Aster Capital Management DIFC Ltd Has $112,000 Stock Holdings in The Progressive Co. (NYSE:PGR)

Aster Capital Management DIFC Ltd trimmed its position in The Progressive Co. (NYSE:PGR - Free Report) by 88.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 466 shares of the insurance provider's stock after selling 3,585 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Progressive were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PGR. Webster Bank N. A. acquired a new stake in Progressive in the 4th quarter valued at approximately $26,000. Hager Investment Management Services LLC acquired a new position in shares of Progressive during the fourth quarter valued at approximately $28,000. Atlantic Edge Private Wealth Management LLC grew its holdings in Progressive by 54.7% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider's stock worth $28,000 after acquiring an additional 41 shares during the period. Valley National Advisers Inc. raised its position in Progressive by 3,000.0% in the fourth quarter. Valley National Advisers Inc. now owns 124 shares of the insurance provider's stock worth $29,000 after acquiring an additional 120 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in Progressive during the fourth quarter valued at approximately $32,000. 85.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Andrew J. Quigg sold 962 shares of the company's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $243.29, for a total transaction of $234,044.98. Following the completion of the transaction, the insider now directly owns 34,787 shares in the company, valued at $8,463,329.23. This represents a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Carl G. Joyce sold 360 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $276.17, for a total transaction of $99,421.20. Following the completion of the sale, the chief accounting officer now owns 655 shares in the company, valued at $180,891.35. This represents a 35.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,317 shares of company stock valued at $14,844,282. Insiders own 0.34% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Progressive from $317.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday. Morgan Stanley raised their price objective on shares of Progressive from $300.00 to $307.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. BMO Capital Markets cut their target price on shares of Progressive from $273.00 to $267.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Barclays raised their target price on Progressive from $285.00 to $297.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, StockNews.com lowered Progressive from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Progressive currently has an average rating of "Moderate Buy" and a consensus target price of $283.71.

Progressive Stock Performance

PGR traded up $2.60 on Friday, hitting $275.78. The company had a trading volume of 3,052,599 shares, compared to its average volume of 2,657,216. The Progressive Co. has a 1-year low of $201.34 and a 1-year high of $292.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. The company's fifty day moving average price is $271.85 and its 200 day moving average price is $257.20. The stock has a market cap of $161.67 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.70 and a beta of 0.38.

Progressive (NYSE:PGR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share for the quarter, topping 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%. Equities analysts predict that The Progressive Co. will post 14.68 earnings per share for the current fiscal year.

Progressive Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, April 3rd. Progressive's dividend payout ratio is currently 2.78%.

Progressive 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.