The Progressive (PGR) At $62.36 Forms Top; Ceridian (CEN) Has 1.73 Sentiment

June 17, 2018 - By Henry Gaston

The Progressive Corporation (NYSE:PGR) Logo

Ceridian Corp (CEN) investors sentiment decreased to 1.73 in 2018 Q1. It’s down -0.77, from 2.5 in 2017Q4. The ratio fall, as 19 investment professionals increased and started new stock positions, while 11 sold and reduced holdings in Ceridian Corp. The investment professionals in our database now own: 4.58 million shares, up from 4.15 million shares in 2017Q4. Also, the number of investment professionals holding Ceridian Corp in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 8 Increased: 11 New Position: 8.

The Progressive Corporation (PGR) formed multiple top with $66.10 target or 6.00% above today’s $62.36 share price. The Progressive Corporation (PGR) has $36.32 billion valuation. The stock increased 0.76% or $0.47 during the last trading session, reaching $62.36. About 4.25 million shares traded or 35.54% up from the average. The Progressive Corporation (NYSE:PGR) has risen 47.50% since June 17, 2017 and is uptrending. It has outperformed by 34.93% the S&P500. Some Historical PGR News: ; 09/03/2018 PROGRESSIVE FILES OFFER FOR SR DEBT SECURITIES, SERIAL PFD SHRS; 14/03/2018 – PROGRESSIVE CORP – FEB 2018 NET PREMIUMS WRITTEN $2,700.9 MLN VS $2,201.3 MLN; 17/04/2018 – Progressive 1Q EPS $1.22; 09/03/2018 – S&PGR Rates Progressive Sr. Unsec. Debt And Preferred Shares; 17/04/2018 – PROGRESSIVE MARCH NET PREMIUMS EARNED $2.28B :PGR US; 15/03/2018 – PROGRESSIVE CORP PGR.N : BARCLAYS RAISES TARGET PRICE TO $57 FROM $53; 09/03/2018 – Moody’s rates Progressive’s senior notes A2; assigns shelf ratings; outlook stable; 14/03/2018 – PROGRESSIVE FEB. EPS 22C :PGR US; 14/03/2018 – PROGRESSIVE CORP – FEB 2018 NET INCOME PER SHARE $0.22; 14/03/2018 – Progressive February Net Premiums Written $2.7

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on July, 17. They expect $0.94 earnings per share, up 59.32% or $0.35 from last year’s $0.59 per share. PGR’s profit will be $547.43 million for 16.59 P/E if the $0.94 EPS becomes a reality. After $1.22 actual earnings per share reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -22.95% negative EPS growth.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.19, from 1.17 in 2017Q4. It dived, as 36 investors sold The Progressive Corporation shares while 231 reduced holdings. 81 funds opened positions while 180 raised stakes. 450.02 million shares or 0.77% less from 453.53 million shares in 2017Q4 were reported. Perigon Wealth Management Limited Liability Company has 0% invested in The Progressive Corporation (NYSE:PGR). State Of New Jersey Common Pension Fund D reported 0.07% stake. Putnam Invests Ltd Liability Corp holds 0% or 7,501 shares. M&T Retail Bank reported 0.03% of its portfolio in The Progressive Corporation (NYSE:PGR). Parkside National Bank & Trust & Tru, Missouri-based fund reported 4,503 shares. State Treasurer State Of Michigan reported 0.08% stake. Royal Retail Bank Of Canada has 360,097 shares for 0.01% of their portfolio. Ferguson Wellman holds 3,480 shares. Usa Financial Portformulas reported 49,164 shares stake. Massachusetts-based Ballentine Prtn Limited Liability Company has invested 0.02% in The Progressive Corporation (NYSE:PGR). Comerica State Bank holds 0.08% of its portfolio in The Progressive Corporation (NYSE:PGR) for 187,651 shares. Van Cleef Asset Managementinc accumulated 916,466 shares. Mitsubishi Ufj Securities Holdings Ltd reported 0.14% stake. Mackay Shields Limited Liability Corporation invested 0.25% of its portfolio in The Progressive Corporation (NYSE:PGR). 7.01M are held by Voya Investment Lc.

Among 21 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. Progressive has $6900 highest and $25 lowest target. $51.89’s average target is -16.79% below currents $62.36 stock price. Progressive had 69 analyst reports since August 6, 2015 according to SRatingsIntel. As per Tuesday, April 17, the company rating was maintained by Sandler O’Neill. Keefe Bruyette & Woods maintained it with “Buy” rating and $62.0 target in Wednesday, February 14 report. On Friday, May 5 the stock rating was maintained by Wells Fargo with “Hold”. Goldman Sachs downgraded it to “Sell” rating and $28 target in Monday, November 16 report. On Thursday, January 25 the stock rating was maintained by M Partners with “Buy”. As per Monday, September 21, the company rating was initiated by Sterne Agee CRT. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Tuesday, April 17 by Keefe Bruyette & Woods. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, January 10. The firm has “Neutral” rating given on Wednesday, October 18 by Citigroup. The stock of The Progressive Corporation (NYSE:PGR) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, March 14.

Since April 25, 2018, it had 0 insider buys, and 4 insider sales for $2.28 million activity. Another trade for 2,000 shares valued at $121,236 was made by Broz Steven on Wednesday, April 25. 12,600 shares valued at $762,804 were sold by Griffith Susan Patricia on Friday, May 18. On Friday, May 18 the insider Sauerland John P sold $726,240. $665,940 worth of The Progressive Corporation (NYSE:PGR) was sold by BASCH JEFFREY W on Thursday, May 17.

Oxbow Advisors Llc holds 2.44% of its portfolio in Center Coast Brookfield MLP & E for 1.41 million shares. Northern Capital Management Llc owns 136,085 shares or 0.3% of their US portfolio. Moreover, Green Square Capital Llc has 0.04% invested in the company for 26,881 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.02% in the stock. Guggenheim Capital Llc, a Illinois-based fund reported 832,401 shares.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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