Revenue Update on Progressive Corp(NYSE:PGR)

Progressive Corp(NYSE:PGR) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Apr 14, 2016. Company reported revenue of $5.32B. Analysts estimated a revenue of $5.67B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.50.

In a different note, On Mar 17, 2016, Goldman Sachs said it Maintains its rating on Progressive Corp. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Sell’ by the firm. On Mar 16, 2016, Credit Suisse said it Maintains its rating on Progressive Corp. In the research note, the firm Raises the price-target to $29.00 per share. The shares have been rated ‘Underperform’ by the firm. On Jan 19, 2016, Bernstein said it Downgrades its rating on Progressive Corp. The shares have been rated ‘Market Perform’ by the firm.

Progressive Corp (PGR) made into the market gainers list on Mondays trading session with the shares advancing 0.87% or 0.29 points. Due to strong positive momentum, the stock ended at $33.72, which is also near the day’s high of $33.72. The stock began the session at $33.37 and the volume stood at 38,37,861 shares. The 52-week high of the shares is $35.5399 and the 52 week low is $26.44. The company has a current market capitalization of $19,704 M and it has 58,43,28,060 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, John F Auer (CEO) purchased 50,000 shares at $30.28 per share price.Also, On Jan 5, 2016, Michael D Sieger (Claims President) purchased 18 shares at $26.46 per share price.On Aug 11, 2015, M Jeffrey Charney (Chief Marketing Officer) sold 4,500 shares at $30.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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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