Kohmann Bosshard Financial Services LLC Sells 196 Shares of The Progressive Co. (NYSE:PGR)

Kohmann Bosshard Financial Services LLC trimmed its position in The Progressive Co. (NYSE:PGR) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,404 shares of the insurance provider’s stock after selling 196 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Progressive were worth $816,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Webster Bank N. A. acquired a new stake in Progressive in the fourth quarter valued at $26,000. Hager Investment Management Services LLC acquired a new stake in Progressive in the fourth quarter valued at $28,000. Atlantic Edge Private Wealth Management LLC increased its holdings in Progressive by 54.7% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 41 shares during the period. Valley National Advisers Inc. increased its holdings in Progressive by 3,000.0% in the fourth quarter. Valley National Advisers Inc. now owns 124 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 120 shares during the period. Finally, Independence Bank of Kentucky increased its holdings in Progressive by 1,650.0% in the fourth quarter. Independence Bank of Kentucky now owns 175 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 165 shares during the period. 85.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Progressive

In other Progressive news, CAO Mariann Wojtkun Marshall sold 191 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $242.10, for a total value of $46,241.10. Following the completion of the sale, the chief accounting officer now owns 3,982 shares in the company, valued at approximately $964,042.20. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Susan Patricia Griffith sold 9,066 shares of the business’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 $2,194,878.60. Following the completion of the transaction, the chief executive officer now owns 473,736 shares in the company, valued at $114,691,485.60. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,361 shares of company stock worth $11,302,675. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PGR shares. JPMorgan Chase & Co. increased their price objective on Progressive from $251.00 to $256.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Wells Fargo & Company increased their price objective on Progressive from $313.00 to $317.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Roth Mkm increased their price target on Progressive from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods decreased their price target on Progressive from $295.00 to $294.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Hsbc Global Res downgraded Progressive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Progressive currently has an average rating of “Moderate Buy” and an average price target of $277.59.

Progressive Trading Up 1.2 %

NYSE:PGR opened at $282.02 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. The Progressive Co. has a one year low of $186.94 and a one year high of $282.40. The company has a market cap of $165.21 billion, a PE ratio of 19.58, a PEG ratio of 1.70 and a beta of 0.42. The firm has a 50-day moving average of $250.25 and a 200-day moving average of $251.11.

Progressive (NYSE:PGR) last released its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.64. Progressive had a return on equity of 33.79% and a net margin of 11.25%. As a group, equities research analysts expect that The Progressive Co. will post 14.68 EPS for the current fiscal year.

Progressive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Friday, January 10th. Progressive’s payout ratio is currently 2.78%.

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.