Hl Financial Services buys $57,959,836 stake in Progressive Corp (PGR)

Progressive Corp (PGR) : Hl Financial Services scooped up 78,448 additional shares in Progressive Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,776,819 shares of Progressive Corp which is valued at $57,959,836.Progressive Corp makes up approximately 1.33% of Hl Financial Services’s portfolio.

Other Hedge Funds, Including , Pggm Investments reduced its stake in PGR by selling 364,223 shares or 28.99% in the most recent quarter. The Hedge Fund company now holds 891,956 shares of PGR which is valued at $29,095,605. Progressive Corp makes up approx 0.14% of Pggm Investments’s portfolio.Cibc World Markets boosted its stake in PGR in the latest quarter, The investment management firm added 3,477 additional shares and now holds a total of 36,890 shares of Progressive Corp which is valued at $1,219,952. Progressive Corp makes up approx 0.01% of Cibc World Markets’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in PGR in the latest quarter, The investment management firm added 5,600 additional shares and now holds a total of 18,109 shares of Progressive Corp which is valued at $602,486. Progressive Corp makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Raymond James Trust N.a. boosted its stake in PGR in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 31,578 shares of Progressive Corp which is valued at $1,063,863. Progressive Corp makes up approx 0.09% of Raymond James Trust N.a.’s portfolio.

Progressive Corp closed down -0.13 points or -0.40% at $32.51 with 31,75,816 shares getting traded on Friday. Post opening the session at $32.6, the shares hit an intraday low of $32.47 and an intraday high of $32.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Progressive Corp reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $0.32. The company had revenue of $5934.60 million for the quarter, compared to analysts expectations of $5822.68 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Progressive Corp. Progressive Corp was Downgraded by Citigroup to ” Sell” on Jun 2, 2016.

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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