Analysts See $1.04 EPS for The Progressive Corporation (PGR)

March 20, 2018 - By Darrin Black

 Analysts See $1.04 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 is negative, 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.
C M Bidwell And Assoc holds 1.08% or 14,455 shares in its portfolio. Highvista Strategies invested in 6,400 shares. Mutual Of America Capital Ltd Liability Co has 0.09% invested in The Progressive Corporation (NYSE:PGR) for 115,827 shares. Shell Asset Mngmt owns 130,411 shares. Bonness Ent reported 610,608 shares. Carret Asset Mgmt Ltd invested 0.09% in The Progressive Corporation (NYSE:PGR). Pnc Services Gru invested in 0.03% or 588,881 shares. Credit Agricole S A reported 164,219 shares or 0.03% of all its holdings. Nomura Asset Mngmt Communications Ltd holds 0.05% or 80,881 shares in its portfolio. Ancora Ltd Liability Com holds 0.05% of its portfolio in The Progressive Corporation (NYSE:PGR) for 18,381 shares. Ariel Investments Ltd Company reported 0.63% of its portfolio in The Progressive Corporation (NYSE:PGR). Gotham Asset Mngmt Ltd Co holds 33,530 shares. Welch & Forbes Lc reported 53,797 shares. Mitsubishi Ufj And Banking Corporation has invested 0.11% of its portfolio in The Progressive Corporation (NYSE:PGR). Ohio-based Winfield Associates has invested 0.15% in The Progressive Corporation (NYSE:PGR).

Since October 18, 2017, it had 0 insider purchases, and 2 insider sales for $727,470 activity. Another trade for 6,000 shares valued at $293,400 was made by Charney M Jeffrey on Friday, October 20.

Analysts expect The Progressive Corporation (NYSE:PGR) to report $1.04 EPS on April, 17.They anticipate $0.37 EPS change or 55.22 % from last quarter’s $0.67 EPS. PGR’s profit would be $605.70 million giving it 15.00 P/E if the $1.04 EPS is correct. After having $0.79 EPS previously, The Progressive Corporation’s analysts see 31.65 % EPS growth. The stock increased 0.84% or $0.52 during the last trading session, reaching $62.39. About 1.53 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since March 20, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 61 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, June 14 by Wells Fargo. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) on Tuesday, June 20 with “Buy” rating. The rating was maintained by Wells Fargo with “Hold” on Wednesday, August 16. The rating was maintained by Citigroup with “Neutral” on Wednesday, October 18. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, February 14. The rating was maintained by UBS on Tuesday, September 19 with “Buy”. The stock has “Hold” rating by FBR Capital on Tuesday, July 11. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, January 10 report. JMP Securities initiated the shares of PGR in report on Wednesday, September 16 with “Market Outperform” rating. The stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given on Friday, October 14 by Citigroup.

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 $36.34 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. It has a 22.94 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.