Brown Brothers Harriman & Co Decreased Progressive (PGR) Stake by $3.14 Million; General Electric Co (GE) Shareholder Vaughan David Investments Trimmed Holding as Shares Declined

February 20, 2018 - By Michael Collier

Brown Brothers Harriman & Co decreased its stake in Progressive Corp (PGR) by 11.57% based on its latest 2017Q3 regulatory filing with the SEC. Brown Brothers Harriman & Co sold 65,487 shares as the company’s stock rose 6.56% with the market. The institutional investor held 500,521 shares of the property-casualty insurers company at the end of 2017Q3, valued at $24.24 million, down from 566,008 at the end of the previous reported quarter. Brown Brothers Harriman & Co who had been investing in Progressive Corp for a number of months, seems to be less bullish one the $33.36 billion market cap company. The stock increased 1.00% or $0.57 during the last trading session, reaching $57.35. About 3.70M shares traded or 4.66% up from the average. The Progressive Corporation (NYSE:PGR) has risen 26.23% since February 20, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Vaughan David Investments Inc decreased its stake in General Electric Co (GE) by 75.06% based on its latest 2017Q3 regulatory filing with the SEC. Vaughan David Investments Inc sold 642,885 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 213,604 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $20.43 million, down from 856,489 at the end of the previous reported quarter. Vaughan David Investments Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $130.52B market cap company. The stock increased 1.35% or $0.2 during the last trading session, reaching $15.05. About 64.72 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 20, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It dropped, 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. Barclays Public Ltd Co invested in 0.01% or 268,228 shares. Lsv Asset Mngmt invested in 115,800 shares. Umb Bancorporation N A Mo reported 75,471 shares. Highbridge Capital Management Lc accumulated 0.07% or 95,356 shares. Pensionfund Dsm Netherlands reported 80,000 shares or 0.58% of all its holdings. Nordea Invest Mgmt holds 0.05% of its portfolio in The Progressive Corporation (NYSE:PGR) for 387,354 shares. 47,772 were reported by Boston Private Wealth Lc. Highstreet Asset Management Inc stated it has 100 shares. Dorsey Wright Associate holds 31,052 shares. Moreover, Segall Bryant & Hamill Ltd Limited Liability Company has 0.16% invested in The Progressive Corporation (NYSE:PGR). Advisor Partners Ltd Llc stated it has 0.11% of its portfolio in The Progressive Corporation (NYSE:PGR). Minnesota-based Speece Thorson Capital Grp Inc Incorporated has invested 1.62% in The Progressive Corporation (NYSE:PGR). Caprock Group Incorporated accumulated 5,875 shares. Moreover, Suntrust Banks has 0.01% invested in The Progressive Corporation (NYSE:PGR). Peak Asset Mgmt Limited Liability invested in 0.11% or 6,486 shares.

Brown Brothers Harriman & Co, which manages about $12.77 billion and $18.77B US Long portfolio, upped its stake in Berkshire Hathaway Inc (BRKA) by 11 shares to 2,354 shares, valued at $646.74 million in 2017Q3, according to the filing. It also increased its holding in 3M Co (NYSE:MMM) by 1,605 shares in the quarter, for a total of 55,621 shares, and has risen its stake in Qualcomm Inc (NASDAQ:QCOM).

Since August 23, 2017, it had 0 insider purchases, and 2 insider sales for $727,470 activity. On Wednesday, October 18 the insider BASCH JEFFREY W sold $434,070. Shares for $293,400 were sold by Charney M Jeffrey on Friday, October 20.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 58 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, June 20. As per Tuesday, January 10, the company rating was upgraded by Goldman Sachs. The firm has “Underperform” rating given on Friday, November 6 by Credit Suisse. The firm has “Buy” rating by Sandler O’Neill given on Thursday, February 15. The firm earned “Buy” rating on Tuesday, March 21 by Sandler O’Neill. Wells Fargo maintained the shares of PGR in report on Friday, May 5 with “Hold” rating. The firm has “Strong Buy” rating by Raymond James given on Thursday, July 13. On Thursday, May 18 the stock rating was upgraded by Deutsche Bank to “Hold”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, August 16. The firm has “Hold” rating given on Wednesday, August 16 by Wells Fargo.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It is negative, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. 6,500 were accumulated by First Washington Corp. Intersect Cap Ltd Liability Company holds 2.15% or 157,022 shares. North Carolina-based Boys Arnold has invested 1.26% in General Electric Company (NYSE:GE). Shelter Insurance Retirement Plan holds 2.44% or 217,000 shares in its portfolio. Kornitzer Cap Ks reported 2.35 million shares. Amer Beacon Advsrs holds 0.62% or 2,158 shares in its portfolio. Beacon Group invested 0.35% in General Electric Company (NYSE:GE). 150 are held by Sageworth Tru. Aull Monroe Management Corp holds 1.53% or 122,602 shares. Dodge & Cox owns 870,606 shares for 0.02% of their portfolio. Cullen Frost Bankers has 1.02% invested in General Electric Company (NYSE:GE) for 1.28M shares. Avenir Corporation invested 0.03% in General Electric Company (NYSE:GE). Greenwood Gearhart Inc holds 213,458 shares. Principal Financial Grp Inc has invested 0.3% in General Electric Company (NYSE:GE). Panagora Asset Inc accumulated 2.85M shares or 0.27% of the stock.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, March 23 by BMO Capital Markets. The stock of General Electric Company (NYSE:GE) has “Positive” rating given on Thursday, March 23 by RBC Capital Markets. As per Wednesday, April 26, the company rating was downgraded by Bank of America. The stock of General Electric Company (NYSE:GE) earned “Market Perform” rating by Bernstein on Monday, April 4. Stifel Nicolaus maintained it with “Buy” rating and $39.0 target in Wednesday, October 14 report. As per Wednesday, April 12, the company rating was maintained by Credit Suisse. The firm earned “Buy” rating on Monday, November 13 by Langenberg. The firm has “Perform” rating given on Monday, September 21 by Oppenheimer. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Monday, July 17. The company was maintained on Thursday, October 5 by Credit Suisse.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: