Analysts See $1.01 EPS for The Progressive Corporation (PGR)

September 15, 2018 - By Hannah Black

The Progressive Corporation (NYSE:PGR) LogoInvestors sentiment increased to 1.39 in Q2 2018. Its up 0.41, from 0.98 in 2018Q1. It is positive, as 32 investors sold The Progressive Corporation shares while 181 reduced holdings. 64 funds opened positions while 233 raised stakes. 449.60 million shares or 0.09% less from 450.02 million shares in 2018Q1 were reported.
California State Teachers Retirement Systems reported 941,403 shares. Cadence Capital Ltd Liability has 0.1% invested in The Progressive Corporation (NYSE:PGR) for 28,921 shares. Rothschild Il holds 40,000 shares or 0.3% of its portfolio. Nelson Van Denburg And Campbell Wealth Mngmt Gp Lc invested 0.09% of its portfolio in The Progressive Corporation (NYSE:PGR). 30,101 were reported by Wealthfront. Veritable Limited Partnership holds 0.05% or 39,723 shares. Transamerica Financial invested in 6,140 shares. 45,550 were accumulated by Oakbrook Limited Liability Company. Envestnet Asset Mngmt holds 0% or 17,334 shares. Dekabank Deutsche Girozentrale holds 1.44 million shares. Barbara Oil owns 11,600 shares. Weik Cap Mgmt holds 3.28% or 112,755 shares in its portfolio. 11,892 were reported by Advisor Prtnrs Lc. Schwab Charles Mngmt Incorporated reported 0.09% stake. Signalpoint Asset Limited invested in 0.4% or 13,837 shares.

Since April 25, 2018, it had 0 buys, and 11 sales for $9.25 million activity. On Thursday, June 14 Sauerland John P sold $748,800 worth of The Progressive Corporation (NYSE:PGR) or 12,000 shares. $452,296 worth of stock was sold by Murphy John Jo on Tuesday, July 17. The insider BASCH JEFFREY W sold 11,000 shares worth $665,940. $137,724 worth of The Progressive Corporation (NYSE:PGR) was sold by Broz Steven on Thursday, July 19. CODY WILLIAM M had sold 50,000 shares worth $3.35 million on Monday, August 20.

Analysts expect The Progressive Corporation (NYSE:PGR) to report $1.01 EPS on October, 16.They anticipate $0.60 EPS change or 146.34 % from last quarter’s $0.41 EPS. PGR’s profit would be $588.93 million giving it 16.89 P/E if the $1.01 EPS is correct. After having $1.19 EPS previously, The Progressive Corporation’s analysts see -15.13 % EPS growth. The stock decreased 0.73% or $0.5 during the last trading session, reaching $68.24. About 3.93M shares traded or 17.96% up from the average. The Progressive Corporation (NYSE:PGR) has risen 46.76% since September 15, 2017 and is uptrending. It has outperformed by 31.14% the S&P500.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 9 analysts covering Progressive (NYSE:PGR), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Progressive had 14 analyst reports since April 16, 2018 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. FBR Capital maintained The Progressive Corporation (NYSE:PGR) rating on Monday, April 16. FBR Capital has “Hold” rating and $5400 target. Wood downgraded the shares of PGR in report on Thursday, May 17 to “Market Perform” rating. The firm earned “Equal-Weight” rating on Wednesday, July 18 by Morgan Stanley. The rating was maintained by Deutsche Bank on Monday, May 21 with “Hold”. The rating was maintained by Citigroup with “Neutral” on Thursday, July 12. The stock has “Neutral” rating by FBR Capital on Tuesday, August 7. Sandler O’Neill maintained The Progressive Corporation (NYSE:PGR) rating on Tuesday, April 17. Sandler O’Neill has “Buy” rating and $6900 target. The rating was maintained by FBR Capital on Monday, July 16 with “Neutral”. As per Thursday, May 17, the company rating was maintained by Buckingham Research.

The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company has market cap of $39.79 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. It has a 18.06 P/E ratio. This segmentÂ’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.

Another recent and important The Progressive Corporation (NYSE:PGR) news was published by Benzinga.com which published an article titled: “10 Biggest Price Target Changes For Friday” on September 14, 2018.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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