The Progressive Corporation (NYSE:PGR) Holdings Lifted by OneAscent Financial Services LLC

OneAscent Financial Services LLC boosted its position in shares of The Progressive Corporation (NYSE:PGR - Free Report) by 97.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,302 shares of the insurance provider's stock after buying an additional 3,110 shares during the quarter. OneAscent Financial Services LLC's holdings in Progressive were worth $1,786,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Highline Wealth Partners LLC grew its holdings in shares of Progressive by 114.0% during the 1st quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. TruNorth Capital Management LLC raised its stake in shares of Progressive by 210.0% during the 1st quarter. TruNorth Capital Management LLC now owns 93 shares of the insurance provider's stock worth $26,000 after purchasing an additional 63 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new stake in shares of Progressive during the 4th quarter worth about $28,000. HWG Holdings LP purchased a new stake in shares of Progressive during the 1st quarter worth about $28,000. Finally, Garde Capital Inc. acquired a new position in shares of Progressive during the 1st quarter valued at about $33,000. Institutional investors own 85.34% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays lowered their target price on Progressive from $297.00 to $287.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Wall Street Zen lowered Progressive from a "buy" rating to a "hold" rating in a report on Friday. Evercore ISI lowered Progressive from an "outperform" rating to an "in-line" rating and set a $275.00 target price on the stock. in a report on Thursday. UBS Group decreased their price objective on Progressive from $291.00 to $280.00 and set a "neutral" rating on the stock in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Progressive from $267.00 to $287.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $287.63.

Progressive Stock Down 0.3%

Shares of Progressive stock opened at $246.48 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.21. The Progressive Corporation has a 12 month low of $208.13 and a 12 month high of $292.99. The business has a fifty day simple moving average of $267.67 and a 200 day simple moving average of $265.91. The stock has a market cap of $144.49 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.37.

Progressive (NYSE:PGR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The insurance provider reported $4.88 EPS for the quarter, beating the consensus estimate of $4.43 by $0.45. Progressive had a return on equity of 35.37% and a net margin of 12.66%. The firm had revenue of $20.08 billion during the quarter, compared to analysts' expectations of $20.39 billion. During the same period in the prior year, the firm posted $2.48 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts predict that The Progressive Corporation will post 14.68 EPS for the current year.

Progressive Announces Dividend

The business also recently declared a dividend, which was paid on Friday, July 11th. Investors of record on Friday, July 4th were paid a $0.10 dividend. This represents a yield of 0.15%. The ex-dividend date was Thursday, July 3rd. Progressive's dividend payout ratio (DPR) is presently 2.25%.

Insider Transactions at Progressive

In other news, insider Steven Broz sold 1,267 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $260.38, for a total value of $329,901.46. Following the transaction, the insider owned 27,621 shares in the company, valued at approximately $7,191,955.98. The trade was a 4.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Jo Murphy sold 4,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $260.38, for a total transaction of $1,041,520.00. Following the completion of the transaction, the insider owned 41,289 shares in the company, valued at $10,750,829.82. This trade represents a 8.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,705 shares of company stock worth $11,450,948. Corporate insiders own 0.34% of the company's stock.

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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