Progressive Corporation (the (NYSE:PGR) Shorts Decreased By 11.42%

The Progressive Corporation (NYSE:PGR) Corporate Logo

During Q4 2018 the big money sentiment increased to 1.08. That’s change of 0.01, from 2018Q3’s 1.07. 37 investors sold all, 236 reduced holdings as The Progressive Corporation ratio improved. 202 increased holdings while 93 funds took holdings. Funds hold 458.35 million shares thus 2.33% more from 2018Q3’s 447.91 million shares.
Moreover, Great West Life Assurance Can has 0.16% invested in The Progressive Corporation (NYSE:PGR). Cubic Asset Limited Liability invested 0.15% in The Progressive Corporation (NYSE:PGR). Duncker Streett And Company, a Missouri-based fund reported 6,675 shs. Meeder Asset Management has invested 0.62% in The Progressive Corporation (NYSE:PGR). First Hawaiian Bank & Trust holds 0.1% or 27,108 shs in its capital. Charles Schwab Inv reported 2.34 million shs. Alliancebernstein L P holds 0.5% or 11.17 million shs in its capital. Amundi Pioneer Asset Management reported 2.48 million shs. Contravisory Investment Management reported 102,492 shs stake. C M Bidwell & Assoc holds 8,105 shs or 0.53% of its capital. Bridges Investment Management holds 6,774 shs. Ancora Advsrs Lc stated it has 16,591 shs or 0.05% of all its holdings. Jnba Fincl has invested 0% in The Progressive Corporation (NYSE:PGR). Mufg Americas Holdg reported 1,314 shs or 0% of all its holdings. California-based Lpl has invested 0.01% in The Progressive Corporation (NYSE:PGR).

The Progressive Corporation had 6 selling transactions and 2 insider buys since October 26, 2018. This’s net activity of $9.46 million. 292 shs were bought by Snyder Barbara R, worth $19,663. Sauerland John P sold 12,000 shs worth $783,240. $1.20 million worth of The Progressive Corporation (NYSE:PGR) shs were sold by Charney M Jeffrey. Griffith Susan Patricia also sold $817,362 worth of The Progressive Corporation (NYSE:PGR) shs.

Change of 11.42% for Progressive Corporation (the (NYSE:PGR)’s shorted shares was noted. It was announced in March by FINRA the 8.00 million shorted shares on PGR. That’s 11.42% down from 9.03M shares. Progressive Corporation (the (NYSE:PGR) has 3.84M shares average volume. It’ll cost 2 days for PGR to restore its former position. Progressive Corporation (the’s shorted shares float is 1.38%.

PGR is hitting $72.27 during the last trading session, after increased 0.07%.The Progressive Corporation has volume of 2.44M shares. Since March 10, 2018 PGR has risen 25.82% and is uptrending. PGR outperformed by 21.45% the S&P 500.

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 firm is valued at $42.20 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles.The P/E ratio is 16.35. This segment’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

A total of 8 analysts rate Progressive (NYSE:PGR) as follows: 5 “Buy”, 3 “Hold” and 0 “Sell”. ?herefore 63% are bullish. (NYSE:PGR) has 12 ratings reports on Mar 10, 2019 according to StockzIntelligence. On Thursday, February 28 the firm has “Hold” rating given by Wells Fargo. On Friday, October 12 Citigroup maintained the shares of PGR in report with “Neutral” rating. On Monday, October 8 the stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given by FBR Capital. The stock rating was upgraded by Barclays Capital to “Overweight” on Wednesday, January 9. In Wednesday, October 17 report Raymond James maintained it with “Strong Buy” rating and $85 target. On Tuesday, December 11 the firm has “Buy” rating given by FBR Capital. On Friday, September 14 Citigroup maintained The Progressive Corporation (NYSE:PGR) with “Neutral” rating. On Thursday, March 7 the firm has “Outperform” rating by Credit Suisse given. On Wednesday, November 7 the rating was upgraded by Morgan Stanley to “Overweight”. On Thursday, February 14 the firm has “Neutral” rating given by Citigroup.

A couple more The Progressive Corporation (NYSE:PGR) news were brought out by: Seekingalpha.com which released on February 28, 2019 “Progressive’s Dashboard Report: January 2019 Update – Seeking Alpha”, also on February 08, 2019 brought out “7 Fundamentally Sound Dividend Stocks to Buy – Yahoo Finance”, the next Globenewswire.com is “New Research: Key Drivers of Growth for PayPal, Twilio, TransUnion, Wynn Resorts, The Progressive, and 3M — Factors of Influence, Major Initiatives and Sustained Production – GlobeNewswire” on February 27, 2019. Seekingalpha.com has article titled “Progressive’s Dashboard Report: December 2018 Update – Seeking Alpha”.

The Progressive Corporation (NYSE:PGR) Institutional Investors Chart

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