FY2018 EPS Estimates for Progressive Corp (NYSE:PGR) Raised by Analyst

Sunday, 11 Feb, 2018

Progressive Corp Ohio now has $30.38B valuation. The stock increased 2.25% or $1.15 during the last trading session, reaching $52.22. Almost 9.93 million shares were traded by the close, higher than its average daily volume of 6.66 million shares. The Progressive Corporation (NYSE:PGR) has risen 26.23% since February 10, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Van Cleef Asset Managementinc decreased its stake in Progressive Corp Ohio (PGR) by 1.38% based on its latest 2017Q3 regulatory filing with the SEC. Shares for $1.62 million were sold by Corson Bradley W. The institutional investor held 929,292 shares of the property-casualty insurers company at the end of 2017Q3, valued at $45.00M, down from 942,257 at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in American Woodmark Corporation for a number of months, seems to be less bullish one the $2.25B market cap company. Janus Henderson Group PLC now owns 9,061,299 shares of the insurance provider's stock valued at $438,742,000 after purchasing an additional 2,588,522 shares in the last quarter. About 2.94M shares traded or 195.78% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 11, 2017 and is downtrending. It has outperformed by 30.98% the S&P500. Wells Fargo & Company MN boosted its stake in shares of Progressive by 49.2% during the 3rd quarter. Therefore 50% are positive. MEDNAX had 43 analyst reports since July 31, 2015 according to SRatingsIntel. The brokerage now has a "buy" rating on the insurance provider's stock. DA Davidson maintained it with "Buy" rating and $30 target in Wednesday, September 28 report. The rating was upgraded by Sandler O'Neill to "Hold" on Thursday, December 17. The stock has "Neutral" rating by Sterne Agee CRT on Monday, September 21. Finally, Wells Fargo & Co set a $50.00 target price on Progressive and gave the company a "hold" rating in a research report on Wednesday, November 15th. HENDRIX DANIEL T had sold 3,000 shares worth $241,896 on Tuesday, August 29. Investors of record on Friday, February 2nd were issued a $1.125 dividend. Its down 0.12, from 1.19 in 2017Q2. 17 funds opened positions while 68 raised stakes. Parsons Capital Management Ri invested in 3.42% or 353,616 shares. Highland Mngmt Lc accumulated 15,445 shares or 0.06% of the stock. Balentine LLC now owns 2,496 shares of the insurance provider's stock worth $121,000 after buying an additional 2,422 shares during the last quarter. Veritable Lp has 13,243 shares. Janney Montgomery Scott Ltd Llc owns 12,318 shares or 0.01% of their United States portfolio. Prospector Prtn Ltd Limited Liability Company invested in 1.07% or 145,800 shares. Advisors Cap Ltd Llc, a New Jersey-based fund reported 73,445 shares. Mitsubishi Ufj & Banking Corp reported 1.26 million shares or 0.11% of all its holdings. Barrett Asset Management Limited Liability holds 0.04% or 10,506 shares in its portfolio. 426,955 were reported by Panagora Asset Mngmt Inc. Caisse De Depot Et Placement Du Quebec holds 0.08% or 694,048 shares in its portfolio. Tiaa Cref Invest Management Ltd Liability Corp reported 5.65 million shares.

SHIMAO PROPERTY HOLD (OTCMKTS:SIOPF) had an increase of 0.39% in short interest.

Investors sentiment decreased to 1.07 in 2017 Q3. Its up 0.18, from 0.92 in 2017Q2. It worsened, as 43 investors sold PGR shares while 189 reduced holdings. Balentine LLC raised its stake in shares of Progressive by 3,273.0% during the 3rd quarter. The insurance provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. Manufacturers Life Insurance The holds 0% or 42,077 shares in its portfolio. BLACKROCK INC. owned 5.63% of Two Harbors Investment Corp. Keybank Natl Association Oh invested 0.03% in The Progressive Corporation (NYSE:PGR). Segall Bryant Hamill Ltd Liability Com has 0.16% invested in The Progressive Corporation (NYSE:PGR) for 138,057 shares. Royal National Bank & Trust Of Canada holds 0.03% or 1.21M shares. Pennsylvania-based Brinker Capital has invested 0.01% in American Woodmark Corporation (NASDAQ:AMWD). (NASDAQ:HDS) by 377,399 shares to 2.26 million shares, valued at $81.63 million in 2017Q3, according to the filing. It also reduced Jazz Investments I Ltd (Prn) stake by 820,000 shares and now owns 5.00M shares. Highstreet Asset Mgmt has invested 0% in The Progressive Corporation (NYSE:PGR). ARTISAN PARTNERS LIMITED PARTNERSHIP also announced increased position in The Progressive Corporation (PGR) during the quarter. Ameritas Investment Ptnrs reported 13,361 shares. Public Employees Retirement System Of Ohio invested 0.23% in The Progressive Corporation (NYSE:PGR). The Minnesota-based Us Bank De has invested 0.01% in The Progressive Corporation (NYSE:PGR).

Since August 17, 2017, it had 0 buys, and 5 insider sales for $4.92 million activity. The insider BASCH JEFFREY W sold 9,000 shares worth $434,070. Sauerland John P sold $2.43 million worth of stock. 1,250 The Progressive Corporation (NYSE:PGR) shares with value of $60,913 were sold by Broz Steven. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Therefore 47% are positive.

Stock analysts at Langen Mcalenn upped their FY2018 earnings estimates for shares of Progressive in a note issued to investors on Wednesday, according to Zacks Investment Research. The stock has "Underperform" rating by Credit Suisse on Friday, November 6. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) rating on Monday, September 18. As per Wednesday, October 18, the company rating was maintained by Citigroup. Mizuho has "Buy" rating and $88 target. As per Thursday, March 17, the company rating was maintained by Goldman Sachs. The rating was maintained by RBC Capital Markets with "Buy" on Wednesday, April 12.