Baugh & Associates LLC Sells 50 Shares of The Progressive Co. (NYSE:PGR)

Baugh & Associates LLC trimmed its stake in The Progressive Co. (NYSE:PGR) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,650 shares of the insurance provider’s stock after selling 50 shares during the period. Baugh & Associates LLC’s holdings in Progressive were worth $419,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Graypoint LLC raised its position in shares of Progressive by 12.6% in the 3rd quarter. Graypoint LLC now owns 4,732 shares of the insurance provider’s stock worth $1,201,000 after acquiring an additional 530 shares in the last quarter. D.B. Root & Company LLC raised its position in shares of Progressive by 4.4% in the 3rd quarter. D.B. Root & Company LLC now owns 1,292 shares of the insurance provider’s stock worth $328,000 after acquiring an additional 55 shares in the last quarter. M&G PLC raised its position in shares of Progressive by 17.6% in the 3rd quarter. M&G PLC now owns 107,381 shares of the insurance provider’s stock worth $27,275,000 after acquiring an additional 16,095 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Progressive by 11.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,525 shares of the insurance provider’s stock worth $1,402,000 after acquiring an additional 562 shares in the last quarter. Finally, Catalina Capital Group LLC raised its position in shares of Progressive by 17.0% in the 3rd quarter. Catalina Capital Group LLC now owns 2,638 shares of the insurance provider’s stock worth $669,000 after acquiring an additional 384 shares in the last quarter. 85.34% of the stock is owned by institutional investors.

Insider Transactions at Progressive

In other Progressive news, insider John Jo Murphy sold 9,512 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $237.50, for a total transaction of $2,259,100.00. Following the transaction, the insider now owns 45,787 shares in the company, valued at approximately $10,874,412.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Progressive news, insider Steven Broz sold 2,981 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $251.15, for a total transaction of $748,678.15. Following the transaction, the insider now owns 26,353 shares in the company, valued at approximately $6,618,555.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Jo Murphy sold 9,512 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 45,787 shares in the company, valued at $10,874,412.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,843 shares of company stock worth $18,674,912 over the last quarter. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Bank of America upped their target price on Progressive from $319.00 to $331.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on Progressive from $242.00 to $251.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Roth Mkm upped their target price on Progressive from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Hsbc Global Res raised Progressive from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Evercore ISI upped their target price on Progressive from $277.00 to $285.00 and gave the company an “outperform” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.63.

Progressive Stock Up 4.3 %

Shares of PGR opened at $258.75 on Thursday. The Progressive Co. has a 52 week low of $149.14 and a 52 week high of $260.46. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $151.54 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.67 and a beta of 0.36. The stock’s 50-day moving average price is $251.12 and its 200-day moving average price is $227.59.

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.