The Progressive Co. (NYSE:PGR) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. decreased its position in The Progressive Co. (NYSE:PGR - Free Report) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,005 shares of the insurance provider's stock after selling 1,527 shares during the quarter. Winslow Asset Management Inc.'s holdings in Progressive were worth $1,439,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Progressive by 13.2% during the 3rd quarter. Geode Capital Management LLC now owns 14,425,792 shares of the insurance provider's stock valued at $3,652,235,000 after buying an additional 1,682,213 shares during the last quarter. Jennison Associates LLC increased its position in Progressive by 21.6% in the third quarter. Jennison Associates LLC now owns 4,749,628 shares of the insurance provider's stock worth $1,205,266,000 after buying an additional 842,109 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Progressive by 75.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,494,084 shares of the insurance provider's stock valued at $379,139,000 after purchasing an additional 641,943 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Progressive by 36,819.8% during the fourth quarter. Proficio Capital Partners LLC now owns 568,195 shares of the insurance provider's stock valued at $136,145,000 after purchasing an additional 566,656 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Progressive by 102.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,024,992 shares of the insurance provider's stock valued at $260,102,000 after purchasing an additional 518,262 shares during the period. Institutional investors and hedge funds own 85.34% of the company's stock.

Progressive Price Performance

Shares of PGR stock traded down $1.35 on Wednesday, reaching $281.84. The company's stock had a trading volume of 2,485,532 shares, compared to its average volume of 2,634,508. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.27. The Progressive Co. has a 12-month low of $191.00 and a 12-month high of $287.49. The company has a market capitalization of $165.11 billion, a P/E ratio of 19.57, a PEG ratio of 1.70 and a beta of 0.42. The stock's 50 day simple moving average is $252.70 and its 200-day simple moving average is $252.11.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.44 by $0.64. Progressive had a return on equity of 33.79% and a net margin of 11.25%. As a group, equities analysts predict that The Progressive Co. will post 14.68 earnings per share for the current fiscal year.

Progressive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, January 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. Progressive's payout ratio is 2.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PGR shares. Morgan Stanley lifted their target price on Progressive from $300.00 to $307.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Roth Mkm raised their price objective on Progressive from $290.00 to $315.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. BMO Capital Markets decreased their price objective on Progressive from $273.00 to $267.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Hsbc Global Res lowered Progressive from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, TD Cowen raised their price objective on Progressive from $197.00 to $237.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $277.59.

Insider Buying and Selling

In other Progressive news, CAO Mariann Wojtkun Marshall sold 191 shares of Progressive 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 sale, the chief accounting officer now owns 3,982 shares of the company's stock, valued at approximately $964,042.20. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew J. Quigg sold 681 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $242.10, for a total transaction of $164,870.10. Following the sale, the insider now directly owns 33,612 shares of the company's stock, valued at approximately $8,137,465.20. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,361 shares of company stock worth $14,102,075 in the last three months. Insiders own 0.34% of the company's stock.

Progressive Company 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.