Which insiders are trading The Progressive Corporation (PGR)?

The Progressive Corporation (NYSE:PGR) is now up 57.81% compared to a 12-month low of $38.61. We have seen the price to move 1.43% higher and get settled at $60.93 on 04/16/2018. At recent session, it appeared stuck in a range of $60.46 to $61.42. This company shares are 2.86% off its target price of $62.67 and the current market capitalization stands at $35.74B. The recent change has given its price a 4.47% lead over SMA 50 and -2.88% deficit over its 52-week high. The stock witnessed -1.06% declines, 8.92% gains and 24.98% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PGR’s volatility during a week at 1.24% and during a month it has been found around 1.85%.

The Progressive Corporation (PGR) Top Holders

Institutional investors currently hold around $28.31 billion or 82.3% in PGR stock. Look at its top three institutional owners. Vanguard Group Inc owns $2.41 billion in The Progressive Corporation, which represents roughly 6.73% of the company’s market cap and approximately 8.5% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 38,769,936 shares of the stock are valued at $2.33 billion. The third largest holder is State Street Corp, which currently holds $1.59 billion worth of this stock and that ownership represents nearly 4.45% of its market capitalization.

The Progressive Corporation 13F Filings

At the end of 12/31/2017 reporting period, 342 institutional holders increased their position in The Progressive Corporation (NYSE:PGR) by some 37,874,396 shares, 268 decreased positions by 30,116,459 and 94 held positions by 403,221,016. That puts total institutional holdings at 471,211,871 shares, according to SEC filings. The stock grabbed 102 new institutional investments totaling 4,803,853 shares while 40 institutional investors sold out their entire positions totaling 9,673,997 shares.

The Progressive Corporation (NYSE:PGR) Insider Trades

Multiple company employees have indulged in significant insider trading. The Progressive Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Investment Officer Cody William M has sold 25,000 shares of The Progressive Corporation (PGR) in trading session dated Dec. 22, 2017. These shares are worth $1,402,500 and were traded at $56.1 each. The SEC filing shows that Charney M Jeffrey performed a sale of 6,000 shares. The Chief Marketing Officer disposed these shares by way of transaction on Nov. 02, 2017. The company’s shares were given away at $49.5 per share worth to an income of some $297,000 on account of Charney M Jeffrey.

Chief Marketing Officer, Charney M Jeffrey, sold 6,000 common shares of The Progressive Corporation (PGR) in the open market. In a transaction dated Oct. 20, 2017, the shares were put up for sale at an average price of $48.9, raking in a sum of $293,400. After this sale, 108,038 common shares of PGR are directly owned by the insider, with total stake valued at $6,582,755.

In the transaction dated Oct. 18, 2017, the great number of shares disposed came courtesy the Vice Pres & Chief Acct Officer; Basch Jeffrey W disposed a total of 9,000 shares at an average price of $48.23, amounting to approximately $434,070. The insider now directly owns 74,606 shares worth $4,545,744.

The Progressive Corporation (PGR) Analyst Guide

Several analysts have released their opinion on The Progressive Corporation (NYSE:PGR), with 6 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.47 average brokerage recommendation.