Progressive Corp Ohio (PGR) Holder Zwj Investment Counsel INC Lifted Holding by $18.28 Million

September 8, 2018 - By Mary Kidd

The Progressive Corporation (NYSE:PGR) LogoInvestors sentiment decreased to 0.98 in Q1 2018. Its down 0.19, from 1.17 in 2017Q4. It dived, 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. Laurion Mngmt Limited Partnership accumulated 30,119 shares. Raymond James & Associates accumulated 586,191 shares. Asset Mngmt One Ltd invested in 924,169 shares. Signalpoint Asset Mgmt Ltd Llc accumulated 0.42% or 14,453 shares. 56,559 are owned by Kbc Group Nv. 216,916 are owned by Bogle Inv Lp De. Ariel Investments Lc holds 937,052 shares. Mitsubishi Ufj Trust And holds 0.13% or 1.25 million shares. The California-based Cetera Advisor Ltd Limited Liability Company has invested 0.01% in The Progressive Corporation (NYSE:PGR). Sumitomo Mitsui Holdings holds 1.89M shares or 0.15% of its portfolio. High Pointe Mngmt owns 12,935 shares. Kames Public Ltd Co holds 0.05% or 31,948 shares. Lmr Prtnrs Llp holds 0.27% in The Progressive Corporation (NYSE:PGR) or 46,853 shares. Cambridge Invest Research Advsrs holds 0.06% or 80,675 shares in its portfolio. Eqis Capital Management holds 0.04% or 11,783 shares.

Since April 25, 2018, it had 0 insider purchases, and 11 insider sales for $9.25 million activity. The insider CODY WILLIAM M sold $3.35M. On Thursday, August 16 the insider Sauerland John P sold $771,000. $665,940 worth of The Progressive Corporation (NYSE:PGR) was sold by BASCH JEFFREY W. Another trade for 12,600 shares valued at $762,804 was made by Griffith Susan Patricia on Friday, May 18. Another trade for 2,300 shares valued at $137,724 was made by Broz Steven on Thursday, July 19.

Zwj Investment Counsel Inc increased its stake in Progressive Corp Ohio (PGR) by 984.91% based on its latest 2018Q1 regulatory filing with the SEC. Zwj Investment Counsel Inc bought 304,653 shares as the company’s stock rose 5.95% while stock markets declined. The institutional investor held 335,585 shares of the property-casualty insurers company at the end of 2018Q1, valued at $20.45 million, up from 30,932 at the end of the previous reported quarter. Zwj Investment Counsel Inc who had been investing in Progressive Corp Ohio for a number of months, seems to be bullish on the $40.16B market cap company. The stock increased 0.07% or $0.05 during the last trading session, reaching $68.87. About 2.11M shares traded. The Progressive Corporation (NYSE:PGR) has risen 47.50% since September 8, 2017 and is uptrending. It has outperformed by 34.93% the S&P500.

Zwj Investment Counsel Inc, which manages about $1.35B and $1.11B US Long portfolio, decreased its stake in Coca Cola Co (NYSE:KO) by 208,682 shares to 1.25 million shares, valued at $54.10M in 2018Q1, according to the filing. It also reduced its holding in Lyondellbasell Industries N (NYSE:LYB) by 54,283 shares in the quarter, leaving it with 176,350 shares, and cut its stake in United Technologies Corp (NYSE:UTX).

Another recent and important The Progressive Corporation (NYSE:PGR) news was published by which published an article titled: “Why Progressive Stock Gained 13% in August” on September 05, 2018.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 9 analysts covering Progressive (NYSE:PGR), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Progressive had 16 analyst reports since March 14, 2018 according to SRatingsIntel. Deutsche Bank maintained The Progressive Corporation (NYSE:PGR) rating on Monday, May 21. Deutsche Bank has “Hold” rating and $62 target. The company was maintained on Wednesday, March 14 by Sandler O’Neill. Morgan Stanley maintained The Progressive Corporation (NYSE:PGR) rating on Wednesday, April 18. Morgan Stanley has “Equal-Weight” rating and $64 target. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) on Tuesday, April 17 with “Buy” rating. FBR Capital maintained The Progressive Corporation (NYSE:PGR) rating on Monday, July 16. FBR Capital has “Neutral” rating and $60 target. The firm earned “Equal-Weight” rating on Wednesday, July 18 by Morgan Stanley. Keefe Bruyette & Woods maintained it with “Buy” rating and $65.0 target in Wednesday, March 14 report. The rating was maintained by Buckingham Research on Thursday, May 17 with “Underperform”. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, May 17. The stock of The Progressive Corporation (NYSE:PGR) earned “Market Perform” rating by Wood on Thursday, May 17.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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