Progressive Co. (NYSE:PGR) insider Steven Broz sold 2,000 shares of Progressive stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $60.62, for a total value of $121,240.00. Following the transaction, the insider now owns 14,073 shares in the company, valued at approximately $853,105.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NYSE PGR opened at $60.98 on Friday. The company has a market capitalization of $35,111.24, a price-to-earnings ratio of 23.19, a PEG ratio of 2.11 and a beta of 0.65. The company has a current ratio of 0.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. Progressive Co. has a 52 week low of $38.75 and a 52 week high of $62.78.

Progressive (NYSE:PGR) last released its earnings results on Tuesday, April 17th. The insurance provider reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.10. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $7.79 billion. Progressive had a return on equity of 18.66% and a net margin of 6.75%. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. equities analysts expect that Progressive Co. will post 3.89 EPS for the current year.

PGR has been the topic of several recent analyst reports. MKM Partners lifted their price objective on Progressive from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, January 25th. UBS lifted their price objective on Progressive from $63.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, January 25th. ValuEngine upgraded Progressive from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded Progressive from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Friday, April 20th. Finally, Morgan Stanley lifted their price objective on Progressive from $59.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, April 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Progressive presently has a consensus rating of “Buy” and an average price target of $53.56.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Exane Derivatives bought a new stake in Progressive in the 4th quarter valued at approximately $104,000. Valeo Financial Advisors LLC lifted its stake in Progressive by 13,675.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 84,029 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 83,419 shares in the last quarter. We Are One Seven LLC bought a new stake in Progressive in the 4th quarter valued at approximately $119,000. First Personal Financial Services lifted its stake in Progressive by 101.8% in the 4th quarter. First Personal Financial Services now owns 2,202 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 1,111 shares in the last quarter. Finally, MUFG Americas Holdings Corp lifted its stake in Progressive by 824.9% in the 4th quarter. MUFG Americas Holdings Corp now owns 3,561 shares of the insurance provider’s stock valued at $201,000 after acquiring an additional 3,176 shares in the last quarter. Hedge funds and other institutional investors own 80.86% of the company’s stock.

Progressive Company Profile

The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles.

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

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