1 day Ago By ABMN Staff
Progressive ( NYSE:PGR – Get Free Report ) had its price target boosted by stock analysts at Roth Mkm from $270.00 to $290.00 in a research note issued to investors on Monday, Benzinga reports.
The firm presently has a “buy” rating on the insurance provider’s stock. Roth Mkm’s target price would suggest a potential upside of 12.88% from the company’s current price.
Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their price objective on Progressive from $210.
00 to $239.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. The Goldman Sachs Group upgraded Progressive from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $230.
00 to $262.00 in a research report on Thursday, August 15th. Hsbc Global Res upgraded Progressive from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th.
Keefe, Bruyette & Woods boosted their price objective on Progressive from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, September 3rd.
Finally, Citigroup lowered their price objective on Progressive from $232.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 17th.
Six 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.
12. Check Out Our Latest Report on Progressive Progressive Price Performance Progressive ( NYSE:PGR – Get Free Report ) last posted its quarterly earnings data on Tuesday, July 16th. The insurance provider reported $2.
65 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.61.
Progressive had a return on equity of 33.01% and a net margin of 10.17%.
The business had revenue of $17.90 billion during the quarter, compared to analysts’ expectations of $17.54 billion.
During the same quarter in the previous year, the firm earned $0.57 EPS. The firm’s revenue was up 21.
6% compared to the same quarter last year. Research analysts anticipate that Progressive will post 12.29 EPS for the current year.
Insider Activity In other news, insider Steven Broz sold 3,050 shares of the company’s stock in a transaction 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 transaction, the insider now owns 32,453 shares of the company’s stock, valued at $6,808,963.93.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In related news, insider Andrew J. Quigg sold 3,975 shares of the company’s stock in a transaction dated Monday, July 22nd.
The stock was sold at an average price of $214.01, for a total value of $850,689.75.
Following the completion of the sale, the insider now owns 32,780 shares in the company, valued at $7,015,247.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, insider Steven Broz sold 3,050 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $209.81, for a total value of $639,920.
50. Following the completion of the sale, the insider now owns 32,453 shares of the company’s stock, valued at $6,808,963.93.
The disclosure for this sale can be found here . Insiders have sold 146,704 shares of company stock valued at $33,367,408 over the last 90 days. 0.
34% of the stock is owned by company insiders. Institutional Inflows and Outflows Hedge funds have recently modified their holdings of the company. WR Wealth Planners LLC grew its holdings in shares of Progressive by 119.
6% during the second quarter. WR Wealth Planners LLC now owns 123 shares of the insurance provider’s stock worth $26,000 after buying an additional 67 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new position in Progressive during the first quarter valued at approximately $32,000.
Sachetta LLC acquired a new position in Progressive during the fourth quarter valued at approximately $25,000. Northwest Bank & Trust Co acquired a new position in Progressive during the fourth quarter valued at approximately $25,000. Finally, Hilltop National Bank boosted its position in Progressive by 126.
0% during the second quarter. Hilltop National Bank now owns 165 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 92 shares during the last quarter. 85.
34% of the stock is currently owned by institutional investors. Progressive Company Profile ( Get 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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