The Progressive Co. (NYSE:PGR – Get Rating) insider Patrick Ok. Callahan bought 3,644 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, January 4th. The inventory was bought at a mean value of $130.36, for a complete worth of $475,031.84. Following the sale, the insider now owns 15,186 shares of the corporate’s inventory, valued at roughly $1,979,646.96. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which could be accessed via this hyperlink.
Progressive Buying and selling Up 0.3 %
Shares of PGR stock opened at $131.53 on Friday. The enterprise’s fifty day shifting common value is $129.07 and its 200 day shifting common value is $123.16. The Progressive Co. has a 1-year low of $100.81 and a 1-year excessive of $134.50. The agency has a market capitalization of $76.95 billion, a PE ratio of 93.28, a P/E/G ratio of 0.99 and a beta of 0.46. The corporate has a debt-to-equity ratio of 0.45, a present ratio of 0.40 and a fast ratio of 0.40.
Progressive (NYSE:PGR – Get Rating) final introduced its quarterly earnings information on Thursday, October thirteenth. The insurance coverage supplier reported $0.49 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.24 by ($0.75). Progressive had a return on fairness of 13.51% and a web margin of 1.76%. The enterprise had income of $13 billion for the quarter, in comparison with analyst estimates of $13.16 billion. As a gaggle, sell-side analysts forecast that The Progressive Co. will put up 4.08 EPS for the present fiscal 12 months.
Progressive Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which will likely be paid on Friday, January thirteenth. Shareholders of document on Friday, January sixth will likely be given a dividend of $0.10 per share. The ex-dividend date is Thursday, January fifth. This represents a $0.40 dividend on an annualized foundation and a yield of 0.30%. Progressive’s payout ratio is 28.37%.
Institutional Buying and selling of Progressive
Institutional buyers have not too long ago purchased and bought shares of the corporate. NorthRock Companions LLC bought a brand new stake in Progressive through the second quarter price $232,000. First Republic Funding Administration Inc. lifted its place in shares of Progressive by 9.6% within the first quarter. First Republic Funding Administration Inc. now owns 630,991 shares of the insurance coverage supplier’s inventory valued at $71,927,000 after buying a further 55,106 shares within the final quarter. Offit Capital Advisors LLC bought a brand new stake in shares of Progressive within the first quarter valued at $418,000. Ellevest Inc. lifted its place in shares of Progressive by 244.0% within the second quarter. Ellevest Inc. now owns 891 shares of the insurance coverage supplier’s inventory valued at $104,000 after buying a further 632 shares within the final quarter. Lastly, Ascent Group LLC lifted its place in shares of Progressive by 80.8% within the second quarter. Ascent Group LLC now owns 4,070 shares of the insurance coverage supplier’s inventory valued at $468,000 after buying a further 1,819 shares within the final quarter. 83.19% of the inventory is at the moment owned by hedge funds and different institutional buyers.
Wall Avenue Analysts Forecast Progress
PGR has been the topic of a number of current analyst experiences. TheStreet upgraded Progressive from a “c+” ranking to a “b-” ranking in a analysis observe on Friday, November 4th. Jefferies Monetary Group upgraded Progressive from a “maintain” ranking to a “purchase” ranking and boosted their goal value for the inventory from $123.00 to $142.00 in a analysis observe on Friday, October seventh. Barclays boosted their value goal on Progressive from $104.00 to $109.00 and gave the corporate an “underweight” ranking in a analysis observe on Thursday, December fifteenth. Citigroup decreased their value goal on Progressive from $106.00 to $104.00 and set a “promote” ranking for the corporate in a analysis observe on Tuesday, November twenty second. Lastly, StockNews.com lower Progressive from a “purchase” ranking to a “maintain” ranking in a analysis observe on Friday, October 14th. 4 funding analysts have rated the inventory with a promote ranking, seven have issued a maintain ranking and 4 have issued a purchase ranking to the corporate’s inventory. In response to MarketBeat, Progressive presently has a mean ranking of “Maintain” and a mean goal value of $120.77.
Progressive Firm Profile
The Progressive Company, an insurance coverage holding firm, offers private and industrial auto, private residential and industrial property, common legal responsibility, and different specialty property-casualty insurance coverage merchandise and associated providers in the USA. It operates in three segments: Private Strains, Business Strains, and Property.
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