Sunburst Financial Group LLC bought a new stake in The Progressive Co. (NYSE:PGR – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 804 shares of the insurance provider’s stock, valued at approximately $204,000.
Other hedge funds also recently added to or reduced their stakes in the company. Davis Capital Management purchased a new position in Progressive in the third quarter worth approximately $25,000. WR Wealth Planners LLC increased its stake in Progressive by 119.6% in the 2nd quarter. WR Wealth Planners LLC now owns 123 shares of the insurance provider’s stock valued at $26,000 after buying an additional 67 shares during the period. DiNuzzo Private Wealth Inc. lifted its position in Progressive by 114.1% in the third quarter. DiNuzzo Private Wealth Inc. now owns 137 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 73 shares during the period. Hilltop National Bank grew its holdings in Progressive by 126.0% during the second quarter. Hilltop National Bank now owns 165 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 92 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Progressive in the 1st quarter valued at about $36,000. 85.34% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Progressive
In other Progressive news, insider Steven Broz sold 6,122 shares of Progressive stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $235.19, for a total transaction of $1,439,833.18. Following the sale, the insider now directly owns 32,316 shares of the company’s stock, valued at approximately $7,600,400.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Progressive news, insider Steven Broz sold 6,122 shares of Progressive stock in a transaction on Monday, August 19th. The stock was sold at an average price of $235.19, for a total transaction of $1,439,833.18. Following the completion of the transaction, the insider now directly owns 32,316 shares of the company’s stock, valued at approximately $7,600,400.04. This trade 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 can be accessed through this link. Also, Director Dyke Kahina Van sold 2,180 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $252.28, for a total transaction of $549,970.40. Following the sale, the director now owns 13,723 shares of the company’s stock, valued at $3,462,038.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 74,843 shares of company stock valued at $18,674,912. Company insiders own 0.34% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Report on Progressive
Progressive Stock Performance
PGR traded up $0.98 on Wednesday, hitting $242.66. 414,300 shares of the stock traded hands, compared to its average volume of 2,456,808. The business has a fifty day moving average price of $250.69 and a two-hundred day moving average price of $226.17. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The Progressive Co. has a 52 week low of $149.14 and a 52 week high of $260.46. The firm has a market capitalization of $142.12 billion, a PE ratio of 17.63, a P/E/G ratio of 0.67 and a beta of 0.35.
Progressive Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, October 3rd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date was Thursday, October 3rd. Progressive’s dividend payout ratio is 2.91%.
Progressive Profile
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.
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