Progressive Ohio (PGR) Holder Mcdonald Capital Investors Has Decreased Position by $479,520 as Stock Value Rose; Lowes Companies (LOW) Holder Johnson Financial Group Has Lifted Position

January 14, 2018 - By Marie Mckinney

Mcdonald Capital Investors Inc decreased its stake in Progressive Corp Ohio (PGR) by 0.28% based on its latest 2017Q3 regulatory filing with the SEC. Mcdonald Capital Investors Inc sold 9,990 shares as the company’s stock rose 6.56% with the market. The hedge fund held 3.60M shares of the property-casualty insurers company at the end of 2017Q3, valued at $174.45 million, down from 3.61 million at the end of the previous reported quarter. Mcdonald Capital Investors Inc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $32.54B market cap company. The stock increased 0.50% or $0.28 during the last trading session, reaching $55.94. About 2.66 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since January 14, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Johnson Financial Group Inc increased its stake in Lowes Companies Inc (LOW) by 92.31% based on its latest 2017Q3 regulatory filing with the SEC. Johnson Financial Group Inc bought 9,238 shares as the company’s stock rose 10.23% with the market. The institutional investor held 19,246 shares of the consumer services company at the end of 2017Q3, valued at $1.54 million, up from 10,008 at the end of the previous reported quarter. Johnson Financial Group Inc who had been investing in Lowes Companies Inc for a number of months, seems to be bullish on the $83.69 billion market cap company. The stock increased 5.35% or $5.12 during the last trading session, reaching $100.86. About 14.25M shares traded or 127.80% up from the average. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since January 14, 2017 and is uptrending. It has underperformed by 10.78% the S&P500.

Since August 17, 2017, it had 0 insider buys, and 5 selling transactions for $4.92 million activity. $2.43 million worth of The Progressive Corporation (NYSE:PGR) was sold by Sauerland John P on Thursday, August 17. 6,000 shares valued at $293,400 were sold by Charney M Jeffrey on Friday, October 20. $434,070 worth of The Progressive Corporation (NYSE:PGR) was sold by BASCH JEFFREY W on Wednesday, October 18. 1,250 shares were sold by Broz Steven, worth $60,913 on Wednesday, August 23.

Mcdonald Capital Investors Inc, which manages about $914.34M and $1.17B US Long portfolio, upped its stake in Brookfield Asset Mgmt Inc (NYSE:BAM) by 34,255 shares to 942,730 shares, valued at $38.94 million in 2017Q3, according to the filing. It also increased its holding in Fastenal Co (NASDAQ:FAST) by 103,147 shares in the quarter, for a total of 2.29 million shares, and has risen its stake in Cardinal Health Inc (NYSE:CAH).

Among 18 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Progressive had 52 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, August 16 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given on Friday, October 14 by Citigroup. Citigroup maintained The Progressive Corporation (NYSE:PGR) on Wednesday, October 18 with “Neutral” rating. On Tuesday, March 21 the stock rating was upgraded by Sandler O’Neill to “Buy”. The stock has “Hold” rating by Wells Fargo on Friday, May 5. Deutsche Bank upgraded the shares of PGR in report on Thursday, May 18 to “Hold” rating. Keefe Bruyette & Woods maintained the shares of PGR in report on Tuesday, October 17 with “Buy” rating. Wells Fargo maintained The Progressive Corporation (NYSE:PGR) on Tuesday, July 18 with “Hold” rating. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, December 4 report. Bank of America upgraded the shares of PGR in report on Monday, March 20 to “Buy” rating.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on January, 24. They expect $0.74 earnings per share, up 19.35% or $0.12 from last year’s $0.62 per share. PGR’s profit will be $430.39 million for 18.90 P/E if the $0.74 EPS becomes a reality. After $0.41 actual earnings per share reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts 80.49% EPS growth.

Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.12, from 1.19 in 2017Q2. It turned negative, as 43 investors sold PGR shares while 189 reduced holdings. 63 funds opened positions while 185 raised stakes. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported. Renaissance Technology Ltd Liability Co accumulated 0.25% or 4.46M shares. Moreover, Shell Asset Mngmt Communications has 0.06% invested in The Progressive Corporation (NYSE:PGR). Sterling Cap Management Limited Com has invested 0.06% in The Progressive Corporation (NYSE:PGR). State Of Alaska Department Of Revenue stated it has 0.08% in The Progressive Corporation (NYSE:PGR). Advsrs Asset Mngmt holds 13,726 shares or 0.01% of its portfolio. Tradewinds Capital Mgmt holds 0.19% of its portfolio in The Progressive Corporation (NYSE:PGR) for 7,565 shares. Illinois-based Guggenheim Cap Ltd Liability has invested 0.12% in The Progressive Corporation (NYSE:PGR). Vanguard Grp Incorporated has 0.09% invested in The Progressive Corporation (NYSE:PGR) for 39.47M shares. M&T Bancshares accumulated 106,903 shares. Retail Bank Of Montreal Can holds 0.15% or 3.29M shares. Cooke Bieler Ltd Partnership reported 2.01M shares. Winslow Evans And Crocker accumulated 8,476 shares. Swiss Bankshares has 2.14M shares. Wells Fargo & Mn holds 6.78 million shares. Cibc Asset holds 55,014 shares or 0.02% of its portfolio.

Since September 19, 2017, it had 0 buys, and 2 insider sales for $778,532 activity. Ramsay Paul D sold $163,675 worth of stock or 2,098 shares.

Investors sentiment increased to 1.04 in 2017 Q3. Its up 0.01, from 1.03 in 2017Q2. It is positive, as 76 investors sold LOW shares while 406 reduced holdings. 115 funds opened positions while 384 raised stakes. 589.78 million shares or 2.68% less from 606.01 million shares in 2017Q2 were reported. Clear Harbor Asset Mngmt Ltd Com reported 0.25% stake. Meridian Management reported 35,805 shares. Sit Invest Associates holds 420 shares. Argent Tru Company has 28,777 shares for 0.91% of their portfolio. Personal Cap Corporation invested in 0.36% or 230,029 shares. Ardevora Asset Mngmt Llp owns 336,200 shares. Haverford Co accumulated 19,413 shares. Blue Edge Cap Limited Liability Corp accumulated 8,791 shares. Stratos Wealth Prtnrs Limited accumulated 66,075 shares or 0.25% of the stock. Goelzer Investment Incorporated has 0.4% invested in Lowe's Companies, Inc. (NYSE:LOW). Livingston Group Inc Asset Mngmt (Operating As Southport Capital Management) invested 0.17% in Lowe's Companies, Inc. (NYSE:LOW). Fayez Sarofim And Company reported 0% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Weaver C Barksdale & Assocs reported 1.65% in Lowe's Companies, Inc. (NYSE:LOW). Glenmede Na stated it has 1.58M shares or 0.56% of all its holdings. Investment Advsr Limited Liability Company invested in 6,559 shares or 0.04% of the stock.

Among 33 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 19 have Buy rating, 1 Sell and 13 Hold. Therefore 58% are positive. Lowe’s Companies Inc. had 76 analyst reports since August 19, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Raymond James on Monday, November 27. Stifel Nicolaus maintained the shares of LOW in report on Thursday, July 20 with “Buy” rating. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Overweight” rating given on Tuesday, November 24 by Atlantic Securities. The rating was downgraded by PiperJaffray to “Neutral” on Monday, October 31. The stock has “Hold” rating by Jefferies on Wednesday, August 23. The rating was downgraded by Wedbush to “Neutral” on Wednesday, October 26. The rating was downgraded by Piper Jaffray on Monday, October 31 to “Neutral”. The rating was initiated by Topeka Capital Markets on Tuesday, May 24 with “Hold”. Goldman Sachs maintained the shares of LOW in report on Wednesday, April 6 with “Buy” rating. The company was downgraded on Thursday, August 24 by BMO Capital Markets.

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