CWS Financial Advisors LLC Purchases 752 Shares of The Progressive Co. (NYSE:PGR)

CWS Financial Advisors LLC raised its position in shares of The Progressive Co. (NYSE:PGR) by 30.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,254 shares of the insurance provider’s stock after purchasing an additional 752 shares during the quarter. CWS Financial Advisors LLC’s holdings in Progressive were worth $780,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Webster Bank N. A. bought a new stake in shares of Progressive during the 4th quarter valued at about $26,000. Hager Investment Management Services LLC bought a new stake in shares of Progressive during the 4th quarter valued at about $28,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Progressive by 54.7% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 116 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 41 shares during the period. Valley National Advisers Inc. grew its stake in shares of Progressive by 3,000.0% during the 4th quarter. Valley National Advisers Inc. now owns 124 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 120 shares during the period. Finally, Independence Bank of Kentucky grew its stake in shares of Progressive by 1,650.0% during the 4th quarter. Independence Bank of Kentucky now owns 175 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 165 shares during the period. 85.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PGR has been the subject of a number of recent research reports. Evercore ISI boosted their price target on Progressive from $277.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Hsbc Global Res cut Progressive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. HSBC cut Progressive from a “buy” rating to a “hold” rating and set a $267.00 price objective on the stock. in a research report on Tuesday, December 10th. Raymond James raised Progressive from a “market perform” rating to an “outperform” rating and set a $305.00 price objective on the stock in a research report on Thursday, December 26th. Finally, Barclays lifted their price objective on Progressive from $261.00 to $264.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $276.12.

Progressive Stock Up 2.5 %

NYSE PGR opened at $272.91 on Tuesday. The stock has a market cap of $159.87 billion, a PE ratio of 18.95, a P/E/G ratio of 1.70 and a beta of 0.42. The Progressive Co. has a 12 month low of $186.94 and a 12 month high of $275.52. The stock’s 50 day moving average is $247.35 and its 200 day moving average is $249.74. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.64. Progressive had a return on equity of 33.79% and a net margin of 11.25%. Research analysts predict that The Progressive Co. will post 14.68 EPS for the current fiscal year.

Progressive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, January 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.15%. Progressive’s dividend payout ratio (DPR) is 2.78%.

Insider Transactions at Progressive

In other news, insider Andrew J. Quigg sold 681 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $242.10, for a total transaction of $164,870.10. Following the transaction, the insider now owns 33,612 shares of the company’s stock, valued at approximately $8,137,465.20. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mariann Wojtkun Marshall sold 191 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $242.10, for a total value of $46,241.10. Following the transaction, the chief accounting officer now directly owns 3,982 shares in the company, valued at approximately $964,042.20. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,361 shares of company stock valued at $13,983,575 in the last ninety days. Corporate insiders own 0.34% of the company’s stock.

About Progressive

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.