Capital Research Global Investors Adds $2.3B in The Progressive Corporation ($PGR)
Key Points
- Capital Research Global Investors changed its The Progressive Corporation ($PGR) stake by 102.6% last quarter, boosting to 22,574,142 shares worth $4.57 billion.
- Wall Street's consensus rating on $PGR is Hold and an average price target of $230.86.
- $PGR last traded around $202.26.
Capital Research Global Investors increased its position in The Progressive Corporation ($PGR) by 102.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,574,142 shares of The Progressive Corporation after buying 11,430,114 shares during the quarter. Capital Research Global Investors's holdings in The Progressive Corporation were worth $4.57 billion as of its most recent filing.
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About The Progressive Corporation
The Progressive Corporation operates as an insurance company in the United States. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. The company also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos; business-related general liability and commercial property insurance for small businesses; and workers' compensation insurance for the transportation industry. In addition, it offers other specialty property-casualty insurance and provides related services; personal property reinsurance products; and involved in investment activities. It sells its products through independent insurance agencies, as well as online and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
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