Congress Asset Management Company Trimmed Progressive Ohio Com (PGR) Position By $2.17 Million; Cbre Clarion Securities Cut Kite Realty Group Trust (KRG) Holding By $12.27 Million

August 12, 2018 - By Victoria Pittman

Kite Realty Group Trust (NYSE:KRG) Logo

Congress Asset Management Company decreased Progressive Corp Ohio Com (PGR) stake by 3.76% reported in 2018Q1 SEC filing. Congress Asset Management Company sold 36,093 shares as Progressive Corp Ohio Com (PGR)’s stock rose 5.95%. The Congress Asset Management Company holds 924,768 shares with $56.35M value, down from 960,861 last quarter. Progressive Corp Ohio Com now has $36.37B valuation. The stock decreased 0.16% or $0.1 during the last trading session, reaching $62.44. About 2.45M shares traded. The Progressive Corporation (NYSE:PGR) has risen 47.50% since August 12, 2017 and is uptrending. It has outperformed by 34.93% the S&P500. Some Historical PGR News: 17/04/2018 – Progressive 1Q Rev $7.43B; 16/05/2018 – PROGRESSIVE APRIL COMBINED RATIO 89.9% :PGR US; 17/04/2018 – PROGRESSIVE 1Q NET PREMIUMS EARNED $7.17B; 12/03/2018 – FEDEX CORP – GRIFFITH CURRENTLY SERVES AS PRESIDENT & CEO & DIRECTOR OF PROGRESSIVE CORPORATION; 17/04/2018 – Progressive 1Q Combined Ratio 88.4%; 17/04/2018 – PROGRESSIVE 1Q NET PREMIUMS WRITTEN $7.97B; 17/04/2018 – PROGRESSIVE CORP – QTRLY SHR $1.22; 14/03/2018 – REG-Progressive Reports February 2018 Results; 17/04/2018 – PROGRESSIVE CORP- QTRLY NET PREMIUMS WRITTEN WERE $7,968.8 MLN VS $6,491.0 MLN; 17/04/2018 – CORRECT: PROGRESSIVE 1Q EPS $1.22

Cbre Clarion Securities Llc decreased Kite Realty Group Trust (KRG) stake by 81.67% reported in 2018Q1 SEC filing. Cbre Clarion Securities Llc sold 818,146 shares as Kite Realty Group Trust (KRG)’s stock declined 2.26%. The Cbre Clarion Securities Llc holds 183,600 shares with $2.80 million value, down from 1.00 million last quarter. Kite Realty Group Trust now has $1.43B valuation. The stock decreased 0.36% or $0.06 during the last trading session, reaching $16.64. About 500,648 shares traded. Kite Realty Group Trust (NYSE:KRG) has declined 20.60% since August 12, 2017 and is downtrending. It has underperformed by 33.17% the S&P500. Some Historical KRG News: 25/04/2018 – KITE REALTY – UNDER AMENDED CREDIT AGREEMENT, OPERATING PARTNERSHIP HAS OPTION TO INCREASE REVOLVING FACILITY TO $1.2 BLN; 16/03/2018 – KITE REALTY GROUP TRUST – SOLD SHOPPING CENTERS, WERE USED TO PAY DOWN UNSECURED REVOLVING LINE OF CREDIT; 14/05/2018 – Epoch Investment Partners, Inc. Exits Position in Kite Realty; 13/03/2018 Kite Realty Group Announces the Opening of Nordstrom Rack at Portofino Shopping Center; 28/03/2018 – Moody’s: Toys R Us liquidations affect few rated retail RElTs; long-term prospects are positive; 08/05/2018 – Kurdistan 24 English: A source from the #KRG Council of Ministers told #Kurdistan 24 on Tuesday that the vote will take place; 25/04/2018 – KITE REALTY GROUP TRUST – COMPANY MAINTAINS ITS GUIDANCE FOR 2018 FFO; 25/04/2018 – Kite Realty Group Trust 1Q Loss/Shr 21c; 23/04/2018 – KITE REALTY GROUP: DANIEL R. SINK TO STEP DOWN AS CFO; 25/04/2018 – KITE REALTY GROUP TRUST KRG.N SEES FY 2018 FFO SHR $1.98 TO $2.04

