Symphony Asset Management LLC Holding in Progressive Corp/The (PGR) Has Lowered by $4.02 Million

The Progressive Corporation (NYSE:PGR) LogoInvestors sentiment increased to 1.39 in 2018 Q2. Its up 0.41, from 0.98 in 2018Q1. It improved, as 32 investors sold PGR shares while 181 reduced holdings. 64 funds opened positions while 233 raised stakes. 449.60 million shares or 0.09% less from 450.02 million shares in 2018Q1 were reported. Howe & Rusling invested in 0% or 134 shares. Moreover, Retirement Of Alabama has 0.08% invested in The Progressive Corporation (NYSE:PGR) for 273,390 shares. Massmutual Tru Fsb Adv reported 119 shares. Fincl Bank Of Ny Mellon reported 8.76M shares. Amundi Pioneer Asset Inc has invested 0.06% of its portfolio in The Progressive Corporation (NYSE:PGR). Virginia Retirement Et Al holds 25,000 shares or 0.02% of its portfolio. Mackenzie Financial, Ontario – Canada-based fund reported 1.51M shares. Parallax Volatility Advisers LP reported 50 shares. Asset Management One Ltd reported 932,602 shares. Svcs Automobile Association holds 1.13% or 3.22 million shares. The Missouri-based Moneta Group Inc Invest Advsr Ltd Liability Company has invested 0% in The Progressive Corporation (NYSE:PGR). 170,270 were accumulated by Brown Advisory. Jaffetilchin Inv Prtn Ltd Limited Liability Company stated it has 3,894 shares or 0.05% of all its holdings. Checchi Capital Advisers Limited Liability Corporation has invested 0.05% of its portfolio in The Progressive Corporation (NYSE:PGR). Zacks Mgmt reported 75,434 shares.

Since June 14, 2018, it had 0 insider buys, and 9 sales for $11.19 million activity. Griffith Susan Patricia sold 12,600 shares worth $808,164. Another trade for 2,300 shares valued at $137,724 was sold by Broz Steven. Murphy John Jo sold 7,503 shares worth $452,296. The insider CODY WILLIAM M sold $3.35 million. 50,000 The Progressive Corporation (NYSE:PGR) shares with value of $3.40 million were sold by Barbagallo John A.

Symphony Asset Management Llc decreased its stake in Progressive Corp/The (PGR) by 71.09% based on its latest 2018Q2 regulatory filing with the SEC. Symphony Asset Management Llc sold 66,924 shares as the company’s stock rose 9.34% with the market. The institutional investor held 27,212 shares of the property-casualty insurers company at the end of 2018Q2, valued at $1.66 million, down from 94,136 at the end of the previous reported quarter. Symphony Asset Management Llc who had been investing in Progressive Corp/The for a number of months, seems to be less bullish one the $36.98 billion market cap company. The stock decreased 2.17% or $1.41 during the last trading session, reaching $63.42. About 3.47M shares traded. The Progressive Corporation (NYSE:PGR) has risen 46.76% since December 8, 2017 and is uptrending. It has outperformed by 31.14% the S&P500.

Symphony Asset Management Llc, which manages about $16.99 billion and $500.38 million US Long portfolio, upped its stake in Avaya Holdings Corp by 900,578 shares to 4.04M shares, valued at $87.65 million in 2018Q2, according to the filing.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on January, 23. They expect $0.99 earnings per share, up 25.32 % or $0.20 from last year’s $0.79 per share. PGR’s profit will be $577.27M for 16.02 P/E if the $0.99 EPS becomes a reality. After $1.57 actual earnings per share reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -36.94 % negative EPS growth.

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The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 7 analysts covering Progressive (NYSE:PGR), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Progressive had 13 analyst reports since July 12, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, July 18. On Wednesday, November 7 the stock rating was upgraded by Morgan Stanley to “Overweight”. Citigroup maintained the shares of PGR in report on Friday, September 14 with “Neutral” rating. The stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given on Tuesday, August 7 by FBR Capital. Buckingham Research upgraded the stock to “Neutral” rating in Monday, November 19 report. The stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given on Thursday, July 12 by Citigroup. Citigroup maintained it with “Neutral” rating and $65 target in Thursday, August 16 report. The stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given on Monday, October 8 by FBR Capital. The firm earned “Neutral” rating on Monday, July 16 by FBR Capital. The stock of The Progressive Corporation (NYSE:PGR) earned “Neutral” rating by Citigroup on Friday, October 12.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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