The Progressive Corporation (PGR) EPS Estimated At $0.94

June 14, 2018 - By Marguerite Chambers

The Progressive Corporation (NYSE:PGR) LogoInvestors sentiment decreased to 0.98 in Q1 2018. Its down 0.19, from 1.17 in 2017Q4. It dived, as 36 investors sold The Progressive Corporation shares while 231 reduced holdings. 81 funds opened positions while 180 raised stakes. 450.02 million shares or 0.77% less from 453.53 million shares in 2017Q4 were reported.
21,564 are held by Cognios Cap Ltd. Bank & Trust reported 19,152 shares or 0.02% of all its holdings. Pub Sector Pension Inv Board reported 32,467 shares. Mitsubishi Ufj stated it has 0.13% of its portfolio in The Progressive Corporation (NYSE:PGR). Duncker Streett reported 6,075 shares stake. Moreover, Intrust Bancshares Na has 0.09% invested in The Progressive Corporation (NYSE:PGR). Lateef Management L P invested in 398,045 shares. Inverness Counsel Ltd Liability Corp New York invested in 632,110 shares or 2.32% of the stock. Westwood Mngmt Corporation Il has invested 0.38% in The Progressive Corporation (NYSE:PGR). Raymond James Na reported 0.16% stake. Greenleaf Trust holds 0% or 350 shares. 5,600 were accumulated by Fuller And Thaler Asset Mgmt Incorporated. Zwj Inv Counsel has 335,585 shares. Oppenheimer Asset Mngmt, a New York-based fund reported 169,619 shares. Bb&T holds 27,100 shares or 0.03% of its portfolio.

Since April 25, 2018, it had 0 insider purchases, and 4 selling transactions for $2.28 million activity. Sauerland John P sold $726,240 worth of stock. Shares for $762,804 were sold by Griffith Susan Patricia. BASCH JEFFREY W also sold $665,940 worth of The Progressive Corporation (NYSE:PGR) on Thursday, May 17.

Analysts expect The Progressive Corporation (NYSE:PGR) to report $0.94 EPS on July, 17.They anticipate $0.35 EPS change or 59.32 % from last quarter’s $0.59 EPS. PGR’s profit would be $547.43 million giving it 16.46 P/E if the $0.94 EPS is correct. After having $1.22 EPS previously, The Progressive Corporation’s analysts see -22.95 % EPS growth. The stock decreased 1.01% or $0.63 during the last trading session, reaching $61.89. About 3.21M shares traded or 2.86% up from the average. The Progressive Corporation (NYSE:PGR) has risen 47.50% since June 14, 2017 and is uptrending. It has outperformed by 34.93% the S&P500.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 11 analysts covering Progressive (NYSE:PGR), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. Progressive had 17 analyst reports since January 24, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 1 by Sandler O’Neill. The firm has “Buy” rating given on Wednesday, February 14 by Keefe Bruyette & Woods. The stock of The Progressive Corporation (NYSE:PGR) earned “Market Perform” rating by Wood on Thursday, May 17. Sandler O’Neill maintained The Progressive Corporation (NYSE:PGR) rating on Wednesday, March 14. Sandler O’Neill has “Buy” rating and $68.0 target. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Tuesday, April 17 by Sandler O’Neill. FBR Capital maintained The Progressive Corporation (NYSE:PGR) rating on Monday, April 16. FBR Capital has “Hold” rating and $5400 target. Morgan Stanley maintained The Progressive Corporation (NYSE:PGR) rating on Wednesday, April 18. Morgan Stanley has “Equal-Weight” rating and $64 target. The rating was maintained by Buckingham Research with “Underperform” on Thursday, May 17. As per Thursday, February 15, the company rating was maintained by Sandler O’Neill. Keefe Bruyette & Woods maintained it with “Buy” rating and $6600 target in Tuesday, April 17 report.

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 $36.04 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. It has a 22.75 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 news for The Progressive Corporation (NYSE:PGR) were recently published by: Nasdaq.com, which released: “5 Insurers in Focus as Fed Hikes Rate, Raises Economic View” on June 14, 2018. Seekingalpha.com‘s article titled: “Progressive gains as much as 4.6% as May EPS surges from a year ago” and published on June 13, 2018 is yet another important article.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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