EPS for The Progressive Corporation (PGR) Expected At $0.74

January 18, 2018 - By Migdalia James

 EPS for The Progressive Corporation (PGR) Expected At $0.74
Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.12, from 1.19 in 2017Q2. It fall, 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.
77,769 were reported by Us Commercial Bank De. 850 are owned by Whittier Tru Of Nevada. State Of New Jersey Common Pension Fund D owns 0.06% invested in The Progressive Corporation (NYSE:PGR) for 300,000 shares. 23,902 were reported by Amundi Pioneer Asset Mngmt. Smith Asset Mgmt L P owns 796,160 shares or 1.29% of their US portfolio. Alyeska Investment Gp Ltd Partnership reported 1.41M shares. Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0.01% in The Progressive Corporation (NYSE:PGR). Robeco Institutional Asset Bv has 0.18% invested in The Progressive Corporation (NYSE:PGR) for 598,032 shares. Ariel Invests Ltd holds 1.13 million shares or 0.63% of its portfolio. Royal National Bank Of Canada accumulated 1.21 million shares. Checchi Cap Advisers Limited Liability Corp holds 6,717 shares. Gotham Asset Mgmt Lc owns 33,530 shares or 0.02% of their US portfolio. Churchill Management Corp holds 0.11% or 92,532 shares. Aperio Gru Limited invested in 0.07% or 250,661 shares. Texas Permanent School Fund holds 161,262 shares or 0.1% of its portfolio.

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

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 $430.39 million giving it 19.25 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 decreased 0.44% or $0.25 during the last trading session, reaching $56.98. About 735,717 shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since January 18, 2017 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 has $60.0 highest and $25 lowest target. $44.50’s average target is -21.90% below currents $56.98 stock price. Progressive had 52 analyst reports since August 6, 2015 according to SRatingsIntel. Sandler O’Neill upgraded the stock to “Buy” rating in Tuesday, March 21 report. Barclays Capital maintained the stock with “Underweight” rating in Monday, October 16 report. Sandler O’Neill upgraded the stock to “Hold” rating in Thursday, December 17 report. Credit Suisse maintained The Progressive Corporation (NYSE:PGR) rating on Monday, September 18. Credit Suisse has “Underperform” rating and $42 target. The rating was maintained by Keefe Bruyette & Woods on Tuesday, June 20 with “Buy”. Credit Suisse downgraded The Progressive Corporation (NYSE:PGR) rating on Friday, November 6. Credit Suisse has “Underperform” rating and $29 target. The stock of The Progressive Corporation (NYSE:PGR) earned “Neutral” rating by Citigroup on Thursday, August 17. The rating was downgraded by Bernstein on Tuesday, January 19 to “Market Perform”. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) rating on Sunday, July 23. Keefe Bruyette & Woods has “Buy” rating and $4800 target. The stock of The Progressive Corporation (NYSE:PGR) has “Underweight” rating given on Friday, August 11 by Barclays Capital.

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 $33.14 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. It has a 23.93 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.

Another recent and important The Progressive Corporation (NYSE:PGR) news was published by Seekingalpha.com which published an article titled: “Progressive’s Dashboard Report – November 2017 Update” on December 20, 2017.

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