Progressive Corporation (The) (PGR) Stake Held by Eaton Vance Management, Report finds

Progressive Corporation (The) (PGR) Stake Held by Eaton Vance Management, Report finds

Eaton Vance Management held its position in shares of Progressive Corporation (The) (NYSE:PGR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,283,911 shares of the company’s stock at the end of the third quarter. Eaton Vance Management owned approximately 0.22% of Progressive Corporation (The) worth $40,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PGR. Cornerstone Advisors Inc. boosted its position in shares of Progressive Corporation (The) by 25.3% in the third quarter. Cornerstone Advisors Inc. now owns 3,271 shares of the company’s stock valued at $103,000 after buying an additional 660 shares in the last quarter. MSI Financial Services Inc boosted its position in shares of Progressive Corporation (The) by 37.2% in the third quarter. MSI Financial Services Inc now owns 3,447 shares of the company’s stock valued at $109,000 after buying an additional 935 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new position in shares of Progressive Corporation (The) during the third quarter valued at $112,000. SRB Corp boosted its position in shares of Progressive Corporation (The) by 11.7% in the third quarter. SRB Corp now owns 4,881 shares of the company’s stock valued at $154,000 after buying an additional 512 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Progressive Corporation (The) by 159.0% in the third quarter. Advisors Asset Management Inc. now owns 6,994 shares of the company’s stock valued at $220,000 after buying an additional 4,294 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Progressive Corporation (NYSE:PGR) traded down 0.19% during midday trading on Wednesday, hitting $36.97. The stock had a trading volume of 2,070,423 shares. The firm has a market cap of $21.44 billion, a P/E ratio of 21.01 and a beta of 0.75. The stock has a 50-day moving average of $36.44 and a 200-day moving average of $33.50. Progressive Corporation has a 52 week low of $30.19 and a 52 week high of $38.17.

Progressive Corporation (The) (NYSE:PGR) last released its quarterly earnings data on Wednesday, January 25th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.15. The business earned $5.55 billion during the quarter, compared to the consensus estimate of $5.47 billion. Progressive Corporation (The) had a return on equity of 12.59% and a net margin of 4.40%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share. Analysts forecast that Progressive Corporation will post $2.09 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Friday, February 10th. Investors of record on Friday, February 3rd will be issued a $0.681 dividend. The ex-dividend date is Wednesday, February 1st. Progressive Corporation (The)’s dividend payout ratio is presently 38.42%.

Several research analysts recently weighed in on the company. Zacks Investment Research cut Progressive Corporation (The) from a “buy” rating to a “hold” rating in a research note on Thursday, January 12th. Citigroup Inc. upgraded Progressive Corporation (The) from a “sell” rating to a “neutral” rating and increased their price target for the company from $30.00 to $34.00 in a research report on Friday, October 14th. Goldman Sachs Group, Inc. (The) upgraded Progressive Corporation (The) from a “sell” rating to a “neutral” rating and increased their price target for the company from $29.00 to $34.00 in a research report on Tuesday, January 10th. Morgan Stanley upgraded Progressive Corporation (The) from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $31.00 to $36.00 in a research report on Thursday, January 5th. Finally, Credit Suisse Group reiterated a “sell” rating and issued a $28.00 price target on shares of Progressive Corporation (The) in a research report on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.35.

In related news, insider Valerie A. Krasowski sold 10,500 shares of the company’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $35.78, for a total value of $375,690.00. Following the completion of the sale, the insider now owns 145,810 shares in the company, valued at $5,217,081.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

About Progressive Corporation (The)

The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through Personal Lines, Commercial Lines and Property segments.

Want to see what other hedge funds are holding PGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Progressive Corporation (The) (NYSE:PGR).

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Progressive Corporation (The) (PGR) Stake Held by Eaton Vance Management

Progressive Corporation (The) (PGR) Stake Held by Eaton Vance Management

Eaton Vance Management held its position in shares of Progressive Corporation (The) (NYSE:PGR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,283,911 shares of the company’s stock at the end of the third quarter. Eaton Vance Management owned approximately 0.22% of Progressive Corporation (The) worth $40,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PGR. Cornerstone Advisors Inc. boosted its position in shares of Progressive Corporation (The) by 25.3% in the third quarter. Cornerstone Advisors Inc. now owns 3,271 shares of the company’s stock valued at $103,000 after buying an additional 660 shares in the last quarter. MSI Financial Services Inc boosted its position in shares of Progressive Corporation (The) by 37.2% in the third quarter. MSI Financial Services Inc now owns 3,447 shares of the company’s stock valued at $109,000 after buying an additional 935 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new position in shares of Progressive Corporation (The) during the third quarter valued at $112,000. SRB Corp boosted its position in shares of Progressive Corporation (The) by 11.7% in the third quarter. SRB Corp now owns 4,881 shares of the company’s stock valued at $154,000 after buying an additional 512 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Progressive Corporation (The) by 159.0% in the third quarter. Advisors Asset Management Inc. now owns 6,994 shares of the company’s stock valued at $220,000 after buying an additional 4,294 shares in the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

Progressive Corporation (NYSE:PGR) traded down 0.19% during midday trading on Wednesday, hitting $36.97. The stock had a trading volume of 2,070,423 shares. The firm has a market cap of $21.44 billion, a P/E ratio of 21.01 and a beta of 0.75. The stock has a 50-day moving average of $36.44 and a 200-day moving average of $33.50. Progressive Corporation has a 52 week low of $30.19 and a 52 week high of $38.17.

Progressive Corporation (The) (NYSE:PGR) last released its quarterly earnings data on Wednesday, January 25th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.15. The business earned $5.55 billion during the quarter, compared to the consensus estimate of $5.47 billion. Progressive Corporation (The) had a return on equity of 12.59% and a net margin of 4.40%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share. Analysts forecast that Progressive Corporation will post $2.09 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Friday, February 10th. Investors of record on Friday, February 3rd will be issued a $0.681 dividend. The ex-dividend date is Wednesday, February 1st. Progressive Corporation (The)’s dividend payout ratio is presently 38.42%.

Several research analysts recently weighed in on the company. Zacks Investment Research cut Progressive Corporation (The) from a “buy” rating to a “hold” rating in a research note on Thursday, January 12th. Citigroup Inc. upgraded Progressive Corporation (The) from a “sell” rating to a “neutral” rating and increased their price target for the company from $30.00 to $34.00 in a research report on Friday, October 14th. Goldman Sachs Group, Inc. (The) upgraded Progressive Corporation (The) from a “sell” rating to a “neutral” rating and increased their price target for the company from $29.00 to $34.00 in a research report on Tuesday, January 10th. Morgan Stanley upgraded Progressive Corporation (The) from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $31.00 to $36.00 in a research report on Thursday, January 5th. Finally, Credit Suisse Group reiterated a “sell” rating and issued a $28.00 price target on shares of Progressive Corporation (The) in a research report on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.35.

In related news, insider Valerie A. Krasowski sold 10,500 shares of the company’s stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $35.78, for a total value of $375,690.00. Following the completion of the sale, the insider now owns 145,810 shares in the company, valued at $5,217,081.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

About Progressive Corporation (The)

The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through Personal Lines, Commercial Lines and Property segments.

Want to see what other hedge funds are holding PGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Progressive Corporation (The) (NYSE:PGR).

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