Morgan Stanley Raises Progressive Corporation (The) (PGR) Price Target to $51.00

Goldman Sachs upgraded the shares of PGR in report on Tuesday, January 10 to "Neutral" rating. On Friday, June 16 Sieger Michael D sold $223,695 worth of Progressive Corp (NYSE:PGR) or 5,000 shares.

Usa Financial Portformulas Corp increased its stake in Progressive Corp Ohio (PGR) by 458% based on its latest 2017Q2 regulatory filing with the SEC. Art Advsr Ltd Liability Company has 134,200 shares. The company has also been witnessing improving premiums, over the last few years. With respect to quarterly results, third-quarter 2016 earnings outperformed the Zacks Consensus Estimate. The Lower end of the earnings estimate is $0.6, while the higher end of the earnings estimate is $0.85.

Heading into the stock price potential, Cara Therapeutics, Inc. needs to grow just 100.32% to cross its median price target of $25.

Progressive Corp. was covered by a number of analysts recently, 6 rated the stock as Buy, 8 rated Hold, 1 rated sell and 1 gave an Underperform.

The market experts are predicting a 17.4% rally, based on the high target price ($57) for The Progressive Corporation shares that is likely to be hit in the 52 weeks. Citigroup Inc. raised their price target on Progressive Corporation (The) from $49.00 to $50.00 and gave the company a "neutral" rating in a report on Thursday, August 17th.

07/11/2017 - Progressive Corporation (The) had its "mkt perform" rating reiterated by analysts at FBR Capital Markets.

Analysts have given a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company presently has a consensus rating of "Hold" and an average price target of $46.44. However, the stock is trading at -56.21% versus recent highs ($16.37). Progressive Corp (NYSE:PGR) has risen 26.23% since October 18, 2016 and is uptrending. The company has a market cap of $28.21 billion, a PE ratio of 20.66 and a beta of 0.87. The stock was sold at an average price of $48.65, for a total transaction of $2,432,500.00. Progressive Corporation (The) had a return on equity of 15.40% and a net margin of 5.41%.

Progressive Corporation (The) (NYSE:PGR) last released its quarterly earnings data on Tuesday, October 17th. Progressive Corp Ohio Com now has $27.86 billion valuation. Accordingly, the company shows a -18.10% EPS growth for the subsequent year and computes the EPS growth for the past five years at 2.00% *. The company's revenue was up 11.8% compared to the same quarter a year ago. During the same quarter in the prior year, the business earned $0.34 earnings per share.

In related news, insider M Jeffrey Charney sold 7,000 shares of Progressive Corp. stock in a transaction dated Friday, September 2nd.

According to Finviz reported data, The SMA20 of the stock is at -1.05 percent, SMA50 is 0.86 percent, while SMA200 is 12.92 percent. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Following the transaction, the insider now directly owns 221,715 shares of the company's stock, valued at approximately $10,788,651.90. IFP Advisors Inc grew its position in Progressive Corporation (The) by 12.9% in the 2nd quarter. Mckinley Capital Management LLC Delaware bought a new stake in Progressive Corporation (The) in the 2nd quarter worth about $101,000. Arizona State Retirement System increased its position in Progressive 1.2% in the first quarter. The portion of a company's profit allocated to each outstanding share of common stock was $4.52 a share in the trailing twelve months. Artisan Partners Limited Partnership lifted its stake in shares of Progressive Corporation (The) by 40.4% in the second quarter. Panagora Asset Management Inc. now owns 332,939 shares of the company's stock worth $11,699,000 after buying an additional 41,807 shares during the period.

Hedge funds have recently modified their holdings of the business. Ruane Cunniff And Goldfarb holds 0.01% of its portfolio in Progressive Corp (NYSE:PGR) for 17,557 shares. The Company's insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through Personal Lines, Commercial Lines and Property segments.

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