Progressive Corp/oh/ (PGR): M Jeffrey Charney , Chief Marketing Officer of Progressive Corp/oh/ sold 5,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $33.10 per share for a total value of $165,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 3, 2016, John F Auer (CEO) purchased 50,000 shares at $30.28 per share price.On Jan 5, 2016, Michael D Sieger (Claims President) purchased 18 shares at $26.46 per share price.Also, On Aug 11, 2015, M Jeffrey Charney (Chief Marketing Officer) sold 4,500 shares at $30.50 per share price.On Jul 21, 2015, Raymond M Voelker (Chief Information Officer) sold 13,000 shares at $31.22 per share price.
Shares of Progressive Corp (PGR) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.23 points or -0.69% at $33.26 with 26,51,302 shares getting traded. Post opening the session at $33.52, the shares hit an intraday low of $33.22 and an intraday high of $33.58 and the price vacillated in this range throughout the day. The company has a market cap of $19,390 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 $26.88.
Company has been under the radar of several Street Analysts.Progressive Corp is Reiterated by Deutsche Bank to Sell and the brokerage firm has raised the Price Target to $ 29 from a previous price target of $28 .The Rating was issued on Mar 17, 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.