On July, 17 Analysts See $0.94 EPS for The Progressive Corporation (PGR)

June 27, 2018 - By Gregory Tomko

The Progressive Corporation (NYSE:PGR) Corporate Logo
During Q1 2018 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 The Progressive Corporation ratio dropped. 180 rose positions while 81 funds acquired positions. Funds hold 450.02 million shares thus 0.77% less from 2017Q4’s 453.53 million shares.
Jump Trading Ltd Llc accumulated 7,671 shs. Glenmede Trust Na has 0.04% invested in The Progressive Corporation (NYSE:PGR). Sei Com invested 0.24% of its capital in The Progressive Corporation (NYSE:PGR). 1,116 are owned by Cwm Limited Liability Company. Waverton Invest Management Limited reported 14,265 shs. Lateef Invest L P invested 3.15% of its capital in The Progressive Corporation (NYSE:PGR). The Illinois-based Northern Tru Corporation has invested 0.11% in The Progressive Corporation (NYSE:PGR). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.2% or 369,427 shs. High Pointe Capital Mngmt Ltd Liability Corporation, Illinois-based fund reported 12,935 shs. California Employees Retirement Systems holds 1.58 million shs. Patten & Patten Tn, Tennessee-based fund reported 287,795 shs. Exxonmobil Invest Mngmt Tx holds 89,144 shs. Eaton Vance stated it has 1.30 million shs. Swiss Bank has 0.18% invested in The Progressive Corporation (NYSE:PGR). Prospector Prtn invested in 1.21% or 136,200 shs.

The Progressive Corporation had 5 selling transactions and 0 insider purchases since April 25, 2018. This’s net activity of $3.03 million. Shares for $665,940 were sold by BASCH JEFFREY W on Thursday, May 17. Shares for $121,236 were sold by Broz Steven on Wednesday, April 25. On Friday, May 18 the insider Griffith Susan Patricia sold $762,804.

The Progressive Corporation (NYSE:PGR)’s earnings report is awaited by WallStreet on July, 17, Faxor reports. earnings per share of $0.94 is 59.32 % up from 2017’s $0.59 EPS. If earnings per share of $0.94 is published the profit of PGR could reach $547.43M giving it 15.93 P/E. Wall Street now predicts -22.95 % negative EPS growth despite The Progressive Corporation previous quarter’s EPS of $1.22. The stock increased 0.27% or $0.16 during the last trading session, hitting $59.91.The Progressive Corporation has volume of 183,947 shares. Since June 27, 2017 PGR has risen 47.50% and is uptrending. PGR outperformed the S&P500 by 34.93%.

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. 17 are the (NYSE:PGR)’s analyst reports since January 24, 2018 according to StockzIntelligence Inc. On Monday, May 21 Deutsche Bank maintained the shares of PGR in report with “Hold” rating. On Thursday, March 1 Sandler O’Neill maintained The Progressive Corporation (NYSE:PGR) with “Buy” rating. On Tuesday, April 17 the firm earned “Buy” rating by Sandler O’Neill. On Thursday, January 25 the firm has “Buy” rating by UBS given. On Wednesday, March 14 the firm earned “Buy” rating by Sandler O’Neill. On Wednesday, April 18 the firm earned “Equal-Weight” rating by Morgan Stanley. On Thursday, May 17 the company was downgraded by Wood. In Thursday, May 17 report Buckingham Research maintained the stock with “Underperform” rating. On Thursday, May 17 Keefe Bruyette & Woods downgraded The Progressive Corporation (NYSE:PGR) to “Hold” rating. The stock rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, April 17.

The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States.The firm is worth $34.89 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles.The P/E ratio is 22.03. This segmentÂ’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.

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

The Progressive Corporation (NYSE:PGR) Institutional Investors Chart

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