Progressive Corp (NYSE:PGR)‘s stock had its “sell” rating restated by stock analysts at Deutsche Bank in a research note issued on Thursday, MarketBeat.Com reports.

Other institutional investors have made changes to their positions in the company. Vontobel Asset Management increased its position in shares of Progressive Corp by 6.7% in the fourth quarter. Vontobel Asset Management now owns 5,043,039 shares of the company’s stock valued at $168,905,000 after buying an additional 316,616 shares during the last quarter. HL Financial Services LLC increased its position in shares of Progressive Corp by 4.5% in the fourth quarter. HL Financial Services LLC now owns 1,596,534 shares of the company’s stock valued at $50,770,000 after buying an additional 69,393 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Progressive Corp by 9.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,461,885 shares of the company’s stock valued at $46,488,000 after buying an additional 127,524 shares during the last quarter. Russell Frank Co increased its position in shares of Progressive Corp by 11.1% in the fourth quarter. Russell Frank Co now owns 1,059,907 shares of the company’s stock valued at $34,262,000 after buying an additional 106,136 shares during the last quarter. Finally, Van Cleef Asset Management increased its position in shares of Progressive Corp by 0.5% in the fourth quarter. Van Cleef Asset Management now owns 897,212 shares of the company’s stock valued at $28,531,000 after buying an additional 4,628 shares during the last quarter.

A number of other research analysts have also recently issued reports on PGR. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $27.00 price objective (up previously from $25.00) on shares of Progressive Corp in a research note on Monday, October 19th. Zacks Investment Research lowered Progressive Corp from a “buy” rating to a “hold” rating in a report on Monday, October 19th. Credit Suisse lowered Progressive Corp from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $28.00 to $29.00 in a report on Friday, November 6th. Goldman Sachs lowered Progressive Corp from a “neutral” rating to a “sell” rating and set a $28.00 target price for the company. in a report on Monday, November 16th. Finally, William Blair reissued an “outperform” rating on shares of Progressive Corp in a report on Thursday, November 19th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.57.

Shares of Progressive Corp (NYSE:PGR) traded up 0.43% during mid-day trading on Thursday, reaching $30.51. The company had a trading volume of 2,312,593 shares. The firm has a 50 day moving average of $30.82 and a 200-day moving average of $31.02. Progressive Corp has a one year low of $25.23 and a one year high of $33.95. The stock has a market capitalization of $17.83 billion and a P/E ratio of 13.80.

Progressive Corp (NYSE:PGR) last announced its quarterly earnings data on Wednesday, January 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.09. During the same quarter in the previous year, the firm posted $0.63 EPS. The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $5.04 billion. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Progressive Corp will post $1.96 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Friday, February 12th. Stockholders of record on Wednesday, February 3rd will be given a $0.8882 dividend. The ex-dividend date is Monday, February 1st.

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.

12 Month Chart for NYSE:PGR

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