Confluence Investment Management Lowered Progressive Corp. (PGR) Position By $1.65 Million; Chemical Bank Has Raised Its Stryker (SYK) Holding

The Progressive Corporation (NYSE:PGR) Logo

Chemical Bank increased Stryker Corporation (SYK) stake by 24.13% reported in 2017Q4 SEC filing. Chemical Bank acquired 2,515 shares as Stryker Corporation (SYK)’s stock rose 2.85%. The Chemical Bank holds 12,936 shares with $2.00 million value, up from 10,421 last quarter. Stryker Corporation now has $63.03 billion valuation. The stock decreased 0.28% or $0.48 during the last trading session, reaching $168.94. About 1.71M shares traded or 29.37% up from the average. Stryker Corporation (NYSE:SYK) has risen 19.66% since May 2, 2017 and is uptrending. It has outperformed by 8.11% the S&P500.

Confluence Investment Management Llc decreased Progressive Corp. (PGR) stake by 1.46% reported in 2017Q4 SEC filing. Confluence Investment Management Llc sold 29,426 shares as Progressive Corp. (PGR)’s stock rose 7.49%. The Confluence Investment Management Llc holds 1.99M shares with $112.21 million value, down from 2.02 million last quarter. Progressive Corp. now has $35.24 billion valuation. The stock increased 0.35% or $0.21 during the last trading session, reaching $60.5. About 1.93 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 2, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Confluence Investment Management Llc increased Digital Realty Trust Inc. (NYSE:DLR) stake by 7,088 shares to 417,129 valued at $47.51 million in 2017Q4. It also upped Black Knight Inc stake by 1.21 million shares and now owns 2.05 million shares. Materials Select Sector (XLB) was raised too.

Since April 25, 2018, it had 0 buys, and 1 insider sale for $121,236 activity. Another trade for 2,000 shares valued at $121,236 was made by Broz Steven on Wednesday, April 25.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive has $6900 highest and $25 lowest target. $50.19’s average target is -17.04% below currents $60.5 stock price. Progressive had 65 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by Citigroup to “Neutral” on Friday, October 14. Bank of America upgraded The Progressive Corporation (NYSE:PGR) rating on Monday, March 20. Bank of America has “Buy” rating and $46 target. Deutsche Bank maintained it with “Sell” rating and $28 target in Monday, September 19 report. The company was maintained on Wednesday, November 15 by Keefe Bruyette & Woods. Goldman Sachs maintained the stock with “Sell” rating in Thursday, March 17 report. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, April 17. The stock of The Progressive Corporation (NYSE:PGR) earned “Buy” rating by M Partners on Thursday, January 25. Citigroup maintained The Progressive Corporation (NYSE:PGR) on Thursday, August 17 with “Neutral” rating. The stock of The Progressive Corporation (NYSE:PGR) earned “Sell” rating by Citigroup on Thursday, June 2. The firm has “Buy” rating by Keefe Bruyette & Woods given on Sunday, July 23.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.10, from 1.07 in 2017Q3. It improved, as 32 investors sold PGR shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. First Interstate Bankshares holds 1,625 shares or 0.02% of its portfolio. New Jersey-based Lord Abbett & Ltd has invested 0.16% in The Progressive Corporation (NYSE:PGR). Primecap Mngmt Co Ca holds 0.2% of its portfolio in The Progressive Corporation (NYSE:PGR) for 4.52M shares. Wellington Mgmt Grp Inc Ltd Liability Partnership, Massachusetts-based fund reported 83,229 shares. Ameritas Invest Prns reported 12,824 shares. Moreover, Bancorporation Of Hawaii has 0.04% invested in The Progressive Corporation (NYSE:PGR) for 9,070 shares. Conning owns 13,257 shares. Sageworth Tru reported 54 shares. Apg Asset Nv has 1.26M shares for 0.11% of their portfolio. Peak Asset Management Lc has invested 0.12% in The Progressive Corporation (NYSE:PGR). Ancora Advsr Limited Liability Corporation stated it has 0.05% of its portfolio in The Progressive Corporation (NYSE:PGR). Cooke And Bieler Lp has invested 1.31% in The Progressive Corporation (NYSE:PGR). Citigroup reported 306,876 shares. 174,806 were reported by Shell Asset Mngmt. Bristol John W Inc New York holds 2.77% or 1.74M shares.

Since February 1, 2018, it had 0 buys, and 14 insider sales for $25.17 million activity. McLean Graham A had sold 2,984 shares worth $479,034 on Monday, February 5. Lobo Kevin had sold 39,808 shares worth $6.48 million on Wednesday, March 21. $120,000 worth of Stryker Corporation (NYSE:SYK) shares were sold by Boehnlein Glenn S. Another trade for 5,000 shares valued at $818,792 was made by Carpenter Lonny J on Friday, February 2. Berry William E Jr had sold 1,306 shares worth $214,730 on Thursday, February 1. Becker Yin C also sold $3.85 million worth of Stryker Corporation (NYSE:SYK) shares. Another trade for 2,572 shares valued at $412,114 was made by Owen Katherine Ann on Wednesday, March 21.

Among 30 analysts covering Stryker Corporation (NYSE:SYK), 20 have Buy rating, 1 Sell and 9 Hold. Therefore 67% are positive. Stryker Corporation had 97 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, July 28 by Jefferies. The stock of Stryker Corporation (NYSE:SYK) has “Sell” rating given on Friday, July 28 by Needham. On Wednesday, January 25 the stock rating was maintained by Canaccord Genuity with “Buy”. Canaccord Genuity maintained it with “Buy” rating and $155.0 target in Wednesday, August 23 report. Cowen & Co maintained the stock with “Buy” rating in Friday, October 6 report. The firm earned “Overweight” rating on Tuesday, January 2 by JP Morgan. The stock has “Sell” rating by Needham on Monday, June 19. The stock of Stryker Corporation (NYSE:SYK) has “Buy” rating given on Wednesday, January 31 by Stifel Nicolaus. Nomura initiated the shares of SYK in report on Thursday, March 17 with “Neutral” rating. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, January 30.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart