Analysts See $0.74 EPS for The Progressive Corporation (PGR)

December 26, 2017 - By Kurt Siggers

 Analysts See $0.74 EPS for The Progressive Corporation (PGR)
Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.12, from 1.19 in 2017Q2. It dropped, as 43 investors sold The Progressive Corporation shares while 189 reduced holdings. 63 funds opened positions while 185 raised stakes. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported.
Wells Fargo Mn owns 6.78M shares. Exxonmobil Inv Management Incorporated Tx reported 106,263 shares. Highbridge Capital Ltd has 0.07% invested in The Progressive Corporation (NYSE:PGR). The Texas-based Tctc Holdings Limited Co has invested 0.02% in The Progressive Corporation (NYSE:PGR). Liberty Mutual Asset Mgmt has 0.07% invested in The Progressive Corporation (NYSE:PGR). Bb&T Secs Ltd Liability Company has invested 0% in The Progressive Corporation (NYSE:PGR). Beck Mack And Oliver Ltd Com has 0.04% invested in The Progressive Corporation (NYSE:PGR). Private Advisor Group Limited Com owns 0.03% invested in The Progressive Corporation (NYSE:PGR) for 25,783 shares. Ajo Ltd Partnership has invested 0.01% in The Progressive Corporation (NYSE:PGR). Blackrock has invested 0.09% of its portfolio in The Progressive Corporation (NYSE:PGR). Zwj Investment Counsel Inc has invested 0.03% in The Progressive Corporation (NYSE:PGR). Proshare Advsr Ltd Com reported 189,330 shares. High Pointe Cap Mngmt Ltd Limited Liability Company stated it has 0.96% of its portfolio in The Progressive Corporation (NYSE:PGR). Creative Planning invested in 8,097 shares or 0% of the stock. Pitcairn Communication invested in 9,735 shares.

Since August 17, 2017, it had 0 insider buys, and 5 sales for $4.92 million activity. The insider Charney M Jeffrey sold 6,000 shares worth $293,400. 35,000 shares were sold by Griffith Susan Patricia, worth $1.70M on Thursday, August 17. 1,250 The Progressive Corporation (NYSE:PGR) shares with value of $60,913 were sold by Broz Steven. Sauerland John P had sold 50,000 shares worth $2.43M on Thursday, August 17.

Analysts expect The Progressive Corporation (NYSE:PGR) to report $0.74 EPS on January, 24.They anticipate $0.12 EPS change or 19.35 % from last quarter’s $0.62 EPS. PGR’s profit would be $430.38 million giving it 18.95 P/E if the $0.74 EPS is correct. After having $0.41 EPS previously, The Progressive Corporation’s analysts see 80.49 % EPS growth. The stock increased 0.52% or $0.29 during the last trading session, reaching $56.09. About 1.71M shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since December 26, 2016 and is uptrending. It has outperformed by 9.53% the S&P500.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 18 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Progressive had 52 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Monday, November 16 by Goldman Sachs. The stock has “Hold” rating by Sandler O’Neill on Thursday, December 17. As per Thursday, May 18, the company rating was upgraded by Deutsche Bank. The stock of The Progressive Corporation (NYSE:PGR) earned “Hold” rating by Wells Fargo on Wednesday, April 19. The rating was maintained by FBR Capital with “Hold” on Tuesday, July 11. The stock has “Neutral” rating by Citigroup on Wednesday, October 18. On Tuesday, January 19 the stock rating was downgraded by Bernstein to “Market Perform”. The firm has “Mkt Perform” rating given on Friday, September 16 by Keefe Bruyette & Woods. The rating was maintained by FBR Capital with “Mkt Perform” on Wednesday, May 10. The stock of The Progressive Corporation (NYSE:PGR) earned “Hold” rating by Wells Fargo on Wednesday, June 14.

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 $32.62 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. It has a 23.56 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 important recent The Progressive Corporation (NYSE:PGR) news were published by: Crainscleveland.com which released: “Progressive Corp. CEO Tricia Griffith is thinking big” on November 30, 2017, also Seekingalpha.com published article titled: “Progressive’s Dashboard Report – November 2017 Update”, Crainscleveland.com published: “Progressive pitches its culture amid hiring quest” on December 17, 2017. More interesting news about The Progressive Corporation (NYSE:PGR) was released by: Streetinsider.com and their article: “Progressive Corp. (PGR) PT Raised to $65 at MKM Partners; Reiterates Buy” with publication date: December 14, 2017.

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