The Progressive Co. (NYSE:PGR) Stock Holdings Decreased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC decreased its stake in shares of The Progressive Co. (NYSE:PGR) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,821 shares of the insurance provider’s stock after selling 97 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Progressive were worth $915,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PGR. Davis Capital Management bought a new position in Progressive during the 3rd quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. raised its position in shares of Progressive by 114.1% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 137 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 73 shares in the last quarter. Kimelman & Baird LLC bought a new position in Progressive during the second quarter worth $36,000. Friedenthal Financial acquired a new position in Progressive in the third quarter worth $49,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Progressive during the third quarter valued at $49,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Progressive Price Performance

NYSE PGR opened at $238.58 on Monday. The Progressive Co. has a 1 year low of $175.50 and a 1 year high of $270.62. The company has a fifty day simple moving average of $248.27 and a 200 day simple moving average of $243.55. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The company has a market cap of $139.76 billion, a P/E ratio of 17.34, a P/E/G ratio of 0.62 and a beta of 0.41.

Progressive Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend was Friday, January 10th. Progressive’s dividend payout ratio is currently 2.91%.

Insider Transactions at Progressive

In related news, insider Andrew J. Quigg sold 681 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $242.10, for a total transaction of $164,870.10. Following the completion of the transaction, the insider now directly owns 33,612 shares in the company, valued at $8,137,465.20. This represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Susan Patricia Griffith sold 11,021 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $243.29, for a total transaction of $2,681,299.09. Following the completion of the sale, the chief executive officer now owns 473,736 shares in the company, valued at $115,255,231.44. This represents a 2.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,506 shares of company stock worth $10,531,159. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

PGR has been the topic of a number of recent research reports. Hsbc Global Res downgraded shares of Progressive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. StockNews.com upgraded Progressive from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI increased their price target on Progressive from $277.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Raymond James upgraded Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 price objective for the company in a research report on Thursday, December 26th. Finally, HSBC downgraded Progressive from a “buy” rating to a “hold” rating and set a $267.00 price objective for the company. in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $274.65.

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.