As Progressive Ohio (PGR) Valuation Rose, Wealthtrust Fairport Lifted Its Position by $775,776; Nomura Holdings Has Lifted Position in Citigroup (C) by $309,540

January 16, 2018 - By Kurt Siggers

Wealthtrust Fairport Llc increased its stake in Progressive Corp Ohio (PGR) by 7.7% based on its latest 2017Q3 regulatory filing with the SEC. Wealthtrust Fairport Llc bought 16,162 shares as the company’s stock rose 6.56% with the market. The institutional investor held 226,162 shares of the property-casualty insurers company at the end of 2017Q3, valued at $10.95M, up from 210,000 at the end of the previous reported quarter. Wealthtrust Fairport Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be bullish on the $32.65 billion market cap company. The stock increased 0.34% or $0.19 during the last trading session, reaching $56.13. About 410,454 shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since January 16, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Nomura Holdings Inc increased its stake in Citigroup Inc (C) by 1.6% based on its latest 2017Q3 regulatory filing with the SEC. Nomura Holdings Inc bought 4,422 shares as the company’s stock rose 1.55% with the market. The institutional investor held 281,222 shares of the major banks company at the end of 2017Q3, valued at $19.69 million, up from 276,800 at the end of the previous reported quarter. Nomura Holdings Inc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $205.10B market cap company. The stock increased 0.95% or $0.73 during the last trading session, reaching $77.57. About 6.75M shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since January 16, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It fall, 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. Howe & Rusling invested 0% of its portfolio in The Progressive Corporation (NYSE:PGR). Symphony Asset Mngmt Limited Liability Corporation holds 0.65% or 119,950 shares. Carnegie Asset Limited Liability Corp reported 0.18% in The Progressive Corporation (NYSE:PGR). Edge Wealth Management Lc reported 0% stake. Bluecrest Capital Ltd reported 0.16% of its portfolio in The Progressive Corporation (NYSE:PGR). Fred Alger Mngmt holds 0.02% or 93,995 shares in its portfolio. Beck Mack Oliver Limited Company reported 25,796 shares. Edgestream Prtn Limited Partnership has invested 0.27% in The Progressive Corporation (NYSE:PGR). The Bermuda-based Fil has invested 0.05% in The Progressive Corporation (NYSE:PGR). Madison Invest Hldg has invested 0.09% in The Progressive Corporation (NYSE:PGR). Capital Advisors Ltd invested 0.01% in The Progressive Corporation (NYSE:PGR). Canada Pension Plan Investment Board invested in 256,763 shares. Central Bank & Trust Trust has invested 1.1% of its portfolio in The Progressive Corporation (NYSE:PGR). Columbus Circle Investors invested in 191,919 shares. Ls Advisors Llc holds 0.15% of its portfolio in The Progressive Corporation (NYSE:PGR) for 52,405 shares.

Wealthtrust Fairport Llc, which manages about $1.31 billion and $947.77 million US Long portfolio, decreased its stake in Ishares Tr (IJR) by 36,692 shares to 477,037 shares, valued at $35.41 million in 2017Q3, according to the filing. It also reduced its holding in Procter And Gamble Co (NYSE:PG) by 3,538 shares in the quarter, leaving it with 92,375 shares, and cut its stake in Pimco Etf Tr (MINT).

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. The stock of The Progressive Corporation (NYSE:PGR) earned “Hold” rating by FBR Capital on Tuesday, July 18. The firm earned “Buy” rating on Monday, March 20 by Bank of America. Citigroup maintained The Progressive Corporation (NYSE:PGR) rating on Thursday, July 13. Citigroup has “Neutral” rating and $46 target. Sterne Agee CRT initiated the stock with “Neutral” rating in Monday, September 21 report. The firm has “Buy” rating given on Tuesday, September 19 by UBS. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) on Sunday, July 23 with “Buy” rating. The stock of The Progressive Corporation (NYSE:PGR) earned “Strong Buy” rating by Raymond James on Thursday, July 13. The rating was maintained by Morgan Stanley on Wednesday, October 18 with “Equal-Weight”. The rating was upgraded by Deutsche Bank to “Hold” on Thursday, May 18. The firm has “Hold” rating by Sandler O’Neill given on Thursday, December 17.

Since August 17, 2017, it had 0 insider buys, and 5 sales for $4.92 million activity. Shares for $293,400 were sold by Charney M Jeffrey. $60,913 worth of The Progressive Corporation (NYSE:PGR) was sold by Broz Steven on Wednesday, August 23. Sauerland John P sold $2.43M worth of The Progressive Corporation (NYSE:PGR) on Thursday, August 17. 35,000 The Progressive Corporation (NYSE:PGR) shares with value of $1.70 million were sold by Griffith Susan Patricia.

Among 38 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 16 Hold. Therefore 50% are positive. Citigroup Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. Wells Fargo downgraded Citigroup Inc. (NYSE:C) on Friday, July 8 to “Market Perform” rating. The firm has “Hold” rating given on Monday, November 28 by Jefferies. The company was initiated on Tuesday, October 6 by Susquehanna. Stifel Nicolaus downgraded Citigroup Inc. (NYSE:C) on Monday, October 9 to “Hold” rating. Morgan Stanley upgraded Citigroup Inc. (NYSE:C) on Monday, November 14 to “Overweight” rating. The firm earned “Buy” rating on Friday, October 13 by Nomura. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, January 26 report. The firm has “Hold” rating given on Tuesday, August 25 by Zacks. The company was downgraded on Monday, September 21 by Iberia Capital Partners. The rating was upgraded by Portales Partners on Thursday, January 7 to “Sector Perform”.

Nomura Holdings Inc, which manages about $47.55B US Long portfolio, decreased its stake in Time Warner Inc (Call) (NYSE:TWX) by 151,500 shares to 380,700 shares, valued at $38.98M in 2017Q3, according to the filing. It also reduced its holding in Synchrony Financial (Put) (NYSE:SYF) by 1.48 million shares in the quarter, leaving it with 125,000 shares, and cut its stake in Servicenow Inc (NYSE:NOW).

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