How Many The Progressive Corporation (NYSE:PGR)’s Analysts Are Bearish?

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Investors sentiment decreased to 1.15 in Q2 2019. Its down 0.07, from 1.22 in 2019Q1. It worsened, as 35 investors sold The Progressive Corporation shares while 242 reduced holdings. 95 funds opened positions while 224 raised stakes. 444.06 million shares or 0.68% less from 447.09 million shares in 2019Q1 were reported.
Bessemer Securities Llc has 3,250 shares. Baldwin Invest Management Ltd Liability Corp has invested 0.12% in The Progressive Corporation (NYSE:PGR). Moreover, Hendley And Co has 1.91% invested in The Progressive Corporation (NYSE:PGR). Cumberland Partners Ltd reported 8,115 shares. Hm Payson stated it has 796 shares or 0% of all its holdings. Sumitomo Mitsui Tru holds 3.14 million shares or 0.22% of its portfolio. Ohio-based Cleararc Cap has invested 0.21% in The Progressive Corporation (NYSE:PGR). Riverhead Mgmt Ltd Limited Liability Company stated it has 41,347 shares or 0.12% of all its holdings. Private Advisor Group Incorporated Ltd Liability holds 518,181 shares. Scotia Cap Incorporated owns 12,992 shares. Destination Wealth Mgmt reported 209 shares. Horizon Investment Svcs Limited Liability Corporation stated it has 63,649 shares or 3.46% of all its holdings. United Service Automobile Association holds 0.19% or 960,928 shares in its portfolio. Apg Asset Mgmt Nv stated it has 5.32M shares or 0.64% of all its holdings. Motco holds 0.01% or 786 shares.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 7 analysts covering Progressive (NYSE:PGR), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Progressive has $9600 highest and $59 lowest target. $85.71’s average target is 18.04% above currents $72.61 stock price. Progressive had 13 analyst reports since March 30, 2019 according to SRatingsIntel. Buckingham Research maintained the shares of PGR in report on Thursday, September 12 with “Neutral” rating. As per Thursday, June 20, the company rating was initiated by Janney Capital. As per Monday, July 1, the company rating was maintained by Barclays Capital. Barclays Capital maintained the stock with “Overweight” rating in Monday, April 1 report. UBS maintained the shares of PGR in report on Monday, July 29 with “Buy” rating. The firm has “Buy” rating given on Thursday, June 13 by B. Riley & Co. The company was maintained on Thursday, July 25 by Raymond James. The firm has “Outperform” rating by Credit Suisse given on Wednesday, April 17. The company was maintained on Friday, May 17 by UBS. Below is a list of The Progressive Corporation (NYSE:PGR) latest ratings and price target changes.

12/09/2019 Broker: Buckingham Research Rating: Neutral Old Target: $74.0000 New Target: $78.0000 Maintain
29/07/2019 Broker: UBS Rating: Buy Old Target: $88.0000 New Target: $95.0000 Maintain
25/07/2019 Broker: Raymond James Rating: Strong Buy Old Target: $90.0000 New Target: $93.0000 Maintain
01/07/2019 Broker: Barclays Capital Rating: Overweight Old Target: $90.0000 New Target: $95.0000 Maintain
20/06/2019 Broker: Janney Capital Rating: Hold New Target: $59 Initiate
13/06/2019 Broker: B. Riley & Co Rating: Buy Old Target: $89.0000 New Target: $96.0000 Maintain
05/06/2019 Broker: BidaskScore Rating: Buy Upgrade
23/05/2019 Broker: BidaskScore Rating: Buy Upgrade
17/05/2019 Broker: UBS Rating: Buy Old Target: $85.0000 New Target: $88.0000 Maintain
17/04/2019 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $80 New Target: $84 Maintain

The stock decreased 5.68% or $4.37 during the last trading session, reaching $72.61. About 11.37M shares traded or 347.30% up from the average. The Progressive Corporation (NYSE:PGR) has risen 36.28% since September 13, 2018 and is uptrending. It has outperformed by 36.28% the S&P500.

The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company has market cap of $42.45 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. It has a 13.25 P/E ratio. This segmentÂ’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.

More notable recent The Progressive Corporation (NYSE:PGR) news were published by: Finance.Yahoo.com which released: “Does The Progressive Corporation’s (NYSE:PGR) CEO Pay Compare Well With Peers? – Yahoo Finance” on July 22, 2019, also Finance.Yahoo.com with their article: “How Many The Progressive Corporation (NYSE:PGR) Shares Have Insiders Sold, In The Last Year? – Yahoo Finance” published on June 05, 2019, Streetinsider.com published: “Wall Street mixed as trade hopes capped by Apple drop – StreetInsider.com” on September 13, 2019. More interesting news about The Progressive Corporation (NYSE:PGR) were released by: Seekingalpha.com and their article: “Dragon Victory International leads financial gainers, MDJM and Puyi among losers – Seeking Alpha” published on September 13, 2019 as well as Benzinga.com‘s news article titled: “35 Stocks Moving In Friday’s Mid-Day Session – Benzinga” with publication date: September 13, 2019.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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