Endeavour Capital Advisors Inc buys $44,294,579 stake in Progressive Corp (PGR)

Progressive Corp (PGR) : Endeavour Capital Advisors Inc scooped up 305,087 additional shares in Progressive Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,326,185 shares of Progressive Corp which is valued at $44,294,579.Progressive Corp makes up approximately 2.93% of Endeavour Capital Advisors Inc’s portfolio.

Other Hedge Funds, Including , Earnest Partners reduced its stake in PGR by selling 35,237 shares or 3.81% in the most recent quarter. The Hedge Fund company now holds 888,655 shares of PGR which is valued at $29,681,077. Progressive Corp makes up approx 0.30% of Earnest Partners’s portfolio.O’shaughnessy Asset Management reduced its stake in PGR by selling 16,739 shares or 8.49% in the most recent quarter. The Hedge Fund company now holds 180,474 shares of PGR which is valued at $5,955,642. Progressive Corp makes up approx 0.14% of O’shaughnessy Asset Management’s portfolio.Uss Investment Management Ltd reduced its stake in PGR by selling 10,100 shares or 5.41% in the most recent quarter. The Hedge Fund company now holds 176,500 shares of PGR which is valued at $5,492,680. Progressive Corp makes up approx 0.09% of Uss Investment Management Ltd’s portfolio.Strs Ohio reduced its stake in PGR by selling 4,975 shares or 8.09% in the most recent quarter. The Hedge Fund company now holds 56,541 shares of PGR which is valued at $1,778,780. Progressive Corp makes up approx 0.01% of Strs Ohio’s portfolio.Louisiana State Employees Retirement System reduced its stake in PGR by selling 1,300 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 37,000 shares of PGR which is valued at $1,179,190. Progressive Corp makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.

Progressive Corp opened for trading at $32.92 and hit $33.23 on the upside on Monday, eventually ending the session at $32.94, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 27,79,089 shares. Company has a market cap of $19,115 M.

On the company’s financial health, Progressive Corp reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 13, 2016. Analyst had a consensus of $0.33. The company had revenue of $6049.00 million for the quarter, compared to analysts expectations of $6087.84 million. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Progressive Corp. Progressive Corp was Upgraded by Citigroup to ” Neutral” on Oct 14, 2016. Shares were Reiterated by Deutsche Bank on Sep 19, 2016 to “Sell” and Lowered the Price Target to $ 28 from a previous price target of $30 .Progressive Corp was Upgraded by Keefe Bruyette to ” Mkt Perform” on Sep 16, 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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