Progressive Corp Ohio (PGR) Shareholder Zweig-Dimenna Associates LLC Decreased Stake

June 27, 2018 - By Carey Conley

The Progressive Corporation (NYSE:PGR) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.98. That’s change of 0.19, from 2017Q4’s 1.17. 36 investors sold all, 231 reduced holdings as PGR ratio is negative. 180 grew positions while 81 funds took positions. Funds hold 450.02 million shares thus 0.77% less from 2017Q4’s 453.53 million shares. State Of Wisconsin Invest Board holds 0.09% of its capital in The Progressive Corporation (NYSE:PGR) for 524,243 shs. Parsons Management Inc Ri holds 0.37% or 51,586 shs in its capital. Ontario Teachers Pension Plan Board reported 270,343 shs. Legal General Gp Pcl stated it has 3.00M shs. Hartford Management Company holds 124,283 shs. Commerzbank Aktiengesellschaft Fi stated it has 25,432 shs or 0.02% of all its holdings. Parkside Bank & Tru accumulated 4,503 shs or 0.1% of the stock. Toronto Dominion National Bank & Trust owns 313,842 shs or 0.04% of their US capital. Congress Asset Mgmt Ma holds 0.79% in The Progressive Corporation (NYSE:PGR) or 924,768 shs. Tudor Invest Corporation Et Al invested in 8,783 shs or 0.02% of the stock. 115,510 were accumulated by Mutual Of America Cap Mgmt Lc. Palisades Hudson Asset LP reported 0.17% stake. Hightower Advisors Limited Liability invested in 8,161 shs or 0% of the stock. Suntrust Banks holds 0.01% of its capital in The Progressive Corporation (NYSE:PGR) for 34,939 shs. World Asset Incorporated invested in 0.12% or 40,954 shs.

PGR registered $3.03 million net activity with 0 insider purchases and 5 insider sales since April 25, 2018. Shares for $762,804 were sold by Griffith Susan Patricia on Friday, May 18. On Thursday, June 14 $748,800 worth of The Progressive Corporation (NYSE:PGR) was sold by Sauerland John P. 11,000 shs were sold by BASCH JEFFREY W, worth $665,940.

The stake In Progressive Corp Ohio (PGR) was reduced owned by Joe Dimenna. According to 2018Q1 Securities and Exchange filling the reduction is 37.53%. The company’s stock popped up 5.95% while Zweig-Dimenna Associates Llc sold 112,316 shares. At the end of 2018Q1, the hedge fund run by Joe Dimenna held 186,920 shares of the property-casualty insurers company, valued at $11.39 million, down from 299,236 at the end of the previous reported quarter. $34.80 billion is the market cap of Progressive Corp Ohio. The stock decreased 0.70% or $0.42 during the last trading session, reaching $59.76.The Progressive Corporation has volume of 3.03M shares. Since June 27, 2017 PGR has risen 47.50% and is uptrending. The stock outperformed the S&P 500 by 34.93%.

Zweig-Dimenna Associates Llc operates about $1.59 billion and $1.13 billion US Long portfolio. Its stake in Athene Hldg Ltd was upped by 307,867 shares to 445,148 shares valued at $21.28M in 2018Q1, according to the filing. Zweig-Dimenna Associates Llc has risen its stake in Altaba Inc and also increased its holding in Lam Research Corp (NASDAQ:LRCX) by 58,587 shares in the quarter, for a total of 93,777 shares.

The Progressive Corporation (NYSE:PGR)’s quarterly earnings will be published on July, 17., RTT reports. This year’s EPS analyst estimate is awaited to be $0.94. That is 59.32 % up compareed to $0.59 EPS for last year. The profit will be $547.44M for PGR if $0.94 EPS becomes true. After $1.22 EPS was published previous quarter, analysts now see negative EPS growth of -22.95 % for The Progressive Corporation.

There’s a significant The Progressive Corporation (NYSE:PGR) news announced by Seekingalpha.com. It’s an article titled: “Progressive Corp.’s Dashboard Report – May 2018 Update” on June 23, 2018.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

In total 11 analysts cover Progressive (NYSE:PGR). “Buy” rating has 4, “Sell” are 1, while 6 are “Hold”. 36% are bullish. With $6900 highest and $52 lowest target Progressive has $59.90 average target or 0.23% above the current ($59.76) price. 17 are the (NYSE:PGR)’s analyst reports since January 24, 2018 according to StockzIntelligence Inc. On Tuesday, April 17 the rating was maintained by Sandler O’Neill with “Buy”. On Thursday, March 1 the stock has “Buy” rating by Sandler O’Neill. On Wednesday, March 14 the stock of The Progressive Corporation (NYSE:PGR) earned “Buy” rating by Sandler O’Neill. On Thursday, May 17 the stock of The Progressive Corporation (NYSE:PGR) earned “Underperform” rating by Buckingham Research. On Wednesday, April 18 the stock of The Progressive Corporation (NYSE:PGR) has “Equal-Weight” rating given by Morgan Stanley. On Thursday, May 17 the stock of The Progressive Corporation (NYSE:PGR) has “Market Perform” rating given by Wood. On Wednesday, February 14 the company was maintained by Keefe Bruyette & Woods. The stock rating was maintained by FBR Capital with “Hold” on Monday, April 16. In Thursday, February 15 report Sandler O’Neill maintained the stock with “Buy” rating. On Monday, May 21 the firm has “Hold” rating given by Deutsche Bank.

The Progressive Corporation (NYSE:PGR) Institutional Investors Chart

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