Economy

Next Weeks Broker Price Targets For Progressive Corporation (The) (NYSE:PGR)

The company operates in the Financial Services sector with a market capitalization of 28.49 Million. Laurion Capital Management LP increased its position in shares of Progressive Corporation (The) by 3.2% during the second quarter. (PGR) stake by 0.93% reported in 2017Q2 SEC filing. Voya Investment Management LLC now owns 2,665,312 shares of the insurance provider's stock worth $117,514,000 after acquiring an additional 2,231,956 shares during the period. They now have a Dollars 52 price target on the stock. The Cibc World Markets Inc holds 455,216 shares with $20.07M value, down from 501,649 last quarter. Progressive Corp Ohio now has $28.58B valuation.

Shares of Progressive Corporation (PGR) traded up 0.62% on Monday, hitting $48.72. When trading is lighter than usual, it is said to be "thin". The New York-based Metropolitan Life Insurance Ny has invested 0.09% in Progressive Corp (NYSE:PGR). It has outperformed by 9.53% the S&P500. MKM Partners restated a buy recommendation and gave a $50.00 target price (up from $45.00) on stocks of Progressive Corporation (The) in a study note published on Fri, Jun 9th. Therefore 17% are positive. According to these analysts, the Low Revenue Estimate for Progressive Corp.is 6.75 Billion and the High Revenue Estimate is 7.08 Billion. The firm has "Underperform" rating given on Monday, September 18 by Credit Suisse. The rating was upgraded by Raymond James to "Strong Buy" on Thursday, July 13. With that said, researchers took a deep dive into the hotly debated question: is it too late to buy The Progressive Corporation (NYSE:PGR). Goldman Sachs upgraded the stock to "Neutral" rating in Tuesday, January 10 report. The company was maintained on Tuesday, December 20 by Scotia Capital. Two Sigma Llc reported 0.11% in Progressive Corp (NYSE:PGR).

The company's consensus rating on Reuter's scale remained unchanged from 1.71 to 1.71 during a month. On Wednesday, August 16 the stock rating was maintained by Keefe Bruyette & Woods with "Buy".

A number of analysts have commented on PGR shares. The company was maintained on Monday, April 3 by FBR Capital.

Since May 22, 2017, it had 0 insider buys, and 3 selling transactions for $2.50 million activity. Citigroup downgraded Progressive Corp (NYSE:PGR) rating on Thursday, June 2. On Friday, June 16 the insider CODY WILLIAM M sold $2.23 million.

Over the past year, the price of The Progressive Corporation (PGR) has increased 59.23% while the S&P 500 has increased 17.92%. Its the same as in 2017Q1. It is the same, as 32 investors sold PGR shares while 188 reduced holdings. only 76 funds opened positions while 185 raised stakes.

The counter witnessed a trading volume of 0.78 million shares versus an average volume of 1.23 million shares during last trading session. Buckingham Asset Mngmt Limited Liability Corp holds 9,337 shares or 0.1% of its portfolio. Janus Henderson Group PLC increased its stake in Progressive Corporation (The) by 8,999.0% during the 2nd quarter.

The Progressive Corporation (NYSE:PGR) is anticipated to report earnings of 19.50% per share for next year, according to analysts. First Dallas Inc invested 0.45% in Ameren Corp (NYSE:AEE). Point72 Asia (Hong Kong) has invested 0.02% of its portfolio in Progressive Corp (NYSE:PGR).

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. One Trading Ltd Partnership reported 962 shares. Winslow Evans And Crocker has invested 0% in Ameren Corp (NYSE:AEE). Ancora Limited Liability Corporation, Us-based fund reported 5,561 shares. The Massachusetts-based Zevin Asset Mgmt Ltd Liability Corp has invested 0.11% in Progressive Corp (NYSE:PGR). Gotham Asset Mgmt Ltd Liability Co has 0.03% invested in Progressive Corp (NYSE:PGR) for 48,211 shares. Over the past twelve months, The Progressive Corporation (NYSE:PGR)'s stock was 38.17%. Thrivent Financial For Lutherans grew its holdings in shares of Progressive Corporation (The) by 544.0% during the 2nd quarter.

Confluence Investment Management Llc decreased Mastercard Inc. It also reduced Gladstone Investment Corp. The original version of this news story can be read at https://www.truebluetribune.com/2017/10/02/capital-research-global-investors-has-1-01-billion-holdings-in-progressive-corporation-the-pgr.html. Cibc World Markets Inc sold 46,433 shares as Progressive Corp Ohio (PGR)'s stock rose 6.56%. PGR's profit will be $366.06 million for 19.46 P/E if the $0.63 EPS becomes a reality. In the last earnings report the EPS was $2.35 and is estimated to be $2.30 for the current year with 581,048,000 shares outstanding.

About 1,439 shares traded. StarTek, Inc. (NYSE:SRT) has risen 150.65% since October 5, 2016 and is uptrending. It has underperformed by 60.70% the S&P500.

Teton Advisors Inc. holds 0.43% of its portfolio in Salem Media Group Inc for 620,008 shares. The Woodley Farra Manion Portfolio Management Inc holds 288,672 shares with $24.36M value, up from 279,091 last quarter. Hedge funds and other institutional investors own 79.41% of the company's stock. Its down 0.03, from 1.15 in 2017Q1.

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