Progressive Corp/oh/ (PGR): John A Barbagallo , Commercial Lines Grp President of Progressive Corp/oh/ sold 11,000 shares on Jun 28, 2016. The Insider selling transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were sold at $31.50 per share for a total value of $346,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on 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.Also, 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.
Progressive Corp: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Progressive Corp which led to swings in the share price. The shares opened for trading at $32.16 and hit $32.685 on the upside , eventually ending the session at $32.63, with a gain of 2.06% or 0.66 points. The heightened volatility saw the trading volume jump to 35,72,639 shares. The 52-week high of the share price is $35.5399 and the company has a market cap of $19,023 M . The 52-week low of the share price is at $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.