$0.94 EPS Expected for The Progressive Corporation (PGR)

June 14, 2018 - By Bradley Stiles

The Progressive Corporation (NYSE:PGR) LogoInvestors sentiment decreased to 0.98 in 2018 Q1. Its down 0.19, from 1.17 in 2017Q4. It is negative, as 36 investors sold The Progressive Corporation shares while 231 reduced holdings. 81 funds opened positions while 180 raised stakes. 450.02 million shares or 0.77% less from 453.53 million shares in 2017Q4 were reported.
Lsv Asset holds 0.01% of its portfolio in The Progressive Corporation (NYSE:PGR) for 115,800 shares. The Illinois-based Nuveen Asset Management Lc has invested 0.01% in The Progressive Corporation (NYSE:PGR). Fiduciary Mgmt Wi owns 3.34% invested in The Progressive Corporation (NYSE:PGR) for 8.97 million shares. Company Comml Bank has 0.02% invested in The Progressive Corporation (NYSE:PGR). Jpmorgan Chase owns 11.68M shares. Highstreet Asset Mgmt holds 0% of its portfolio in The Progressive Corporation (NYSE:PGR) for 100 shares. Bb&T invested in 0.03% or 27,100 shares. Zwj Counsel has invested 1.84% in The Progressive Corporation (NYSE:PGR). Zevenbergen Capital Invs Limited Liability Corp reported 5,625 shares. 7.24 million are held by Geode Mgmt Ltd Liability Corporation. Mcf Advsr Limited Liability Company accumulated 500 shares or 0.01% of the stock. Moreover, State Of Wisconsin Inv Board has 0.09% invested in The Progressive Corporation (NYSE:PGR) for 524,243 shares. Etrade Mgmt Llc stated it has 34,854 shares or 0.07% of all its holdings. Massachusetts Financial Svcs Ma stated it has 0% in The Progressive Corporation (NYSE:PGR). Whitnell And Communication owns 0% invested in The Progressive Corporation (NYSE:PGR) for 115 shares.

Since April 25, 2018, it had 0 insider purchases, and 4 insider sales for $2.28 million activity. Sauerland John P sold 12,000 shares worth $726,240. Griffith Susan Patricia had sold 12,600 shares worth $762,804 on Friday, May 18. On Wednesday, April 25 the insider Broz Steven sold $121,236.

Analysts expect The Progressive Corporation (NYSE:PGR) to report $0.94 EPS on July, 17.They anticipate $0.35 EPS change or 59.32 % from last quarter’s $0.59 EPS. PGR’s profit would be $547.43 million giving it 16.46 P/E if the $0.94 EPS is correct. After having $1.22 EPS previously, The Progressive Corporation’s analysts see -22.95 % EPS growth. The stock decreased 1.01% or $0.63 during the last trading session, reaching $61.89. About 3.21M shares traded or 2.86% up from the average. The Progressive Corporation (NYSE:PGR) has risen 47.50% since June 14, 2017 and is uptrending. It has outperformed by 34.93% the S&P500.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 11 analysts covering Progressive (NYSE:PGR), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. Progressive had 17 analyst reports since January 24, 2018 according to SRatingsIntel. The rating was maintained by FBR Capital with “Hold” on Monday, April 16. The rating was maintained by Sandler O’Neill with “Buy” on Wednesday, March 14. The stock of The Progressive Corporation (NYSE:PGR) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Thursday, January 25 by UBS. The firm has “Buy” rating by Sandler O’Neill given on Thursday, February 15. On Wednesday, February 14 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The company was maintained on Tuesday, April 17 by Keefe Bruyette & Woods. As per Thursday, January 25, the company rating was maintained by M Partners. The firm earned “Underperform” rating on Thursday, May 17 by Buckingham Research. On Monday, May 21 the stock rating was maintained by Deutsche Bank with “Hold”.

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 $36.04 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. It has a 22.75 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.

More news for The Progressive Corporation (NYSE:PGR) were recently published by: Seekingalpha.com, which released: “Progressive gains as much as 4.6% as May EPS surges from a year ago” on June 13, 2018. Nasdaq.com‘s article titled: “5 Insurers in Focus as Fed Hikes Rate, Raises Economic View” and published on June 14, 2018 is yet another important article.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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