Wealthtrust Fairport LLC Trimmed Its Holding in Progressive Corp Ohio (PGR) by $10.46 Million

May 25, 2018 - By Vivian Currie

The Progressive Corporation (NYSE:PGR) LogoInvestors sentiment increased to 1.17 in 2017 Q4. Its up 0.10, from 1.07 in 2017Q3. It is positive, as 32 investors sold PGR shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. Marietta Investment Prtn Limited Company owns 18,199 shares. Moreover, Connor Clark & Lunn Investment Management Ltd has 0.09% invested in The Progressive Corporation (NYSE:PGR) for 279,057 shares. Meiji Yasuda Life Ins reported 0.14% stake. Cubic Asset Mngmt Llc invested in 7,800 shares. Martingale Asset Mgmt LP owns 672,949 shares for 0.5% of their portfolio. Greenleaf Tru holds 0% or 1,057 shares in its portfolio. Nuwave Investment Management Lc invested 0% in The Progressive Corporation (NYSE:PGR). Srb Corp accumulated 0.03% or 3,640 shares. Creative Planning reported 11,970 shares. Bridgeway Cap Management invested in 64,520 shares or 0.04% of the stock. Pineno Levin And Ford Asset reported 1.81% stake. 1.23 million were accumulated by Mitsubishi Ufj. Nordea Investment Management holds 389,153 shares or 0.05% of its portfolio. Mackenzie Finance reported 1.64M shares stake. Shell Asset Management invested in 174,806 shares or 0.2% of the stock.

Since April 25, 2018, it had 0 buys, and 4 selling transactions for $2.28 million activity. Broz Steven also sold $121,236 worth of The Progressive Corporation (NYSE:PGR) on Wednesday, April 25. 12,600 shares were sold by Griffith Susan Patricia, worth $762,804 on Friday, May 18. Another trade for 12,000 shares valued at $726,240 was made by Sauerland John P on Friday, May 18.

Wealthtrust Fairport Llc decreased its stake in Progressive Corp Ohio (PGR) by 88.97% based on its latest 2017Q4 regulatory filing with the SEC. Wealthtrust Fairport Llc sold 186,837 shares as the company’s stock rose 7.49% while stock markets declined. The institutional investor held 23,163 shares of the property-casualty insurers company at the end of 2017Q4, valued at $1.31M, down from 210,000 at the end of the previous reported quarter. Wealthtrust Fairport Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $36.47 billion market cap company. The stock increased 0.64% or $0.4 during the last trading session, reaching $62.63. About 2.62 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 25, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on July, 17. They expect $0.84 earnings per share, up 42.37 % or $0.25 from last year’s $0.59 per share. PGR’s profit will be $489.19 million for 18.64 P/E if the $0.84 EPS becomes a reality. After $1.22 actual earnings per share reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -31.15 % negative EPS growth.

Another recent and important The Progressive Corporation (NYSE:PGR) news was published by Seekingalpha.com which published an article titled: “Progressive’s Dashboard Report – April 2018 Update” on May 17, 2018.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 13 analysts covering Progressive (NYSE:PGR), 5 have Buy rating, 1 Sell and 7 Hold. Therefore 38% are positive. Progressive had 20 analyst reports since December 4, 2017 according to SRatingsIntel. The stock has “Buy” rating by Sandler O’Neill on Tuesday, April 17. The rating was maintained by FBR Capital with “Hold” on Monday, April 16. The firm earned “Underperform” rating on Thursday, May 17 by Buckingham Research. Sandler O’Neill maintained the shares of PGR in report on Thursday, February 15 with “Buy” rating. On Thursday, January 25 the stock rating was maintained by M Partners with “Buy”. Keefe Bruyette & Woods maintained the shares of PGR in report on Wednesday, March 14 with “Buy” rating. The firm has “Buy” rating by Sandler O’Neill given on Thursday, March 1. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, April 17. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, May 17. On Monday, December 4 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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