What Are Analysts Report About Progressive Corp. (PGR)

Lloyd Doyle
March 9, 2018

Bristol John W & Company Inc sold 38,378 shares as the company's stock rose 6.56% with the market. The hedge fund run by Gregg J. Powers held 17,325 shares of the property-casualty insurers company at the end of 2017Q3, valued at $839,000, down from 33,467 at the end of the previous reported quarter. Longview Partners Guernsey Ltd who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $34.37B market cap company. The stock decreased 0.34% or $0.2 during the last trading session, reaching $58.42. About 607,555 shares traded. Principal Financial Gp holds 0.24% of its portfolio in The Progressive Corporation (NYSE:PGR) for 5.04 million shares. It has outperformed by 9.53% the S&P500. (PGR) stake by 11.57% reported in 2017Q3 SEC filing. Diam Company Ltd bought 31,818 shares as the company's stock rose 0.30% with the market. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported. Proxima Capital Management Llc who had been investing in Parsley Energy Inc for a number of months, seems to be bullish on the $8.40 billion market cap company. The stock decreased 1.83% or $1.21 during the last trading session, reaching $65.04. Its up 24.19% from 6,200 shares previously. CIT Group Inc. (NYSE:CIT) has risen 46.21% since March 7, 2017 and is uptrending.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 67% are positive. The rating was maintained by Keefe Bruyette & Woods on Wednesday, November 15 with "Buy". The firm has "Sell" rating given on Thursday, October 1 by UBS. As per Monday, June 19, the company rating was maintained by Bank of America. The stock has "Neutral" rating by Mizuho on Thursday, August 11.

The Progressive Corporation (NYSE:PGR) presently has a current ratio of 1.09. Timessquare Capital Management Llc acquired 443,100 shares as Progressive Corp. The rating was upgraded by Goldman Sachs to "Neutral" on Tuesday, January 10. The company was maintained on Friday, September 15 by Keefe Bruyette & Woods.

Since October 18, 2017, it had 0 insider purchases, and 2 selling transactions for $727,470 activity.

If the ratio is less than 1, then we can determine that there has been a decrease in price. Progressive paid out only $0.907 for every $1.00 written in premiums, versus $0.939 cents during the same period past year. 63 funds opened positions while 185 raised stakes. Robeco Institutional Asset Management B.V. grew its stake in shares of Progressive by 0.4% in the third quarter. Corporate insiders own 0.56% of the company's stock. State Board Of Administration Of Florida Retirement Sys invested 0.11% of its portfolio in The Progressive Corporation (NYSE:PGR). It also upped Aetna (NYSE:AET) stake by 2,382 shares and now owns 17,327 shares. Insiders own 0.56% of the company's stock. Advisor Ptnrs Limited Liability Co has 0.11% invested in The Progressive Corporation (NYSE:PGR). Brown Advisory Inc. boosted its holdings in Progressive by 8.3% in the third quarter. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Wells Fargo maintained the shares of PGR in report on Thursday, August 3 with "Hold" rating.

After a recent scan, we can see that The Progressive Corporation (NYSE:PGR) has a Shareholder Yield of 0.019488 and a Shareholder Yield (Mebane Faber) of 0.01259. First Pacific Limited Com holds 0.13% of its portfolio in AGCO Corporation (NYSE:AGCO) for 230,300 shares. The SMA 50/200 for The Progressive Corporation (NYSE:PGR) is now 1.11523.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on April, 17. They expect $-0.21 earnings per share, up 34.38% or $0.11 from last year's $-0.32 per share. PGR's profit will be $599.75M for 14.33 P/E if the $1.03 EPS becomes a reality. During the same period in the previous year, the firm earned $0.66 EPS. sell-side analysts predict that Progressive will post 3.52 earnings per share for the current fiscal year. Therefore 42% are positive. RBC Capital Markets maintained Parsley Energy, Inc. The company maintains price to book ratio of 3.67 vs.an industry average at 1.21. As per Wednesday, September 16, the company rating was downgraded by Piper Jaffray.

Looking at the Analyst Recommendations of the stock, 6 Analysts issued a Buy for MoSys, 4 gave Outperform, 7 analysts gave Hold Rating, 1 issued Underperform and 1 marked the stock as Sell. The SI to OVERSTOCK COM INC DEL PFD VTG SER B's float is 0.05%. It also increased its holding in Amdocs Ltd (NASDAQ:DOX) by 8,678 shares in the quarter, for a total of 45,579 shares, and has risen its stake in Transcanada Corp (NYSE:TRP). Lockheed Martin Inv invested in 18,000 shares. Another trade for 189,500 shares valued at $4.99M was made by Sheffield Bryan on Monday, February 26.

Investors sentiment increased to 1.01 in Q3 2017. Its down 0.04, from 0.85 in 2017Q2. 43 funds opened positions while 72 raised stakes. Dekabank Deutsche Girozentrale reported 1.23 million shares. 4,277 were accumulated by Riverpark Ltd Liability Co. Paradigm Asset Mngmt Lc invested in 2,650 shares. First Foundation Advsrs has invested 0.04% in Carter's, Inc. (NYSE:PE). Metropolitan Life Insur New York holds 0% or 27,680 shares. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.36. Texan Capital stated it has 0.65% of its portfolio in Parsley Energy, Inc. Picton Mahoney Asset Mngmt accumulated 0.98% or 268,400 shares. (NYSE:BLK) for 1,361 shares. Arizona State Retirement Systems has 0.04% invested in CIT Group Inc. Moore Cap Management LP stated it has 500,000 shares or 0.47% of all its holdings.

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