5,343 Shares in The Progressive Co. (NYSE:PGR) Purchased by Greykasell Wealth Strategies Inc.

Greykasell Wealth Strategies Inc. bought a new stake in shares of The Progressive Co. (NYSE:PGR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,343 shares of the insurance provider's stock, valued at approximately $1,280,000.

A number of other large investors also recently made changes to their positions in PGR. Poinciana Advisors Group LLC acquired a new stake in shares of Progressive in the 4th quarter valued at approximately $329,000. First National Trust Co raised its holdings in Progressive by 607.9% in the fourth quarter. First National Trust Co now owns 19,950 shares of the insurance provider's stock worth $4,780,000 after purchasing an additional 17,132 shares during the period. Carret Asset Management LLC boosted its position in shares of Progressive by 0.4% during the fourth quarter. Carret Asset Management LLC now owns 22,500 shares of the insurance provider's stock worth $5,391,000 after purchasing an additional 100 shares in the last quarter. Renasant Bank grew its holdings in shares of Progressive by 36.9% in the 4th quarter. Renasant Bank now owns 1,810 shares of the insurance provider's stock valued at $434,000 after buying an additional 488 shares during the period. Finally, Atala Financial Inc bought a new stake in shares of Progressive in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 85.34% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on PGR. Roth Mkm boosted their target price on Progressive from $290.00 to $315.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. HSBC cut shares of Progressive from a "buy" rating to a "hold" rating and set a $267.00 price target for the company. in a report on Tuesday, December 10th. Morgan Stanley boosted their price objective on shares of Progressive from $300.00 to $307.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. UBS Group lifted their price target on Progressive from $275.00 to $285.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Bank of America dropped their target price on Progressive from $333.00 to $318.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Progressive presently has an average rating of "Moderate Buy" and a consensus target price of $281.76.

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Progressive Stock Performance

Progressive stock traded up $4.47 during trading hours on Friday, hitting $283.87. The company had a trading volume of 2,223,359 shares, compared to its average volume of 2,388,837. 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 firm has a 50-day moving average of $258.14 and a 200 day moving average of $254.07. The Progressive Co. has a one year low of $201.34 and a one year high of $287.49. The firm has a market cap of $166.41 billion, a PE ratio of 19.71, a PEG ratio of 1.70 and a beta of 0.35.

Progressive (NYSE:PGR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.64. Progressive had a return on equity of 33.79% and a net margin of 11.25%. On average, sell-side analysts expect that The Progressive Co. will post 14.68 earnings per share for the current year.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend is Thursday, April 3rd. Progressive's dividend payout ratio (DPR) is presently 2.78%.

Insider Activity at Progressive

In other Progressive news, CEO Susan Patricia Griffith sold 11,021 shares of the company's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $243.29, for a total value of $2,681,299.09. Following the completion of the transaction, the chief executive officer now owns 473,736 shares of the company's stock, valued at $115,255,231.44. This represents a 2.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mariann Wojtkun Marshall sold 191 shares of the company's stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 3,982 shares of the company's stock, valued at $964,042.20. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,257 shares of company stock valued at $15,752,781 over the last ninety days. 0.34% of the stock is owned by corporate insiders.

About Progressive

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.