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HomeMarketResultsPatrick K. Callahan Sells 3,644 Shares of The Progressive Co. (NYSE:PGR) Stock

Patrick K. Callahan Sells 3,644 Shares of The Progressive Co. (NYSE:PGR) Stock


The Progressive Co. (NYSE:PGRGet 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:PGRGet 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

(Get Rating)

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.

See Additionally

Insider Buying and Selling by Quarter for Progressive (NYSE:PGR)

This instantaneous information alert was generated by narrative science know-how and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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