Assetmark Inc. Has $13876000 Stake in Progressive Corporation (The) (PGR)

Lloyd Doyle
January 13, 2018

Analyzing the last five market sessions, the stock was able to report 0.63% gains, thus going up by 19.06%, compared with its 200-day moving average of $49.35. The total number of shares traded in the last 12 months is 2.1 million. It has outperformed by 9.53% the S&P500. The firm earned "Buy" rating on Friday, August 12 by Goldman Sachs. (HAS) by 20.05% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 6.11M shares of the property-casualty insurers company at the end of 2017Q3, valued at $295.69 million, down from 19.55 million at the end of the previous reported quarter. The company has market cap of $1.25 billion. The stock increased 0.50% or $0.28 during the last trading session, reaching $55.94. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.59% with $578.45 Million sitting short, betting on future declines. It has outperformed by 10.72% the S&P500. Analyzing JUNO this week, analysts seem to be content with keeping to their neutral forecast call at 2.1. Therefore 62% are positive. INC Research Holdings had 36 analyst reports since August 14, 2015 according to SRatingsIntel.

The average Wall Street analyst rating for The Progressive Corporation is Hold, according to the average of 16 analyst scores. BMO Capital Markets maintained the shares of HAS in report on Tuesday, October 24 with "Market Perform" rating. The company was maintained on Wednesday, May 10 by FBR Capital. The company was initiated on Friday, December 4 by Jefferies. The stock of Hasbro, Inc. Deutsche Bank has "Sell" rating and $28 target. The stock has "Underperform" rating by Credit Suisse on Monday, September 18. The firm earned "Equal-Weight" rating on Tuesday, May 23 by Barclays Capital.

Since August 17, 2017, it had 0 insider buys, and 5 sales for $4.92 million activity. $2.43M worth of The Progressive Corporation (NYSE:PGR) shares were sold by Sauerland John P. The insider Broz Steven sold 1,250 shares worth $60,913. The shares of the corporation went up by 1.25% during the previous month.

As the P/E goes up, it shows that current investor sentiment is that the company is worth more. The average daily volatility for the week was at 1.26%, which was -0.05 lower than that in the past month. Looking at the other side of the coin, PGR traded as low as $35.81 in the past 52 weeks, and since then the shares have risen 55.49% or $19.87. 65 funds opened positions while 178 raised stakes. Cipher Lp holds 0.38% or 105,189 shares. Carroll Financial Associate Inc invested in 0.02% or 10,429 shares. (NASDAQ:HAS) or 212,823 shares. (NYSE:KMI). Cambridge Investment Advisors Inc invested 0.05% in Kinder Morgan, Inc. (NASDAQ:HAS) for 5,008 shares. Mcf Advsrs Lc accumulated 500 shares. Orrstown Financial Svcs holds 0% or 38 shares. Sterling Management Ltd Limited Liability Company accumulated 0.06% or 121,220 shares. Amer Beacon Advsrs Incorporated has 1,066 shares.

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. Its down 8.41% from 173,500 shares previously. Ancora Limited Liability Company reported 18,381 shares.

Among 40 analysts covering Visa Inc. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Therefore 43% are positive. MKM Partners reissued a "buy" rating on shares of Progressive in a research report on Monday, September 25th. The stock of Visa Inc. (NYSE:V) earned "Buy" rating by RBC Capital Markets on Thursday, January 4.

Crow Point Partners Llc holds 5.68% of its portfolio in Shenandoah Telecommunications Company for 940,000 shares. Stifel Nicolaus upgraded it to "Buy" rating and $17 target in Thursday, January 28 report. The rating was maintained by Citigroup with "Neutral" on Wednesday, October 18. The rating was maintained by Wells Fargo with "Hold" on Wednesday, August 16. On Friday, August 11 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". The firm has "Buy" rating by UBS given on Tuesday, October 25. It also reduced its holding in Ultrapar Participacoes S A (NYSE:UGP) by 27,503 shares in the quarter, leaving it with 1.56M shares, and cut its stake in Newmont Mining Corp (NYSE:NEM).

Analysts await Airgain, Inc. They expect $0.97 earnings per share, up 12.79% or $0.11 from last year's $0.86 per share. PGR's profit will be $430.39 million for 18.90 P/E if the $0.74 EPS becomes a reality. The insurance provider reported $0.41 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.34 by $0.07.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. 142 funds opened positions while 524 raised stakes. (NYSE:KMI). Sumitomo Mitsui Asset Mngmt Communications Limited stated it has 153,118 shares. Fdx Advsr owns 50,123 shares for 0.07% of their portfolio. Invest Centers Of America Inc invested in 0.17% or 22,061 shares. Texan Mgmt accumulated 29,512 shares. Moreover, Arrow Fincl Corp has 0.93% invested in U.S. Bancorp (NYSE:USB). Nordea Inv Mngmt holds 387,354 shares or 0.05% of its portfolio. Bbva Compass Bancshares holds 1.1% of its portfolio in Visa Inc. (NYSE:V) for 160,550 shares. Beaumont Prtnrs, a Massachusetts-based fund reported 142,433 shares. Strs Ohio holds 0.01% in Syneos Health, Inc. (NYSE:V) for 2,756 shares. The Progressive Corporation (NYSE:PGR) has risen 26.23% since January 11, 2017 and is uptrending.

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