Progressive Corp/oh/ (PGR): John A Barbagallo , Commercial Lines Grp President of Progressive Corp/oh/ sold 24,000 shares on Jul 18, 2016. The Insider selling transaction was reported by the company on Jul 20, 2016 to the Securities and Exchange Commission. The shares were sold at $33.01 per share for a total value of $792,120.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 18, 2016, Steven Broz (Chief Information Officer) sold 2,500 shares at $33.17 per share price.On Jun 30, 2016, John A Barbagallo (Commercial Lines Grp President) sold 11,000 shares at $31.50 per share price.Also, On Jun 28, 2016, Bradley T Sheares (director) sold 19,564 shares at $31.96 per share price.On May 26, 2016, M Jeffrey Charney (Chief Marketing Officer) sold 5,000 shares at $33.10 per share price.
Shares of Progressive Corp (PGR) ended Monday, Jul 18, 2016 session in red amid volatile trading. The shares closed down -0.26 points or -0.79% at $32.84 with 23,37,774 shares getting traded. Post opening the session at $33, the shares hit an intraday low of $32.8 and an intraday high of $33.09 and the price vacillated in this range throughout the day. The company has a market cap of $19,146 M and the number of outstanding shares has been calculated to be 58,29,96,530 shares. The 52-week high of Progressive Corp is $35.5399 and the 52-week low is $27.23.
Company has been under the radar of several Street Analysts.Progressive Corp is Downgraded by Citigroup to Sell. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 2, 2016.
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.