EPS for The Progressive Corporation (PGR) Expected At $0.74

December 21, 2017 - By Peter Erickson

 EPS for The Progressive Corporation (PGR) Expected At $0.74
Investors sentiment is 1.19 in Q2 2017. Its the same as in 2017Q1. It is the same, as 32 investors sold The Progressive Corporation shares while 188 reduced holdings. only 76 funds opened positions while 185 raised stakes. 449.71 million shares or 0.33% less from 451.19 million shares in 2017Q1 were reported.
Fiduciary Wi has 2.94% invested in The Progressive Corporation (NYSE:PGR) for 11.11 million shares. Returns Mngmt Limited Liability reported 3.83% of its portfolio in The Progressive Corporation (NYSE:PGR). Tower Rech Capital Limited (Trc) has 0.01% invested in The Progressive Corporation (NYSE:PGR) for 1,658 shares. 8,475 were reported by Winslow Evans And Crocker. Moreover, Dnb Asset As has 0% invested in The Progressive Corporation (NYSE:PGR). Chicago Equity Ptnrs Limited Liability Corp holds 0.02% of its portfolio in The Progressive Corporation (NYSE:PGR) for 14,580 shares. Cognios Cap Limited Company invested in 0.92% or 59,647 shares. Ariel Limited Liability Company holds 1.26M shares. Ahl Partners Llp accumulated 0.08% or 86,291 shares. The Massachusetts-based Fiduciary Tru has invested 0% in The Progressive Corporation (NYSE:PGR). Royal Comml Bank Of Canada reported 747,020 shares or 0.02% of all its holdings. Nikko Asset Mngmt Americas has 0.11% invested in The Progressive Corporation (NYSE:PGR) for 43,700 shares. Art Advsr Ltd Llc reported 0.31% of its portfolio in The Progressive Corporation (NYSE:PGR). Parnassus Invs Ca invested in 850,000 shares or 0.16% of the stock. Carlson Capital Lp stated it has 599,900 shares or 0.38% of all its holdings.

Since August 17, 2017, it had 0 insider buys, and 5 sales for $4.92 million activity. Griffith Susan Patricia sold 35,000 shares worth $1.70 million. $2.43 million worth of The Progressive Corporation (NYSE:PGR) shares were sold by Sauerland John P. Broz Steven also sold $60,913 worth of The Progressive Corporation (NYSE:PGR) on Wednesday, August 23. BASCH JEFFREY W had sold 9,000 shares worth $434,070.

Analysts expect The Progressive Corporation (NYSE:PGR) to report $0.74 EPS on January, 24.They anticipate $0.12 EPS change or 19.35 % from last quarter’s $0.62 EPS. PGR’s profit would be $430.38 million giving it 18.98 P/E if the $0.74 EPS is correct. After having $0.41 EPS previously, The Progressive Corporation’s analysts see 80.49 % EPS growth. The stock increased 0.68% or $0.38 during the last trading session, reaching $56.17. About 2.69 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since December 21, 2016 and is uptrending. It has outperformed by 9.53% the S&P500.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 18 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Progressive had 52 analyst reports since August 6, 2015 according to SRatingsIntel. Morgan Stanley maintained The Progressive Corporation (NYSE:PGR) on Wednesday, October 18 with “Equal-Weight” rating. Wells Fargo maintained the shares of PGR in report on Friday, May 5 with “Hold” rating. The rating was maintained by UBS on Tuesday, September 19 with “Buy”. Goldman Sachs downgraded the stock to “Sell” rating in Monday, November 16 report. Bernstein downgraded the shares of PGR in report on Tuesday, January 19 to “Market Perform” rating. Citigroup maintained the shares of PGR in report on Thursday, August 17 with “Neutral” rating. The stock has “Underweight” rating by Barclays Capital on Monday, October 16. The stock of The Progressive Corporation (NYSE:PGR) has “Market Outperform” rating given on Wednesday, September 16 by JMP Securities. Bank of America upgraded The Progressive Corporation (NYSE:PGR) rating on Monday, March 20. Bank of America has “Buy” rating and $46 target. The rating was upgraded by Sandler O’Neill on Thursday, December 17 to “Hold”.

The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company has market cap of $32.67 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. It has a 23.59 P/E ratio. This segmentÂ’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.

More recent The Progressive Corporation (NYSE:PGR) news were published by: Streetinsider.com which released: “Progressive Corp. (PGR) PT Raised to $65 at MKM Partners; Reiterates Buy” on December 14, 2017. Also Crainscleveland.com published the news titled: “Progressive pitches its culture amid hiring quest” on December 17, 2017. Crainscleveland.com‘s news article titled: “Progressive Corp. CEO Tricia Griffith is thinking big” with publication date: November 30, 2017 was also an interesting one.

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