Progressive Corporation (The) (NYSE:PGR) CMO M Jeffrey Charney sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $49.50, for a total value of $297,000.00. Following the completion of the sale, the chief marketing officer now owns 102,038 shares of the company’s stock, valued at approximately $5,050,881. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

M Jeffrey Charney also recently made the following trade(s):

  • On Friday, October 20th, M Jeffrey Charney sold 6,000 shares of Progressive Corporation (The) stock. The stock was sold at an average price of $48.90, for a total value of $293,400.00.

Progressive Corporation (NYSE:PGR) traded up $1.35 during trading hours on Friday, reaching $50.15. The company had a trading volume of 3,419,515 shares, compared to its average volume of 2,919,311. The firm has a market capitalization of $28,680.37, a price-to-earnings ratio of 21.53 and a beta of 0.92.

Progressive Corporation (The) (NYSE:PGR) last released its quarterly earnings results on Tuesday, October 17th. The insurance provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.07. The business had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.04 billion. Progressive Corporation (The) had a return on equity of 15.40% and a net margin of 5.41%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. research analysts forecast that Progressive Corporation will post 2.37 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in PGR. Mckinley Capital Management LLC Delaware bought a new position in Progressive Corporation (The) during the 2nd quarter worth $101,000. Cypress Capital Management LLC WY bought a new position in Progressive Corporation (The) during the 2nd quarter worth $106,000. IFP Advisors Inc increased its stake in Progressive Corporation (The) by 12.9% during the 2nd quarter. IFP Advisors Inc now owns 2,984 shares of the insurance provider’s stock worth $132,000 after acquiring an additional 341 shares during the period. Fiduciary Trust Co. bought a new position in Progressive Corporation (The) during the 2nd quarter worth $143,000. Finally, Cornerstone Advisors Inc. increased its stake in Progressive Corporation (The) by 4.1% during the 2nd quarter. Cornerstone Advisors Inc. now owns 3,404 shares of the insurance provider’s stock worth $150,000 after acquiring an additional 133 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on PGR. Barclays PLC increased their price target on Progressive Corporation (The) from $39.00 to $41.00 and gave the stock an “underweight” rating in a report on Friday, August 11th. Wells Fargo & Company restated a “hold” rating on shares of Progressive Corporation (The) in a report on Thursday, August 3rd. UBS AG upgraded Progressive Corporation (The) from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 13th. FBR & Co increased their price target on Progressive Corporation (The) from $36.00 to $40.00 and gave the stock a “mkt perform” rating in a report on Tuesday, July 11th. Finally, BidaskClub upgraded Progressive Corporation (The) from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.44.

Progressive Corporation (The) Company Profile

The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments.

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

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