Among 2 analysts covering Kite Realty Group (NYSE:KRG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Kite Realty Group had 3 analyst reports since March 20, 2018 according to SRatingsIntel. On Tuesday, April 24 the stock rating was maintained by Sandler O’Neill with “Hold”. The firm has “Hold” rating given on Tuesday, March 20 by Sandler O’Neill. The firm has “Buy” rating by Robert W. Baird given on Tuesday, March 20.

Investors sentiment increased to 1.39 in 2018 Q1. Its up 0.03, from 1.36 in 2017Q4. It improved, as 20 investors sold KRG shares while 55 reduced holdings. 28 funds opened positions while 76 raised stakes. 72.49 million shares or 3.32% less from 74.98 million shares in 2017Q4 were reported. State Teachers Retirement System holds 0.01% or 240,035 shares. Dalton Greiner Hartman Maher And owns 0.89% invested in Kite Realty Group Trust (NYSE:KRG) for 861,083 shares. Shell Asset Mgmt Company has invested 0.01% in Kite Realty Group Trust (NYSE:KRG). Great West Life Assurance Co Can owns 156,299 shares. Forward Management Llc stated it has 0.13% in Kite Realty Group Trust (NYSE:KRG). Fuller Thaler Asset holds 1.91M shares. Geode Management Ltd Com holds 871,068 shares or 0% of its portfolio. Comerica Bancorp reported 0.01% stake. Public Sector Pension Board holds 52,948 shares or 0.01% of its portfolio. Point72 Asia (Hong Kong) has invested 0.06% in Kite Realty Group Trust (NYSE:KRG). California Public Employees Retirement System invested in 0.01% or 250,133 shares. Sg Americas Ltd Liability Corporation has invested 0% in Kite Realty Group Trust (NYSE:KRG). Bb&T Limited Liability Company invested in 10,854 shares or 0% of the stock. Amundi Pioneer Asset Inc reported 107,130 shares or 0% of all its holdings. Pnc Ser Group Incorporated has invested 0% in Kite Realty Group Trust (NYSE:KRG).

Analysts await Kite Realty Group Trust (NYSE:KRG) to report earnings on October, 25. They expect $0.50 EPS, up 2.04% or $0.01 from last year’s $0.49 per share. KRG’s profit will be $42.88M for 8.32 P/E if the $0.50 EPS becomes a reality. After $0.53 actual EPS reported by Kite Realty Group Trust for the previous quarter, Wall Street now forecasts -5.66% negative EPS growth.

Cbre Clarion Securities Llc increased Noble Midstream Partners Lp stake by 8,801 shares to 53,951 valued at $2.52 million in 2018Q1. It also upped Sl Green Realty Corp. (NYSE:SLG) stake by 1.83M shares and now owns 2.57M shares. Hyatt Hotels Corp. (NYSE:H) was raised too.

More recent Kite Realty Group Trust (NYSE:KRG) news were published by: Globenewswire.com which released: “Kite Realty Group Trust Reports Second Quarter 2018 Operating Results” on August 01, 2018. Also Seekingalpha.com published the news titled: “Kite Realty Group Trust (KRG) CEO John Kite on Q2 2018 Results – Earnings Call Transcript” on August 03, 2018. Globenewswire.com‘s news article titled: “Kite Realty Group Trust Announces Opening of Bluemercury at Rampart Commons” with publication date: July 24, 2018 was also an interesting one.

