Personal CFO Solutions LLC Purchases 386 Shares of The Progressive Co. (NYSE:PGR)

Personal CFO Solutions LLC boosted its holdings in The Progressive Co. (NYSE:PGR) by 19.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,353 shares of the insurance provider’s stock after purchasing an additional 386 shares during the quarter. Personal CFO Solutions LLC’s holdings in Progressive were worth $564,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PGR. Amundi lifted its position in Progressive by 6.3% in the fourth quarter. Amundi now owns 3,259,733 shares of the insurance provider’s stock worth $793,332,000 after buying an additional 192,013 shares during the last quarter. Naviter Wealth LLC purchased a new stake in shares of Progressive in the fourth quarter worth approximately $1,255,000. Rialto Wealth Management LLC bought a new stake in shares of Progressive during the 4th quarter worth approximately $43,000. Arjuna Capital increased its stake in Progressive by 92.7% in the fourth quarter. Arjuna Capital now owns 12,384 shares of the insurance provider’s stock worth $2,967,000 after purchasing an additional 5,959 shares during the period. Finally, Banco Santander S.A. lifted its holdings in Progressive by 5.9% during the 4th quarter. Banco Santander S.A. now owns 110,451 shares of the insurance provider’s stock valued at $26,465,000 after buying an additional 6,175 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Mariann Wojtkun Marshall sold 191 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $242.10, for a total value of $46,241.10. Following the completion of the sale, the chief accounting officer now directly owns 3,982 shares of the company’s stock, valued at approximately $964,042.20. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John P. Sauerland sold 10,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $279.94, for a total value of $2,799,400.00. Following the completion of the transaction, the chief financial officer now owns 269,566 shares in the company, valued at $75,462,306.04. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,361 shares of company stock valued at $14,102,075 over the last quarter. Company insiders own 0.34% of the company’s stock.

Progressive Stock Down 0.5 %

PGR stock opened at $279.77 on Monday. The company’s 50 day moving average is $254.23 and its two-hundred day moving average is $252.81. The Progressive Co. has a twelve month low of $194.49 and a twelve month high of $287.49. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The stock has a market cap of $164.00 billion, a P/E ratio of 19.43, a PEG ratio of 1.70 and a beta of 0.35.

Progressive (NYSE:PGR) last announced its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.64. Progressive had a net margin of 11.25% and a return on equity of 33.79%. Research analysts expect that The Progressive Co. will post 14.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on PGR shares. Barclays raised their target price on shares of Progressive from $261.00 to $264.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. HSBC downgraded Progressive from a “buy” rating to a “hold” rating and set a $267.00 price target on the stock. in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their target price on shares of Progressive from $295.00 to $294.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company increased their price objective on Progressive from $313.00 to $317.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Finally, Roth Mkm increased their price target on Progressive from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $277.59.

Progressive Company Profile

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.