2 weeks Ago By ABMN Staff
Parallel Advisors LLC lifted its holdings in The Progressive Co. ( NYSE:PGR – Free Report ) by 8.3% in the second quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 8,852 shares of the insurance provider’s stock after purchasing an additional 679 shares during the quarter. Parallel Advisors LLC’s holdings in Progressive were worth $1,839,000 at the end of the most recent quarter. A number of other institutional investors also recently bought and sold shares of PGR.
Dai ichi Life Insurance Company Ltd boosted its stake in shares of Progressive by 46.2% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 118,599 shares of the insurance provider’s stock valued at $24,634,000 after purchasing an additional 37,498 shares during the period.
LWM Advisory Services LLC lifted its stake in Progressive by 20.2% in the second quarter. LWM Advisory Services LLC now owns 2,150 shares of the insurance provider’s stock worth $447,000 after acquiring an additional 362 shares during the period.
SYM FINANCIAL Corp bought a new position in Progressive in the second quarter worth about $237,000. HBK Sorce Advisory LLC raised its holdings in Progressive by 2.5% in the second quarter.
HBK Sorce Advisory LLC now owns 4,300 shares of the insurance provider’s stock worth $893,000 after purchasing an additional 105 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Progressive by 64.
8% in the second quarter. Federated Hermes Inc. now owns 201,754 shares of the insurance provider’s stock worth $41,906,000 after purchasing an additional 79,303 shares in the last quarter.
85.34% of the stock is currently owned by institutional investors. Progressive Stock Performance Shares of PGR opened at $255.
46 on Monday. The stock has a 50-day simple moving average of $229.54 and a 200-day simple moving average of $215.
06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.
31 and a current ratio of 0.31. The stock has a market capitalization of $149.
62 billion, a PE ratio of 26.15, a PEG ratio of 0.82 and a beta of 0.
35. The Progressive Co. has a 1 year low of $134.
34 and a 1 year high of $256.74. Progressive Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th.
Investors of record on Thursday, October 3rd will be paid a dividend of $0.10 per share. This represents a $0.
40 annualized dividend and a yield of 0.16%. The ex-dividend date is Thursday, October 3rd.
Progressive’s payout ratio is 4.09%. Wall Street Analyst Weigh In PGR has been the topic of several recent analyst reports.
Hsbc Global Res upgraded shares of Progressive from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. BMO Capital Markets decreased their target price on Progressive from $239.00 to $237.
00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Barclays started coverage on Progressive in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $367.
00 price objective on the stock. Piper Sandler raised their price objective on Progressive from $250.00 to $252.
00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, HSBC raised Progressive from a “hold” rating to a “buy” rating and set a $253.00 target price for the company in a research note on Monday, August 12th.
Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Progressive has an average rating of “Moderate Buy” and a consensus price target of $252.29.
Check Out Our Latest Research Report on PGR Insiders Place Their Bets In other Progressive news, CEO Susan Patricia Griffith sold 43,370 shares of Progressive stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $252.20, for a total transaction of $10,937,914.
00. Following the transaction, the chief executive officer now owns 473,735 shares of the company’s stock, valued at $119,475,967. The transaction was disclosed in a filing with the SEC, which is available at this link .
In other news, insider Steven Broz sold 3,050 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $209.81, for a total transaction of $639,920.
50. Following the completion of the transaction, the insider now directly owns 32,453 shares of the company’s stock, valued at approximately $6,808,963.93.
The sale was disclosed in a document filed with the SEC, which is accessible through this link . Also, CEO Susan Patricia Griffith sold 43,370 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $252.
20, for a total value of $10,937,914.00. Following the completion of the sale, the chief executive officer now owns 473,735 shares in the company, valued at approximately $119,475,967.
The disclosure for this sale can be found here . Insiders have sold a total of 146,704 shares of company stock valued at $33,367,408 over the last quarter. Company insiders own 0.
34% of the company’s stock. About Progressive ( Free Report ) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.
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