Since April 25, 2018, it had 0 buys, and 8 sales for $4.33 million activity. Sauerland John P also sold $726,240 worth of The Progressive Corporation (NYSE:PGR) shares. Another trade for 2,000 shares valued at $121,236 was sold by Broz Steven. The insider BASCH JEFFREY W sold 11,000 shares worth $665,940. Shares for $762,804 were sold by Griffith Susan Patricia on Friday, May 18. $452,296 worth of stock was sold by Murphy John Jo on Tuesday, July 17.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on October, 16. They expect $0.90 earnings per share, up 119.51% or $0.49 from last year’s $0.41 per share. PGR’s profit will be $524.26 million for 17.34 P/E if the $0.90 EPS becomes a reality. After $1.19 actual earnings per share reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -24.37% negative EPS growth.

Among 9 analysts covering Progressive (NYSE:PGR), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Progressive had 18 analyst reports since February 14, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, May 17 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Wednesday, February 14 by Keefe Bruyette & Woods. The rating was maintained by Buckingham Research on Thursday, May 17 with “Underperform”. Sandler O’Neill maintained The Progressive Corporation (NYSE:PGR) rating on Thursday, February 15. Sandler O’Neill has “Buy” rating and $63.0 target. FBR Capital maintained The Progressive Corporation (NYSE:PGR) on Monday, April 16 with “Hold” rating. The firm has “Neutral” rating given on Tuesday, August 7 by FBR Capital. The rating was maintained by Sandler O’Neill on Thursday, March 1 with “Buy”. On Thursday, July 12 the stock rating was maintained by Citigroup with “Neutral”. The stock of The Progressive Corporation (NYSE:PGR) earned “Buy” rating by Sandler O’Neill on Wednesday, March 14. Wood downgraded the stock to “Market Perform” rating in Thursday, May 17 report.

More important recent The Progressive Corporation (NYSE:PGR) news were published by: Seekingalpha.com which released: “Progressive’s Dashboard Report – June 2018 Update” on July 21, 2018, also Seekingalpha.com published article titled: “Progressive: Good Company, But Wait For A Pullback”, Seekingalpha.com published: “Progressive Corporation 2018 Q2 – Results – Earnings Call Slides” on August 02, 2018. More interesting news about The Progressive Corporation (NYSE:PGR) was released by: Benzinga.com and their article: “Progressive Q2 Earnings Preview” with publication date: July 16, 2018.

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.19, from 1.17 in 2017Q4. It dropped, as 36 investors sold PGR shares while 231 reduced holdings. 81 funds opened positions while 180 raised stakes. 450.02 million shares or 0.77% less from 453.53 million shares in 2017Q4 were reported. C World Wide Group Inc Hldgs A S accumulated 0.01% or 10,718 shares. Fincl Bank Of New York Mellon owns 8.79 million shares or 0.15% of their US portfolio. 74,860 are held by Pineno Levin & Ford Asset Management. Barclays Public Limited owns 1.13M shares. Federated Inc Pa stated it has 0% in The Progressive Corporation (NYSE:PGR). Aqr Capital Mgmt reported 0.13% of its portfolio in The Progressive Corporation (NYSE:PGR). Rowland And Investment Counsel Adv accumulated 156,429 shares or 0% of the stock. Price T Rowe Associate Inc Md stated it has 0.23% in The Progressive Corporation (NYSE:PGR). Symphony Asset Mgmt Ltd Liability Co reported 94,136 shares stake. Strs Ohio invested in 45,912 shares or 0.01% of the stock. Global X Management Co Lc has invested 0.02% of its portfolio in The Progressive Corporation (NYSE:PGR). Pub Employees Retirement System Of Ohio holds 0.32% in The Progressive Corporation (NYSE:PGR) or 1.01 million shares. Campbell Adviser Limited Liability accumulated 0.93% or 18,171 shares. Ontario Teachers Pension Plan Board has invested 0.25% in The Progressive Corporation (NYSE:PGR). Illinois-based Barbara Oil Communication has invested 0.46% in The Progressive Corporation (NYSE:PGR).

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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