The Progressive Co. (NYSE:PGR) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC lessened its position in The Progressive Co. (NYSE:PGR) by 21.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,260 shares of the insurance provider’s stock after selling 609 shares during the quarter. NorthRock Partners LLC’s holdings in Progressive were worth $573,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on PGR shares. HSBC upgraded shares of Progressive from a “hold” rating to a “buy” rating and set a $253.00 price target for the company in a research note on Monday, August 12th. BMO Capital Markets lowered their target price on Progressive from $239.00 to $237.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Bank of America increased their price target on Progressive from $319.00 to $331.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Piper Sandler lifted their price objective on Progressive from $250.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Evercore ISI upped their target price on shares of Progressive from $243.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Progressive presently has an average rating of “Moderate Buy” and a consensus price target of $263.19.

Insider Buying and Selling at Progressive

In other news, insider Steven Broz sold 6,122 shares of Progressive 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 sale, the insider now owns 32,316 shares in the company, valued at approximately $7,600,400.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider John Jo Murphy sold 9,512 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $237.50, for a total transaction of $2,259,100.00. Following the completion of the sale, the insider now owns 45,787 shares in the company, valued at $10,874,412.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Broz sold 6,122 shares of Progressive stock in a transaction on Monday, August 19th. The shares were 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 in the company, valued at approximately $7,600,400.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,843 shares of company stock worth $18,674,912 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Progressive Trading Up 2.7 %

NYSE PGR opened at $248.07 on Wednesday. The firm’s fifty day moving average price is $250.91 and its 200 day moving average price is $227.37. The Progressive Co. has a 12 month low of $149.14 and a 12 month high of $260.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $145.29 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 0.67 and a beta of 0.36.

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.