FSM Wealth Advisors LLC Has $407,000 Position in The Progressive Co. (NYSE:PGR)

FSM Wealth Advisors LLC boosted its position in The Progressive Co. (NYSE:PGR) by 4.8% during the third quarter, Holdings Channel reports. The institutional investor owned 1,603 shares of the insurance provider’s stock after purchasing an additional 74 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Progressive were worth $407,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Davis Capital Management acquired a new stake in shares of Progressive in the third quarter valued at approximately $25,000. WR Wealth Planners LLC boosted its holdings in Progressive by 119.6% during the second quarter. WR Wealth Planners LLC now owns 123 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 67 shares during the last quarter. Hilltop National Bank grew its position in Progressive by 126.0% in the second quarter. Hilltop National Bank now owns 165 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 92 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its stake in Progressive by 114.1% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 137 shares of the insurance provider’s stock valued at $35,000 after buying an additional 73 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in Progressive during the 1st quarter worth about $36,000. Institutional investors own 85.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PGR. StockNews.com cut Progressive from a “buy” rating to a “hold” rating in a report on Friday. Barclays raised their price target on Progressive from $267.00 to $277.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price objective on Progressive from $280.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Evercore ISI raised their target price on shares of Progressive from $243.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company boosted their target price on shares of Progressive from $281.00 to $282.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Progressive has an average rating of “Moderate Buy” and an average price target of $263.19.

Insider Activity at Progressive

In other Progressive news, insider Steven Broz sold 2,981 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $251.15, for a total value of $748,678.15. Following the completion of the sale, the insider now owns 26,353 shares of the company’s stock, valued at $6,618,555.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider John Jo Murphy sold 9,512 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $237.50, for a total transaction of $2,259,100.00. Following the completion of the sale, the insider now owns 45,787 shares of the company’s stock, valued at approximately $10,874,412.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven Broz sold 2,981 shares of Progressive stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $251.15, for a total transaction of $748,678.15. Following the completion of the transaction, the insider now directly owns 26,353 shares in the company, valued at $6,618,555.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,843 shares of company stock worth $18,674,912. Corporate insiders own 0.34% of the company’s stock.

Progressive Stock Performance

Shares of NYSE PGR opened at $241.48 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $141.43 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 0.67 and a beta of 0.36. The stock’s fifty day moving average price is $250.86 and its two-hundred day moving average price is $227.13. The Progressive Co. has a one year low of $149.14 and a one year high of $260.46.

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.