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PGR

Progressive

$31.67

0.55 (1.77%)

08:31
10/13/16
10/13
08:31
10/13/16
08:31

Progressive reports September EPS 13c vs. 12c last year

Reports September net premiums written $1.86B vs. $1.72B last year. Reports September net premiums earned $1.78B vs. $1.58B last year.

PGR Progressive
$31.67

0.55 (1.77%)

06/02/16
06/02/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) downgraded to Neutral from Buy at BofA/Merrill with analysts led by Doug Leggate saying Exxon's strong relative performance discount's long-term oil at around $73/bbl and said shares appear to be fairly valued. 2. Intuitive Surgical (ISRG) downgraded to Neutral from Buy at Goldman with analyst David Roman saying the risk/reward looks balanced at current share levels. Roman lowered his price target for the stock to $674 from $690. 3. DeVry (DV) downgraded to Neutral from Outperform at Credit Suisse with analyst Trace Urdan saying he no longer feels confident in his investment thesis following the resignation of CFO Tim Wiggins. 4. Franklin Resources (BEN) downgraded to Sell from Neutral at UBS with analyst Brennan Hawken arguing the company is the most exposed to the Department of Labor's fiduciary rule of the names he covers given its reliance on the broker sold channel coupled with weak investment performance. He cut his price target for the shares to $28 from $39. 5. Progressive (PGR) downgraded to Sell from Neutral at Citi with analyst James Naklicki saying consensus margin and earnings expectations are too optimistic. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/16
MKMP
08/08/16
NO CHANGE
MKMP
Progressive personal auto seems to be "breaking out," says MKM Partners
MKM Partners analyst Harry Fong says that Progressive's personal auto business "appears to be breaking out," as the company reported that the growth in the number of net premium it wrote accelerated to nearly 12% last quarter. The analyst says he's not concerned by the possibility of the company's combined ratio exceeding 96%, as such an increase would be in-line with its longstanding strategy. He keeps a $40 price target and Buy rating on the shares.
09/07/16
FBCO
09/07/16
NO CHANGE
FBCO
Progressive, U.S. Silica and Zoetis added to US Focus List at Credit Suisse
Credit Suisse added Progressive (PGR), U.S. Silica (SLCA) and Zoetis (ZTS) to the US Focus List and removed Allison Transmission (ALSN) from the US Focus List and Sealed Air (SEE) from the US Focus List and Global Focus List
09/15/16
KBWI
09/15/16
UPGRADE
Target $31
KBWI
Market Perform
Progressive upgraded to Market Perform from Underperform at Keefe Bruyette
Keefe Bruyette analyst Meyer Shields upgraded Progressive to Market Perform and raised its price target to $31 from $29. The analyst believes most of the catalysts that led to increased 2016 loss ratios year-over-year have played out and rising rates and seasonality should benefit the company.

TODAY'S FREE FLY STORIES

NUVA

NuVasive

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CA

CA Technologies

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XPO

XPO Logistics

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-0.32 (-0.52%)

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MON

Monsanto

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MON

Monsanto

$117.25

-0.55 (-0.47%)

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Earnings
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CBI

CB&I

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LMNX

Luminex

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NVIV

InVivo Therapeutics

$2.75

0.2 (7.84%)

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MSA

MSA Safety

$79.73

0.44 (0.55%)

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HCA

HCA Holdings

$86.01

-0.61 (-0.70%)

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STT

State Street

$87.90

0.08 (0.09%)

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Upgrade
State Street rating change  »

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  • 26

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OLN

Olin Corp.

$29.31

0.29 (1.00%)

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DSKE

Daseke

$10.40

0.09 (0.87%)

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TRU

TransUnion

$43.52

-0.78 (-1.76%)

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  • 25

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COST

Costco

$159.26

-0.94 (-0.59%)

, AMZN

Amazon.com

$976.78

-17.2 (-1.73%)

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COST

Costco

$159.26

-0.94 (-0.59%)

AMZN

Amazon.com

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PYPL

PayPal

$52.73

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BSX

Boston Scientific

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ADMA

ADMA Biologics

$4.06

0.46 (12.78%)

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CKH

Seacor

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MUSA

Murphy USA

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ZIOP

Ziopharm

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SVA

Sinovac Biotech

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USAP

Universal Stainless & Alloy

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KTOS

Kratos Defense

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