OneDigital Investment Advisors LLC Sells 3,380 Shares of The Progressive Co. (NYSE:PGR)

OneDigital Investment Advisors LLC lowered its position in shares of The Progressive Co. (NYSE:PGR - Free Report) by 16.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,736 shares of the insurance provider's stock after selling 3,380 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Progressive were worth $4,247,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Davis Capital Management acquired a new position in Progressive during the 3rd quarter worth $25,000. WR Wealth Planners LLC increased its stake in Progressive by 119.6% during the 2nd quarter. WR Wealth Planners LLC now owns 123 shares of the insurance provider's stock valued at $26,000 after buying an additional 67 shares during the period. Hilltop National Bank lifted its position in Progressive by 126.0% in the second quarter. Hilltop National Bank now owns 165 shares of the insurance provider's stock worth $34,000 after purchasing an additional 92 shares during the period. DiNuzzo Private Wealth Inc. boosted its stake in Progressive by 114.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 137 shares of the insurance provider's stock valued at $35,000 after buying an additional 73 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Progressive in the 1st quarter worth approximately $36,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Progressive Stock Down 0.7 %

Shares of NYSE:PGR traded down $1.72 during midday trading on Friday, hitting $255.78. 3,259,995 shares of the company's stock were exchanged, compared to its average volume of 2,463,986. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The Progressive Co. has a 12 month low of $149.14 and a 12 month high of $263.85. The company has a market cap of $149.84 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 0.73 and a beta of 0.36. The stock has a 50 day moving average price of $252.22 and a 200-day moving average price of $229.82.

Progressive (NYSE:PGR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The insurance provider reported $3.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.40 by $0.18. The business had revenue of $19.43 billion during the quarter, compared to the consensus estimate of $18.95 billion. Progressive had a net margin of 11.27% and a return on equity of 33.10%. On average, sell-side analysts anticipate that The Progressive Co. will post 13.11 EPS for the current fiscal year.

Insider Buying and Selling at Progressive

In other news, insider Steven Broz sold 6,122 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $235.19, for a total transaction of $1,439,833.18. Following the completion of the transaction, the insider now owns 32,316 shares of the company's stock, valued at approximately $7,600,400.04. The trade was a 15.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dyke Kahina Van sold 2,180 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $252.28, for a total transaction of $549,970.40. Following the completion of the transaction, the director now directly owns 13,723 shares in the company, valued at $3,462,038.44. The trade was a 13.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,331 shares of company stock valued at $16,415,812 in the last 90 days. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on PGR. Keefe, Bruyette & Woods lifted their price target on Progressive from $280.00 to $290.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Piper Sandler increased their target price on shares of Progressive from $250.00 to $252.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. Roth Mkm boosted their price target on shares of Progressive from $270.00 to $290.00 and gave the company a "buy" rating in a report on Monday, September 16th. Hsbc Global Res raised Progressive from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Progressive from $242.00 to $251.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Progressive currently has a consensus rating of "Moderate Buy" and an average price target of $269.56.

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.