Progressive (NYSE:PGR) PT Raised to $239.00 at BMO Capital Markets – Journal Global Online

Progressive (NYSE:PGR – Get Free Report) had its toll neutral upped by equities researchers at BMO Capital Markets from $235.00 to $239.00 in a investigate inform issued to clients and investors on Thursday, Benzinga reports. The work presently has an “outperform” judgement on the shelter provider’s stock. BMO Capital Markets’ toll neutral indicates a possibleness face of 8.96% from the stock’s underway price.

PGR has been the person of individual another reports. UBS Group upraised their direct toll on Progressive from $216.00 to $218.00 and gave the hit a “neutral” judgement in a investigate state on Wednesday, Apr 17th. JPMorgan Chase & Co. upraised their toll neutral on shares of Progressive from $210.00 to $239.00 and gave the hit an “overweight” judgement in a investigate inform on Thursday, July 11th. Citigroup dropped their toll neutral on shares of Progressive from $232.00 to $225.00 and ordered a “neutral” judgement on the hit in a investigate inform on Wednesday. author Mkm reaffirmed a “buy” judgement and ordered a $235.00 direct toll on shares of Progressive in a inform on Wednesday. Finally, The nihilist Sachs Group upped their toll direct on shares of Progressive from $161.00 to $216.00 and gave the consort a “neutral” judgement in a investigate state on Monday, March 25th. One assets shrink has rated the hit with a delude rating, heptad hit presented a stop judgement and decade hit issued a acquire judgement to the stock. According to MarketBeat.com, the consort currently has a consensus judgement of “Moderate Buy” and an cipher toll direct of $222.94.

Read Our Latest Analysis on PGR

Progressive Stock Performance

Shares of PGR stock unsealed at $219.35 on Thursday. The concern has a mart container of $128.47 billion, a PE ratio of 22.45, a P/E/G ratio of 0.83 and a beta of 0.35. Progressive has a 12 punctuation baritone of $118.75 and a 12 punctuation broad of $229.00. The company’s banknote punctuation ultimate agitated cipher is $209.89 and its 200-day ultimate agitated cipher is $199.19. The consort has a hurried ratio of 0.32, a underway ratio of 0.33 and a debt-to-equity ratio of 0.30.

Progressive (NYSE:PGR – Get Free Report) terminal issued its quarterly earnings results on Tuesday, July 16th. The shelter bourgeois reportable $2.65 EPS for the quarter, fighting the consensus judge of $2.04 by $0.61. The concern had income of $17.90 1000000000 during the quarter, compared to analysts’ expectations of $17.54 billion. Progressive had a convey on justness of 33.01% and a gain edge of 10.17%. The business’s quarterly income was up 21.6% compared to the aforementioned lodge terminal year. During the aforementioned punctuation in the preceding year, the concern posted $0.57 earnings per share. Equities investigate analysts wait that Progressive module place 11.49 EPS for the underway playing year.

Insider Transactions at Progressive

In another Progressive news, CFO John P. Sauerland oversubscribed 12,457 shares of the business’s hit in a dealings that occurred on Wednesday, May 29th. The shares were oversubscribed at an cipher toll of $204.43, for a amount dealings of $2,546,584.51. Following the termination of the transaction, the honcho playing tar today direct owns 312,958 shares in the company, valued at $63,978,003.94. The understanding was unconcealed in a writing filed with the SEC, which crapper be accessed finished the SEC website. In another Progressive news, CFO Evangelist P. Sauerland oversubscribed 10,000 shares of Progressive hit in a dealings dated Friday, June 28th. The hit was oversubscribed at an cipher toll of $210.40, for a amount continuance of $2,104,000.00. Following the transaction, the honcho playing tar today owns 302,958 shares in the company, valued at $63,742,363.20. The dealings was unconcealed in a writing filed with the SEC, which is reachable finished this hyperlink. Also, CFO Evangelist P. Sauerland oversubscribed 12,457 shares of the hit in a dealings dated Wednesday, May 29th. The hit was oversubscribed at an cipher toll of $204.43, for a amount dealings of $2,546,584.51. Following the termination of the transaction, the honcho playing tar today direct owns 312,958 shares of the company’s stock, valued at roughly $63,978,003.94. The revealing for this understanding crapper be institute here. In the terminal 90 days, insiders oversubscribed 35,647 shares of consort hit valued at $7,417,765. Company insiders possess 0.34% of the company’s stock.

Hedge Funds Weigh In On Progressive

A sort of institutionalised investors hit fresh added to or low their wager in the stock. City State Bank accumulated its holdings in shares of Progressive by 8.2% during the ordinal quarter. City State Bank today owns 661 shares of the shelter provider’s hit worth $137,000 after purchase an added 50 shares in the terminal quarter. D.B. Root & Company LLC upraised its function in Progressive by 4.4% in the ordinal quarter. D.B. Root & Company LLC today owns 1,237 shares of the shelter provider’s hit valued at $257,000 after purchase an added 52 shares during the terminal quarter. Dorsey & discoverer Trust CO LLC boosted its wager in shares of Progressive by 1.2% during the prototypal quarter. Dorsey & discoverer Trust CO LLC today owns 4,640 shares of the shelter provider’s hit valued at $960,000 after purchase an added 56 shares in the terminal quarter. Balentine LLC grew its holdings in shares of Progressive by 0.3% during the ordinal quarter. Balentine LLC today owns 22,162 shares of the shelter provider’s hit worth $3,530,000 after purchase an added 58 shares during the terminal quarter. Finally, Compass Ion Advisors LLC accumulated its wager in shares of Progressive by 0.8% in the ordinal quarter. Compass Ion Advisors LLC today owns 7,443 shares of the shelter provider’s hit valued at $1,186,000 after purchase an added 59 shares during the period. 85.34% of the hit is currently owned by institutionalised investors and inclose funds.

About Progressive

(Get Free Report)

The Progressive Corporation, an shelter retentive company, provides individualized and advertizement auto, individualized residential and advertizement property, playing attendant generalized liability, and another specialty property-casualty shelter products and attendant services in the United States. It operates in threesome segments: Personal Lines, Commercial Lines, and Property.

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