Catalina Capital Group LLC Purchases 384 Shares of The Progressive Co. (NYSE:PGR)

Catalina Capital Group LLC grew its holdings in The Progressive Co. (NYSE:PGR) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,638 shares of the insurance provider’s stock after buying an additional 384 shares during the quarter. Catalina Capital Group LLC’s holdings in Progressive were worth $669,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in Progressive by 4,545.0% during the first quarter. SG Americas Securities LLC now owns 705,243 shares of the insurance provider’s stock valued at $145,858,000 after purchasing an additional 690,060 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Progressive by 548.2% in the first quarter. Canada Pension Plan Investment Board now owns 811,653 shares of the insurance provider’s stock valued at $167,866,000 after acquiring an additional 686,433 shares during the period. Capital International Investors raised its stake in Progressive by 15.7% during the first quarter. Capital International Investors now owns 4,925,019 shares of the insurance provider’s stock worth $1,018,592,000 after acquiring an additional 670,006 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Progressive by 29,701.6% during the third quarter. International Assets Investment Management LLC now owns 596,331 shares of the insurance provider’s stock valued at $151,325,000 after acquiring an additional 594,330 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Progressive in the 1st quarter valued at $116,852,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PGR has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Progressive from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Hsbc Global Res upgraded Progressive from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Roth Mkm lifted their price objective on Progressive from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. increased their target price on Progressive from $242.00 to $251.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, 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 report on Tuesday, September 10th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Progressive currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.19.

Insider Activity at Progressive

In other Progressive news, CEO Susan Patricia Griffith sold 43,370 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $252.20, for a total value of $10,937,914.00. Following the sale, the chief executive officer now directly owns 473,735 shares in the company, valued at approximately $119,475,967. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Progressive news, insider Steven Broz sold 2,981 shares of Progressive stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $251.15, for a total value of $748,678.15. Following the transaction, the insider now owns 26,353 shares of the company’s stock, valued at approximately $6,618,555.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Susan Patricia Griffith sold 43,370 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $252.20, for a total transaction of $10,937,914.00. Following the sale, the chief executive officer now owns 473,735 shares in the company, valued at approximately $119,475,967. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,843 shares of company stock worth $18,674,912. 0.34% of the stock is currently owned by company insiders.

Progressive Price Performance

Progressive stock opened at $248.07 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $145.29 billion, a P/E ratio of 18.03, a PEG ratio of 0.67 and a beta of 0.36. The business has a 50-day moving average of $250.91 and a 200-day moving average of $227.37. The Progressive Co. has a 1 year low of $149.14 and a 1 year high of $260.46.

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.