Eqis Capital Management Inc. Has $528,000 Stock Position in The Progressive Co. (NYSE:PGR)

Eqis Capital Management Inc. lifted its holdings in shares of The Progressive Co. (NYSE:PGR) by 32.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,579 shares of the insurance provider’s stock after purchasing an additional 1,361 shares during the quarter. Eqis Capital Management Inc.’s holdings in The Progressive were worth $528,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Square Asset Management LLC acquired a new position in The Progressive in the 2nd quarter valued at $25,000. Baystate Wealth Management LLC lifted its holdings in shares of The Progressive by 62.8% during the 2nd quarter. Baystate Wealth Management LLC now owns 389 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 150 shares during the period. First Financial Corp IN lifted its holdings in The Progressive by 31.1% during the 3rd quarter. First Financial Corp IN now owns 464 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 110 shares during the last quarter. Cerebellum GP LLC bought a new position in The Progressive during the 3rd quarter valued at about $63,000. Finally, WASHINGTON TRUST Co lifted its holdings in The Progressive by 180.0% during the 2nd quarter. WASHINGTON TRUST Co now owns 966 shares of the insurance provider’s stock valued at $75,000 after purchasing an additional 621 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Shares of NYSE PGR opened at $93.14 on Friday. The stock has a market cap of $54.54 billion, a P/E ratio of 10.82, a P/E/G ratio of 2.11 and a beta of 0.54. The firm has a 50 day moving average price of $95.41 and a 200 day moving average price of $87.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.44 and a current ratio of 0.51. The Progressive Co. has a 52-week low of $62.18 and a 52-week high of $102.05.

In other The Progressive news, insider Michael D. Sieger sold 2,700 shares of The Progressive stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $95.00, for a total value of $256,500.00. Following the transaction, the insider now owns 49,129 shares of the company’s stock, valued at $4,667,255. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Susan Patricia Griffith sold 33,750 shares of The Progressive stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $94.94, for a total transaction of $3,204,225.00. Following the completion of the transaction, the chief executive officer now directly owns 455,314 shares in the company, valued at approximately $43,227,511.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,628 shares of company stock valued at $8,273,893. Corporate insiders own 0.38% of the company’s stock.

Several equities research analysts have weighed in on PGR shares. Argus cut shares of The Progressive from a “buy” rating to a “hold” rating in a research report on Thursday, August 13th. Benchmark cut shares of The Progressive from a “buy” rating to a “hold” rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods cut shares of The Progressive from a “market perform” rating to an “underperform” rating and set a $87.00 price objective for the company. in a research report on Tuesday, September 22nd. Barclays started coverage on shares of The Progressive in a research report on Tuesday, November 17th. They issued an “underweight” rating and a $87.00 price objective for the company. Finally, Morgan Stanley cut shares of The Progressive from an “overweight” rating to an “equal weight” rating and set a $102.00 price objective for the company. in a research report on Thursday, October 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $91.42.

The Progressive Profile

The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles.

Recommended Story: What is Cost of Goods Sold (COGS)?

Institutional Ownership by Quarter for The Progressive (NYSE:PGR)

Receive News & Ratings for The Progressive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Progressive and related companies with MarketBeat.com's FREE daily email newsletter.