Progressive Corporation (The) (PGR) has risen sharply, recording gains of 4.06% in the past 4 weeks. However, the stock has corrected -1.75% in the past 1 week, providing a good buying opportunity on dips. Progressive Corporation (The) (PGR) : During the past 4 weeks, traders have been relatively bearish on Progressive Corporation (The) (PGR), hence the stock is down -0.3% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.2% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.38% and the 50-Day Moving Average is 0.86%.
Progressive Corporation (The) (NYSE:PGR): The stock opened at $33.56 on Friday but the bulls could not build on the opening and the stock topped out at $33.56 for the day. The stock traded down to $33.06 during the day, due to lack of any buying support eventually closed down at $33.10 with a loss of -1.08% for the day. The stock had closed at $33.46 on the previous day. The total traded volume was 2,295,779 shares.
The company Insiders own 0.6% of Progressive Corporation (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.02% . Institutional Investors own 77.19% of Progressive Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of 4.38%. In a related news, Barbagallo John A, Officer (Commercial Lines Grp President) of PROGRESSIVE CORP/OH/, unloaded 11,000 shares at an average price of $31.5 on June 28, 2016. The total amount of the transaction was worth $346,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
The Progressive Corporation is an insurance holding company. The Companys 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 Companys 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.