532 Shares in The Progressive Co. (NYSE:PGR) Acquired by Hara Capital LLC

Hara Capital LLC acquired a new stake in The Progressive Co. (NYSE:PGR) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 532 shares of the insurance provider’s stock, valued at approximately $135,000.

Several other large investors have also recently added to or reduced their stakes in PGR. Rehmann Capital Advisory Group acquired a new stake in shares of Progressive during the 1st quarter valued at about $272,000. Csenge Advisory Group bought a new stake in Progressive in the first quarter worth approximately $270,000. Manchester Capital Management LLC increased its stake in shares of Progressive by 8.6% during the 1st quarter. Manchester Capital Management LLC now owns 2,477 shares of the insurance provider’s stock worth $512,000 after purchasing an additional 197 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Progressive by 12.7% during the 1st quarter. Advisory Services Network LLC now owns 17,880 shares of the insurance provider’s stock worth $3,698,000 after purchasing an additional 2,016 shares during the last quarter. Finally, CFO4Life Group LLC bought a new position in shares of Progressive during the 1st quarter valued at $211,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Buying and Selling at Progressive

In related news, insider John Jo Murphy sold 9,512 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $237.50, for a total value of $2,259,100.00. Following the sale, the insider now directly owns 45,787 shares in the company, valued at $10,874,412.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Progressive news, insider John Jo Murphy sold 9,512 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $237.50, for a total value of $2,259,100.00. Following the completion of the sale, the insider now directly owns 45,787 shares in the company, valued at $10,874,412.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Broz sold 6,122 shares of Progressive stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $235.19, for a total value of $1,439,833.18. Following the transaction, the insider now owns 32,316 shares in the company, valued at $7,600,400.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,843 shares of company stock worth $18,674,912. Insiders own 0.34% of the company’s stock.

Progressive Trading Down 0.9 %

Shares of NYSE PGR traded down $2.36 during midday trading on Thursday, hitting $256.39. The stock had a trading volume of 356,185 shares, compared to its average volume of 2,462,560. The firm has a market cap of $150.16 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 0.67 and a beta of 0.36. The Progressive Co. has a fifty-two week low of $149.14 and a fifty-two week high of $260.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The company’s 50-day simple moving average is $251.12 and its 200 day simple moving average is $227.59.

Analyst Ratings Changes

PGR has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Progressive from $242.00 to $251.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Hsbc Global Res raised Progressive from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Jefferies Financial Group upped their price objective on shares of Progressive from $257.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Roth Mkm raised their target price on Progressive from $270.00 to $290.00 and gave the company a “buy” rating in a report on Monday, September 16th. Finally, The Goldman Sachs Group raised their price objective on shares of Progressive from $262.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $265.63.

About Progressive

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.