Progressive Corp. (NYSE:PGR) shares fell 1% on Tuesday . The stock traded as low as $32.43 and last traded at $32.43, with a volume of 1,874,780 shares trading hands. The stock had previously closed at $32.77.

Several analysts recently issued reports on the stock. Credit Suisse Group AG set a $28.00 price target on shares of Progressive Corp. and gave the company a “sell” rating in a report on Tuesday. Zacks Investment Research cut shares of Progressive Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Argus reissued a “hold” rating and set a $33.00 target price on shares of Progressive Corp. in a report on Monday, July 18th. MKM Partners reissued a “buy” rating and set a $40.00 target price on shares of Progressive Corp. in a report on Thursday, June 23rd. Finally, FBR & Co reissued a “hold” rating on shares of Progressive Corp. in a report on Thursday, June 16th. Six analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $32.21.

The stock’s 50-day moving average price is $33.19 and its 200 day moving average price is $33.09. The company has a market capitalization of $18.81 billion and a PE ratio of 17.96.

Progressive Corp. (NYSE:PGR) last announced its quarterly earnings data on Thursday, July 14th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.01. During the same period in the prior year, the business earned $0.62 EPS. The firm had revenue of $5.93 billion for the quarter. The business’s quarterly revenue was up 13.1% on a year-over-year basis. Equities research analysts forecast that Progressive Corp. will post $1.67 earnings per share for the current fiscal year.

In other Progressive Corp. news, insider Steven Broz sold 2,500 shares of Progressive Corp. stock in a transaction on Friday, July 15th. The shares were sold at an average price of $33.17, for a total transaction of $82,925.00. Following the sale, the insider now owns 9,420 shares in the company, valued at $312,461.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradley T. Sheares sold 19,564 shares of Progressive Corp. stock in a transaction on Friday, June 24th. The stock was sold at an average price of $31.96, for a total transaction of $625,265.44. Following the sale, the director now owns 4,964 shares in the company, valued at approximately $158,649.44. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of PGR. State of Tennessee Treasury Department increased its stake in Progressive Corp. by 2.6% in the fourth quarter. State of Tennessee Treasury Department now owns 1,054,908 shares of the company’s stock worth $33,546,000 after buying an additional 26,815 shares in the last quarter. I.G. Investment Management LTD. increased its stake in Progressive Corp. by 107.0% in the fourth quarter. I.G. Investment Management LTD. now owns 699,765 shares of the company’s stock worth $22,253,000 after buying an additional 361,775 shares in the last quarter. BlackRock Advisors LLC increased its stake in Progressive Corp. by 29.3% in the fourth quarter. BlackRock Advisors LLC now owns 553,674 shares of the company’s stock worth $17,607,000 after buying an additional 125,492 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Progressive Corp. by 137.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 169,618 shares of the company’s stock worth $5,394,000 after buying an additional 98,199 shares in the last quarter.

The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through Personal Lines, Commercial Lines and Property segments.

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