Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were issued a $0.
10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.
15%. The ex-dividend date of this dividend was Thursday, April 3rd. Progressive’s dividend payout ratio (DPR) is currently 2.
70%. Insider Transactions at Progressive In other news, CEO Susan Patricia Griffith sold 11,021 shares of Progressive stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $243.
29, for a total transaction of $2,681,299.09. Following the completion of the sale, the chief executive officer now directly owns 473,736 shares in the company, valued at approximately $115,255,231.
44. This trade represents a 2.27 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CFO John P. Sauerland sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th.
The stock was sold at an average price of $275.94, for a total value of $2,759,400.00.
Following the completion of the sale, the chief financial officer now owns 258,024 shares in the company, valued at approximately $71,199,142.56. This represents a 3.
73 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 56,317 shares of company stock valued at $14,844,282 in the last ninety days.
0.34% of the stock is currently owned by company insiders. Institutional Trading of Progressive Institutional investors have recently bought and sold shares of the company.
Highline Wealth Partners LLC increased its position in shares of Progressive by 114.0% in the first quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter.
Webster Bank N. A. purchased a new position in Progressive during the 4th quarter valued at about $26,000.
Hager Investment Management Services LLC acquired a new position in Progressive during the fourth quarter worth about $28,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Progressive in the fourth quarter valued at about $28,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Progressive by 54.
7% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 41 shares in the last quarter. 85.
34% of the stock is currently owned by hedge funds and other institutional investors. About Progressive ( Get Free Report ) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.
See Also Receive News & Ratings for Progressive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Progressive and related companies with MarketBeat.com's FREE daily email newsletter ..
