Cookson Peirce Co Inc buys $16,312,717 stake in Progressive Corp (PGR)

Progressive Corp (PGR) : Cookson Peirce Co Inc scooped up 10,410 additional shares in Progressive Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 494,175 shares of Progressive Corp which is valued at $16,312,717.Progressive Corp makes up approximately 2.36% of Cookson Peirce Co Inc’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in PGR in the latest quarter, The investment management firm added 93,568 additional shares and now holds a total of 450,402 shares of Progressive Corp which is valued at $14,867,770. Progressive Corp makes up approx 0.04% of Great West Life Assurance Co Can’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in PGR by selling 28,931 shares or 14.11% in the most recent quarter. The Hedge Fund company now holds 176,110 shares of PGR which is valued at $5,813,391. Progressive Corp makes up approx 0.13% of Oregon Public Employees Retirement Fund’s portfolio.Umb Bank N Amo reduced its stake in PGR by selling 124,430 shares or 49.07% in the most recent quarter. The Hedge Fund company now holds 129,125 shares of PGR which is valued at $4,212,058. Progressive Corp makes up approx 0.17% of Umb Bank N Amo’s portfolio.Financial Architects Inc boosted its stake in PGR in the latest quarter, The investment management firm added 3,738 additional shares and now holds a total of 3,992 shares of Progressive Corp which is valued at $130,219. Progressive Corp makes up approx 0.04% of Financial Architects Inc’s portfolio.Meeder Asset Management Inc reduced its stake in PGR by selling 12,163 shares or 72.17% in the most recent quarter. The Hedge Fund company now holds 4,691 shares of PGR which is valued at $155,131. Progressive Corp makes up approx 0.01% of Meeder Asset Management Inc’s portfolio.

Progressive Corp opened for trading at $34.12 and hit $34.22 on the upside on Monday, eventually ending the session at $34.14, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 20,03,993 shares. Company has a market cap of $19,867 M.

On the company’s financial health, Progressive Corp reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $0.32. The company had revenue of $5934.60 million for the quarter, compared to analysts expectations of $5822.68 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Progressive Corp. Progressive Corp was Downgraded by Citigroup to ” Sell” on Jun 2, 2016.

The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and mutual insurance company affiliate provide personal auto insurance commercial auto and truck insurance principally for small businesses and other specialty property-casualty insurance and related services. The Company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles uninsured and underinsured bodily injury and liability to others for personal injury or property damage arising out of the use of those vehicles. Its non-insurance subsidiaries and limited partnership investment affiliate support its insurance and investment operations.

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