Jackson Creek Investment Advisors LLC Has $410,000 Holdings in The Progressive Co. (NYSE:PGR)

Jackson Creek Investment Advisors LLC boosted its position in The Progressive Co. (NYSE:PGR) by 83.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,712 shares of the insurance provider’s stock after purchasing an additional 780 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Progressive were worth $410,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PGR. Concurrent Investment Advisors LLC grew its holdings in Progressive by 11.3% during the third quarter. Concurrent Investment Advisors LLC now owns 5,525 shares of the insurance provider’s stock worth $1,402,000 after purchasing an additional 562 shares during the period. AEGON ASSET MANAGEMENT UK Plc grew its holdings in Progressive by 0.7% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 169,661 shares of the insurance provider’s stock worth $43,045,000 after purchasing an additional 1,152 shares during the period. Equitable Trust Co. bought a new position in Progressive during the third quarter worth about $214,000. CWA Asset Management Group LLC bought a new position in Progressive during the third quarter worth about $915,000. Finally, Rovin Capital UT ADV grew its holdings in Progressive by 6.0% during the third quarter. Rovin Capital UT ADV now owns 1,560 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 88 shares during the period. Institutional investors own 85.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PGR shares. Barclays lifted their price target on Progressive from $261.00 to $264.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on Progressive from $313.00 to $317.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Morgan Stanley boosted their price objective on Progressive from $300.00 to $307.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Progressive from $251.00 to $256.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Finally, HSBC cut Progressive from a “buy” rating to a “hold” rating and set a $267.00 price objective for the company. in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Progressive presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.59.

Progressive Stock Down 0.5 %

Shares of PGR opened at $279.77 on Friday. The Progressive Co. has a one year low of $194.49 and a one year high of $287.49. The company has a market cap of $164.00 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.70 and a beta of 0.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. The firm has a 50 day simple moving average of $254.23 and a two-hundred day simple moving average of $252.70.

Progressive (NYSE:PGR) last announced its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $4.08 EPS for the quarter, beating the consensus estimate of $3.44 by $0.64. Progressive had a net margin of 11.25% and a return on equity of 33.79%. Research analysts forecast that The Progressive Co. will post 14.68 EPS for the current fiscal year.

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, January 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. Progressive’s dividend payout ratio (DPR) is presently 2.78%.

Insider Transactions at Progressive

In other news, CFO John P. Sauerland sold 10,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $238.66, for a total transaction of $2,386,600.00. Following the completion of the transaction, the chief financial officer now directly owns 282,958 shares in the company, valued at approximately $67,530,756.28. This represents a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew J. Quigg sold 681 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $242.10, for a total transaction of $164,870.10. Following the transaction, the insider now owns 33,612 shares of the company’s stock, valued at $8,137,465.20. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,361 shares of company stock worth $14,102,075. Corporate insiders own 0.34% of the company’s stock.

Progressive Company Profile

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.