Progressive Corporation (The) (PGR) Shares Bought by UMB Bank N A MO

UMB Bank N A MO raised its position in shares of Progressive Corporation (The) (NYSE:PGR) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,744 shares of the insurance provider’s stock after buying an additional 3,540 shares during the period. UMB Bank N A MO’s holdings in Progressive Corporation (The) were worth $3,471,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Creative Planning increased its stake in Progressive Corporation (The) by 0.4% in the second quarter. Creative Planning now owns 5,723 shares of the insurance provider’s stock worth $252,000 after buying an additional 23 shares in the last quarter. Buckingham Asset Management LLC increased its stake in Progressive Corporation (The) by 0.3% in the first quarter. Buckingham Asset Management LLC now owns 8,937 shares of the insurance provider’s stock worth $350,000 after buying an additional 25 shares in the last quarter. Financial Architects Inc increased its stake in Progressive Corporation (The) by 0.4% in the second quarter. Financial Architects Inc now owns 18,187 shares of the insurance provider’s stock worth $801,000 after buying an additional 65 shares in the last quarter. Cleararc Capital Inc. increased its stake in Progressive Corporation (The) by 0.6% in the first quarter. Cleararc Capital Inc. now owns 14,188 shares of the insurance provider’s stock worth $556,000 after buying an additional 90 shares in the last quarter. Finally, ING Groep NV increased its stake in Progressive Corporation (The) by 0.3% in the second quarter. ING Groep NV now owns 39,707 shares of the insurance provider’s stock worth $1,751,000 after buying an additional 112 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.

Progressive Corporation (NYSE:PGR) opened at 47.23 on Friday. Progressive Corporation has a 52-week low of $30.54 and a 52-week high of $48.04. The firm has a market capitalization of $27.44 billion, a PE ratio of 20.10 and a beta of 0.86. The stock’s 50 day moving average price is $45.95 and its 200 day moving average price is $41.56.

Progressive Corporation (The) (NYSE:PGR) last announced its earnings results on Tuesday, July 18th. The insurance provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.01. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.78 billion. Progressive Corporation (The) had a net margin of 5.50% and a return on equity of 15.62%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Analysts expect that Progressive Corporation will post $2.43 earnings per share for the current year.

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Several equities research analysts recently issued reports on PGR shares. Barclays PLC boosted their price objective on Progressive Corporation (The) from $39.00 to $41.00 and gave the company an “underweight” rating in a report on Friday. BidaskClub upgraded Progressive Corporation (The) from a “buy” rating to a “strong-buy” rating in a report on Friday. FBR & Co boosted their price objective on Progressive Corporation (The) from $36.00 to $40.00 and gave the company a “mkt perform” rating in a report on Tuesday, July 11th. UBS AG upgraded Progressive Corporation (The) from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Progressive Corporation (The) in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $44.93.

In related news, Director Jeffrey D. Kelly sold 20,000 shares of Progressive Corporation (The) stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $44.52, for a total value of $890,400.00. Following the completion of the transaction, the director now directly owns 59,963 shares in the company, valued at $2,669,552.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William M. Cody sold 50,000 shares of Progressive Corporation (The) stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $44.65, for a total value of $2,232,500.00. Following the completion of the transaction, the insider now owns 151,051 shares of the company’s stock, valued at $6,744,427.15. The disclosure for this sale can be found here. Insiders sold 71,100 shares of company stock valued at $3,168,605 over the last quarter. Insiders own 0.56% of the company’s stock.

About Progressive Corporation (The)

The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments.

Institutional Ownership by Quarter for Progressive Corporation (The) (NYSE:PGR)

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