The Progressive Co. (NYSE:PGR) is James Hambro & Partners LLP’s 5th Largest Position

James Hambro & Partners LLP lowered its stake in shares of The Progressive Co. (NYSE:PGR) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 529,506 shares of the insurance provider’s stock after selling 4,990 shares during the quarter. Progressive comprises 5.6% of James Hambro & Partners LLP’s portfolio, making the stock its 5th largest position. James Hambro & Partners LLP owned approximately 0.09% of Progressive worth $134,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. RFG Advisory LLC purchased a new stake in shares of Progressive in the 1st quarter worth about $538,000. &PARTNERS bought a new position in shares of Progressive during the first quarter valued at approximately $412,000. Global Assets Advisory LLC purchased a new position in shares of Progressive during the first quarter valued at approximately $2,301,000. Riverview Trust Co bought a new stake in shares of Progressive in the 1st quarter worth approximately $121,000. Finally, Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of Progressive in the 1st quarter worth approximately $206,000. 85.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Progressive

In other news, insider John Jo Murphy sold 9,512 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $237.50, for a total transaction of $2,259,100.00. Following the sale, the insider now directly owns 45,787 shares in the company, valued at $10,874,412.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John Jo Murphy sold 9,512 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $237.50, for a total transaction of $2,259,100.00. Following the completion of the transaction, the insider now directly owns 45,787 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. Also, CEO Susan Patricia Griffith sold 43,370 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $252.20, for a total value of $10,937,914.00. Following the completion of the sale, the chief executive officer now owns 473,735 shares in the company, valued at $119,475,967. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,862 shares of company stock valued at $17,926,234 over the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

Progressive Stock Performance

NYSE:PGR traded up $0.04 during mid-day trading on Monday, hitting $251.16. 699,031 shares of the company traded hands, compared to its average volume of 2,488,111. The stock’s fifty day moving average price is $248.81 and its 200-day moving average price is $224.24. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The Progressive Co. has a one year low of $149.14 and a one year high of $260.46. The firm has a market cap of $147.10 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 0.70 and a beta of 0.35.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Thursday, October 3rd. Progressive’s payout ratio is 4.09%.

Analysts Set New Price Targets

A number of research analysts have issued reports on PGR shares. Bank of America lifted their price objective on Progressive from $319.00 to $331.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of Progressive from $281.00 to $282.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. BMO Capital Markets cut their price objective on shares of Progressive from $239.00 to $237.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group lifted their target price on shares of Progressive from $262.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Roth Mkm raised their price target on shares of Progressive from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $268.81.

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.