Baldwin Wealth Partners LLC MA Sells 78 Shares of The Progressive Co. (NYSE:PGR)

Baldwin Wealth Partners LLC MA decreased its position in shares of The Progressive Co. (NYSE:PGR) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,486 shares of the insurance provider’s stock after selling 78 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Progressive were worth $835,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PGR. Davis Capital Management bought a new stake in shares of Progressive during the 3rd quarter worth approximately $25,000. Webster Bank N. A. acquired a new position in Progressive during the fourth quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. lifted its stake in Progressive by 114.1% during the third quarter. DiNuzzo Private Wealth Inc. now owns 137 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 73 shares during the last quarter. Kimelman & Baird LLC bought a new stake in Progressive during the second quarter worth $36,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Progressive in the 3rd quarter valued at $49,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Progressive news, CFO John P. Sauerland sold 10,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $268.09, for a total transaction of $2,680,900.00. Following the transaction, the chief financial officer now owns 292,958 shares in the company, valued at approximately $78,539,110.22. This represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Susan Patricia Griffith sold 9,066 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $242.10, for a total transaction of $2,194,878.60. Following the completion of the transaction, the chief executive officer now directly owns 473,736 shares in the company, valued at $114,691,485.60. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,506 shares of company stock worth $10,531,159. 0.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America raised their price objective on Progressive from $331.00 to $335.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Wells Fargo & Company raised their price target on shares of Progressive from $299.00 to $302.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on shares of Progressive from $251.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Barclays lowered their price target on shares of Progressive from $277.00 to $261.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, Hsbc Global Res downgraded Progressive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Progressive has a consensus rating of “Moderate Buy” and a consensus target price of $274.65.

Progressive Trading Up 0.9 %

Shares of PGR stock opened at $241.08 on Monday. The company has a market cap of $141.22 billion, a P/E ratio of 17.50, a PEG ratio of 0.62 and a beta of 0.41. The Progressive Co. has a fifty-two week low of $175.50 and a fifty-two week high of $270.62. The stock has a 50 day simple moving average of $248.27 and a two-hundred day simple moving average of $243.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were given a dividend of $0.10 per share. The ex-dividend date was Friday, January 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.17%. Progressive’s payout ratio is presently 2.91%.

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.