The Progressive Corporation (NYSE:PGR) is St. Clair Advisors LLC's 4th Largest Position

St. Clair Advisors LLC trimmed its position in shares of The Progressive Corporation (NYSE:PGR - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,021 shares of the insurance provider's stock after selling 4,170 shares during the quarter. Progressive makes up about 5.7% of St. Clair Advisors LLC's portfolio, making the stock its 4th biggest holding. St. Clair Advisors LLC's holdings in Progressive were worth $20,383,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PGR. Integrated Advisors Network LLC lifted its stake in Progressive by 1.0% in the first quarter. Integrated Advisors Network LLC now owns 3,808 shares of the insurance provider's stock worth $1,078,000 after acquiring an additional 36 shares during the last quarter. Pines Wealth Management LLC raised its holdings in shares of Progressive by 3.0% in the 1st quarter. Pines Wealth Management LLC now owns 1,287 shares of the insurance provider's stock valued at $335,000 after purchasing an additional 37 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Progressive by 2.0% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,940 shares of the insurance provider's stock worth $549,000 after purchasing an additional 38 shares during the last quarter. Beacon Financial Group grew its stake in shares of Progressive by 1.1% during the first quarter. Beacon Financial Group now owns 3,659 shares of the insurance provider's stock worth $1,036,000 after purchasing an additional 39 shares in the last quarter. Finally, Kesler Norman & Wride LLC increased its holdings in Progressive by 1.1% in the fourth quarter. Kesler Norman & Wride LLC now owns 3,695 shares of the insurance provider's stock valued at $885,000 after buying an additional 40 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Progressive Stock Performance

Shares of NYSE:PGR traded up $2.23 during trading on Friday, reaching $263.85. The company had a trading volume of 12,464,473 shares, compared to its average volume of 2,762,402. The Progressive Corporation has a fifty-two week low of $207.48 and a fifty-two week high of $292.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29. The stock's fifty day moving average price is $274.46 and its 200 day moving average price is $264.76. The firm has a market capitalization of $154.68 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.61 and a beta of 0.40.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $4.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.28 by $0.37. Progressive had a net margin of 11.10% and a return on equity of 33.50%. The company had revenue of $22.21 billion for the quarter, compared to analysts' expectations of $21.87 billion. As a group, equities research analysts predict that The Progressive Corporation will post 14.68 EPS for the current year.

Insider Transactions at Progressive

In other Progressive news, Director Stuart B. Burgdoerfer sold 3,681 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $260.43, for a total transaction of $958,642.83. Following the sale, the director now directly owns 12,217 shares in the company, valued at approximately $3,181,673.31. The trade was a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John P. Sauerland sold 10,000 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $268.59, for a total transaction of $2,685,900.00. Following the transaction, the chief financial officer now directly owns 248,024 shares in the company, valued at approximately $66,616,766.16. This trade represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock worth $8,813,048 over the last ninety days. 0.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PGR shares. Morgan Stanley set a $330.00 price objective on Progressive and gave the stock an "overweight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $288.00 target price on shares of Progressive in a research note on Thursday, April 17th. Jefferies Financial Group dropped their price target on shares of Progressive from $327.00 to $319.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their price objective on shares of Progressive from $267.00 to $287.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, UBS Group boosted their price objective on shares of Progressive from $285.00 to $291.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Progressive presently has an average rating of "Moderate Buy" and a consensus price target of $288.88.

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.