Warren Street Wealth Advisors LLC Has $270,000 Stock Holdings in The Progressive Co. (NYSE:PGR)

Warren Street Wealth Advisors LLC grew its stake in shares of The Progressive Co. (NYSE:PGR) by 15.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,128 shares of the insurance provider’s stock after acquiring an additional 154 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in Progressive were worth $270,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Raleigh Capital Management Inc. lifted its position in Progressive by 20.9% during the third quarter. Raleigh Capital Management Inc. now owns 237 shares of the insurance provider’s stock worth $60,000 after purchasing an additional 41 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in shares of Progressive by 54.7% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock valued at $28,000 after buying an additional 41 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of Progressive by 16.5% during the 3rd quarter. LRI Investments LLC now owns 296 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 42 shares during the period. SYM FINANCIAL Corp boosted its position in shares of Progressive by 2.8% during the 4th quarter. SYM FINANCIAL Corp now owns 1,602 shares of the insurance provider’s stock worth $384,000 after acquiring an additional 44 shares in the last quarter. Finally, Castleview Partners LLC increased its stake in Progressive by 2.7% in the third quarter. Castleview Partners LLC now owns 1,712 shares of the insurance provider’s stock valued at $434,000 after acquiring an additional 45 shares during the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Progressive

In related news, CFO John P. Sauerland sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $268.09, for a total transaction of $2,680,900.00. Following the transaction, the chief financial officer now directly owns 292,958 shares of the company’s stock, valued at approximately $78,539,110.22. This represents a 3.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew J. Quigg sold 681 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $242.10, for a total value of $164,870.10. Following the transaction, the insider now directly owns 33,612 shares in the company, valued at $8,137,465.20. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,361 shares of company stock worth $13,983,575 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Progressive Stock Performance

NYSE PGR opened at $256.66 on Thursday. The company has a market capitalization of $150.35 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.64 and a beta of 0.42. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.27. The Progressive Co. has a twelve month low of $180.72 and a twelve month high of $270.62. The stock has a fifty day simple moving average of $244.86 and a 200 day simple moving average of $246.57.

Progressive (NYSE:PGR) last issued its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.64. Progressive had a return on equity of 33.79% and a net margin of 11.25%. Sell-side analysts expect that The Progressive Co. will post 14.44 EPS for the current year.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, January 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.16%. Progressive’s payout ratio is currently 2.78%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PGR shares. Barclays cut their target price on Progressive from $277.00 to $261.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. TD Cowen upped their price objective on Progressive from $197.00 to $237.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets decreased their target price on Progressive from $273.00 to $267.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Hsbc Global Res cut shares of Progressive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price target on shares of Progressive from $302.00 to $313.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.71.

Progressive Company 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.