Chicago Partners Investment Group LLC Increases Stock Position in The Progressive Co. (NYSE:PGR)

Chicago Partners Investment Group LLC raised its holdings in The Progressive Co. (NYSE:PGR) by 17.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,308 shares of the insurance provider’s stock after purchasing an additional 191 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Progressive were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Davis Capital Management purchased a new stake in shares of Progressive during the 3rd quarter worth approximately $25,000. WR Wealth Planners LLC boosted its stake in shares of Progressive by 119.6% during the 2nd quarter. WR Wealth Planners LLC now owns 123 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 67 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its stake 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 worth $35,000 after acquiring an additional 73 shares in the last quarter. Hilltop National Bank boosted its stake in shares of Progressive by 126.0% during the 2nd quarter. Hilltop National Bank now owns 165 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 92 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Progressive during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Progressive Stock Up 2.7 %

Shares of NYSE PGR opened at $248.07 on Wednesday. The Progressive Co. has a 52-week low of $149.14 and a 52-week high of $260.46. The firm has a fifty day moving average of $250.91 and a 200-day moving average of $227.37. The stock has a market capitalization of $145.29 billion, a PE ratio of 18.03, a P/E/G ratio of 0.67 and a beta of 0.36. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30.

Insider Activity

In other news, Director Dyke Kahina Van sold 2,180 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $252.28, for a total transaction of $549,970.40. Following the completion of the sale, the director now directly owns 13,723 shares of the company’s stock, valued at $3,462,038.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider John Jo Murphy sold 9,512 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $237.50, for a total value of $2,259,100.00. Following the completion of the sale, the insider now owns 45,787 shares in the company, valued at approximately $10,874,412.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dyke Kahina Van sold 2,180 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $252.28, for a total value of $549,970.40. Following the completion of the sale, the director now owns 13,723 shares of the company’s stock, valued at approximately $3,462,038.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,843 shares of company stock valued at $18,674,912 in the last ninety days. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

PGR has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on Progressive from $257.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Piper Sandler lifted their price objective on Progressive from $250.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. StockNews.com downgraded Progressive from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Bank of America lifted their price objective on Progressive from $319.00 to $331.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Evercore ISI lifted their price objective on Progressive from $243.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $263.19.

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.