As Progressive Corp Ohio (PGR) Stock Rose, Mcdonald Capital Investors INC Lowered Its Stake by $7.37 Million

May 23, 2018 - By Ellis Scott

The Progressive Corporation (NYSE:PGR) LogoInvestors sentiment increased to 1.17 in Q4 2017. Its up 0.10, from 1.07 in 2017Q3. It increased, as 32 investors sold PGR shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. 663,186 were accumulated by Manufacturers Life Insur The. Wealthtrust Fairport Limited Liability Company reported 23,163 shares. B And T Dba Alpha reported 23,319 shares or 0.62% of all its holdings. Speece Thorson Cap Group Inc accumulated 159,469 shares. Dimensional Fund Limited Partnership has invested 0.05% in The Progressive Corporation (NYSE:PGR). 181,854 are held by Gulf National Bank & Trust (Uk) Ltd. 6,132 are owned by Foster Dykema Cabot & Inc Ma. Scout Invs holds 0.4% or 285,639 shares. Cadence Management has invested 0.09% in The Progressive Corporation (NYSE:PGR). Marietta Inv Prns Limited Liability accumulated 18,199 shares. Boston Private Wealth Limited Liability Corp reported 45,372 shares. Hl Fincl Service Lc reported 1.97M shares stake. The Japan-based Fukoku Mutual Life has invested 0.05% in The Progressive Corporation (NYSE:PGR). Ahl Partners Limited Liability Partnership invested 0.04% in The Progressive Corporation (NYSE:PGR). Prudential Financial Inc has 979,723 shares.

Since April 25, 2018, it had 0 buys, and 4 insider sales for $2.28 million activity. On Wednesday, April 25 Broz Steven sold $121,236 worth of The Progressive Corporation (NYSE:PGR) or 2,000 shares. Another trade for 11,000 shares valued at $665,940 was made by BASCH JEFFREY W on Thursday, May 17. Griffith Susan Patricia had sold 12,600 shares worth $762,804 on Friday, May 18.

Mcdonald Capital Investors Inc decreased its stake in Progressive Corp Ohio (PGR) by 3.65% based on its latest 2017Q4 regulatory filing with the SEC. Mcdonald Capital Investors Inc sold 131,643 shares as the company’s stock rose 7.49% while stock markets declined. The hedge fund held 3.47 million shares of the property-casualty insurers company at the end of 2017Q4, valued at $195.50M, down from 3.60M at the end of the previous reported quarter. Mcdonald Capital Investors Inc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $36.10 billion market cap company. The stock decreased 0.01% or $0.01 during the last trading session, reaching $61.99. About 503,043 shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 23, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on July, 17. They expect $0.84 earnings per share, up 42.37 % or $0.25 from last year’s $0.59 per share. PGR’s profit will be $489.16 million for 18.45 P/E if the $0.84 EPS becomes a reality. After $1.22 actual earnings per share reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -31.15 % negative EPS growth.

Another recent and important The Progressive Corporation (NYSE:PGR) news was published by Seekingalpha.com which published an article titled: “Progressive’s Dashboard Report – April 2018 Update” on May 17, 2018.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 13 analysts covering Progressive (NYSE:PGR), 5 have Buy rating, 1 Sell and 7 Hold. Therefore 38% are positive. Progressive had 20 analyst reports since December 4, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Buy” rating and $60.0 target in Monday, December 4 report. The firm has “Buy” rating given on Wednesday, March 14 by Sandler O’Neill. The rating was maintained by Deutsche Bank on Monday, May 21 with “Hold”. On Tuesday, April 17 the stock rating was maintained by Sandler O’Neill with “Buy”. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Tuesday, April 17 by Keefe Bruyette & Woods. The firm has “Market Perform” rating by Wood given on Thursday, May 17. The stock of The Progressive Corporation (NYSE:PGR) earned “Hold” rating by FBR Capital on Monday, April 16. The stock of The Progressive Corporation (NYSE:PGR) earned “Underperform” rating by Buckingham Research on Thursday, May 17. As per Thursday, January 25, the company rating was maintained by M Partners.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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