Bristol John W Co Inc Ny Lowers stake in Progressive Corp (PGR)

Progressive Corp (PGR) : Bristol John W Co Inc Ny reduced its stake in Progressive Corp by 3.88% during the most recent quarter end. The investment management company now holds a total of 2,459,799 shares of Progressive Corp which is valued at $81,050,377 after selling 99,244 shares in Progressive Corp , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Progressive Corp makes up approximately 2.14% of Bristol John W Co Inc Ny’s portfolio.

Progressive Corp opened for trading at $32.73 and hit $33.05 on the upside on Friday, eventually ending the session at $32.95, with a gain of 0.70% or 0.23 points. The heightened volatility saw the trading volume jump to 23,87,106 shares. Company has a market cap of $19,254 M.

Other Hedge Funds, Including , Fisher Asset Management reduced its stake in PGR by selling 41,126 shares or 17.49% in the most recent quarter. The Hedge Fund company now holds 194,022 shares of PGR which is valued at $6,393,025. Progressive Corp makes up approx 0.01% of Fisher Asset Management’s portfolio.Santa Fe Partners boosted its stake in PGR in the latest quarter, The investment management firm added 168 additional shares and now holds a total of 16,456 shares of Progressive Corp which is valued at $550,124. Progressive Corp makes up approx 0.09% of Santa Fe Partners’s portfolio.Carnegie Capital Asset Management boosted its stake in PGR in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 33,000 shares of Progressive Corp which is valued at $1,103,190. Progressive Corp makes up approx 0.17% of Carnegie Capital Asset Management’s portfolio.Endurance Wealth Management reduced its stake in PGR by selling 120 shares or 54.55% in the most recent quarter. The Hedge Fund company now holds 100 shares of PGR which is valued at $3,343.British Columbia Investment Management Corp reduced its stake in PGR by selling 37,459 shares or 10.23% in the most recent quarter. The Hedge Fund company now holds 328,568 shares of PGR which is valued at $11,263,311. Progressive Corp makes up approx 0.11% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Progressive Corp reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus of $0.51. The company had revenue of $5818.00 million for the quarter, compared to analysts expectations of $5788.31 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Progressive Corp. Company shares were Reiterated by Deutsche Bank on Mar 17, 2016 to “Sell”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .

The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and mutual insurance company affiliate provide personal auto insurance commercial auto and truck insurance principally for small businesses and other specialty property-casualty insurance and related services. The Company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles uninsured and underinsured bodily injury and liability to others for personal injury or property damage arising out of the use of those vehicles. Its non-insurance subsidiaries and limited partnership investment affiliate support its insurance and investment operations.

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