The Progressive Corporation (PGR) Trades at $59.93 Forming Multiple Top Chart Pattern

June 27, 2018 - By Carey Conley

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 dived. 180 grew positions while 81 funds amassed positions. Funds hold 450.02 million shares thus 0.77% less from 2017Q4’s 453.53 million shares.
Oppenheimer Asset Management Inc holds 0.26% of its capital in The Progressive Corporation (NYSE:PGR) for 169,619 shs. 2,202 were accumulated by First Personal Fincl Serv. Natl Pension Service reported 560,139 shs. State Of Tennessee Treasury Department owns 0.18% invested in The Progressive Corporation (NYSE:PGR) for 573,284 shs. Moreover, Cornerstone Advsr has 0.14% invested in The Progressive Corporation (NYSE:PGR) for 3,389 shs. Thompson Siegel And Walmsley Ltd Liability accumulated 1.66M shs. Teacher Retirement Sys Of Texas has 933,369 shs for 0.38% of their capital. Moreover, Pnc Financial Svcs Grp Inc Inc has 0.03% invested in The Progressive Corporation (NYSE:PGR). Moreover, Hennessy Advisors has 0.19% invested in The Progressive Corporation (NYSE:PGR) for 93,060 shs. Nomura Hldg stated it has 0.01% in The Progressive Corporation (NYSE:PGR). Barbara Oil invested in 0.46% or 11,600 shs. Donaldson Capital Mngmt Limited Liability Corp invested 0.02% of its capital in The Progressive Corporation (NYSE:PGR). Morgan Stanley accumulated 685,878 shs or 0.01% of the stock. Hancock Holdings has invested 0.06% in The Progressive Corporation (NYSE:PGR). Barclays Public Limited Co invested in 1.13M shs.

The Progressive Corporation registered $3.03 million net activity with 0 buys and 5 sales since April 25, 2018. BASCH JEFFREY W also sold $665,940 worth of The Progressive Corporation (NYSE:PGR) shs. On Wednesday, April 25 Shares for $121,236 were sold by Broz Steven. On Friday, May 18 Griffith Susan Patricia sold $762,804 worth of The Progressive Corporation (NYSE:PGR).

The Progressive Corporation (PGR) chart reviews a multiple top chart setup with $64.13 target. That’s 7.00 % above today’s $59.93 share price. Finviz.com reported this chart setup on Jun, 27. At $64.13 stock target, the company valuation changes by $2.44 billion more.

Ticker’s shares touched $59.93 during the last trading session after 0.30% change.The Progressive Corporation has volume of 205,841 shares. Since June 27, 2017 PGR has risen 47.50% and is uptrending. PGR outperformed the S&P 500 by 34.93%.

The Progressive Corporation (NYSE:PGR)’s quarterly earnings will be published on July, 17., according to RTT. The EPS diference is $0.35 or 59.32 % up from last years number. Previous year: $0.59; Analysts forcast: $0.94. PGR’s profit could be $547.44 million with 15.94 P/E in case $0.94 EPS is published. After $1.22 EPS report last quarter, Wall Street now forecasts -22.95 % negative EPS growth of The Progressive Corporation.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

A total of 11 analysts rate Progressive (NYSE:PGR) as follows: 4 “Buy”, 6 “Hold” and 1 “Sell”. Тherefore 36% are bullish. The firm has $6900 highest and $52 lowest target. The avg target $59.90 is -0.05% below the last ($59.93) price. (NYSE:PGR) has 17 ratings reports on Jun 27, 2018 according to StockzIntelligence. The stock rating was downgraded by Wood to “Market Perform” on Thursday, May 17. On Wednesday, March 14 the firm has “Buy” rating by Sandler O’Neill given. The company rating was maintained by Deutsche Bank on Monday, May 21. In Thursday, January 25 report UBS maintained the stock with “Buy” rating. On Thursday, January 25 the rating was maintained by M Partners with “Buy”. On Monday, April 16 the stock of The Progressive Corporation (NYSE:PGR) has “Hold” rating given by FBR Capital. The stock rating was maintained by Sandler O’Neill with “Buy” on Thursday, March 1. On Thursday, May 17 the stock of The Progressive Corporation (NYSE:PGR) earned “Hold” rating by Keefe Bruyette & Woods. On Thursday, May 17 the stock of The Progressive Corporation (NYSE:PGR) has “Underperform” rating given by Buckingham Research. On Wednesday, March 14 the rating was maintained by Keefe Bruyette & Woods with “Buy”.

There’s an important The Progressive Corporation (NYSE:PGR) news published 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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