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New Vernon Investment Management Position In Progressive Ohio (PGR) Was Raised; Coca Cola Company (KO) Shareholder Waters Parkerson & Company Has Boosted Its Holding by $1.09 Million as Stock Price Rose

Waters Parkerson & Company increased its stake in Coca Cola Company (KO) by 9.54% based on its latest 2017Q3 regulatory filing with the SEC. Waters Parkerson & Company bought 24,252 shares as the company’s stock rose 6.48% with the market. The institutional investor held 278,379 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $12.53 million, up from 254,127 at the end of the previous reported quarter. Waters Parkerson & Company who had been investing in Coca Cola Company for a number of months, seems to be bullish on the $191.65B market cap company. The stock increased 0.45% or $0.2 during the last trading session, reaching $44.98. About 17.20M shares traded or 36.66% up from the average. The Coca-Cola Company (NYSE:KO) has declined 0.95% since February 17, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

New Vernon Investment Management Llc increased its stake in Progressive Corp Ohio (PGR) by 69.79% based on its latest 2017Q3 regulatory filing with the SEC. New Vernon Investment Management Llc bought 28,000 shares as the company’s stock rose 6.56% with the market. The hedge fund held 68,120 shares of the property-casualty insurers company at the end of 2017Q3, valued at $3.30M, up from 40,120 at the end of the previous reported quarter. New Vernon Investment Management Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be bullish on 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 5.28% up from the average. The Progressive Corporation (NYSE:PGR) has risen 26.23% since February 17, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Since August 15, 2017, it had 0 insider purchases, and 3 selling transactions for $5.80 million activity. Another trade for 100,000 shares valued at $4.61 million was sold by SMITH BRIAN JOHN. $1.30 million worth of stock was sold by RIVERA ALFREDO on Wednesday, August 16. $1.07M worth of The Coca-Cola Company (NYSE:KO) was sold by Waller Kathy N on Tuesday, January 16. $719,250 worth of The Coca-Cola Company (NYSE:KO) shares were sold by LONG ROBERT EDWARD.

Waters Parkerson & Company, which manages about $1.24B and $1.13B US Long portfolio, decreased its stake in Visa Inc Classa (NYSE:V) by 6,972 shares to 419,157 shares, valued at $44.11 million in 2017Q3, according to the filing.

Among 22 analysts covering Coca-Cola (NYSE:KO), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. Coca-Cola had 69 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank downgraded The Coca-Cola Company (NYSE:KO) rating on Tuesday, December 13. Deutsche Bank has “Hold” rating and $44 target. Bernstein maintained The Coca-Cola Company (NYSE:KO) rating on Tuesday, April 11. Bernstein has “Buy” rating and $48 target. Morgan Stanley downgraded the shares of KO in report on Friday, December 16 to “Equal-Weight” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, June 7. The rating was downgraded by Wells Fargo to “Market Perform” on Thursday, January 19. The firm has “Buy” rating given on Friday, September 25 by Deutsche Bank. On Friday, September 16 the stock rating was initiated by Credit Suisse with “Neutral”. Cowen & Co maintained the stock with “Hold” rating in Tuesday, August 22 report. Jefferies maintained the shares of KO in report on Tuesday, June 20 with “Hold” rating. The stock has “Buy” rating by Citigroup on Thursday, April 21.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.14, from 0.94 in 2017Q2. It is negative, as 48 investors sold KO shares while 641 reduced holdings. 94 funds opened positions while 456 raised stakes. 2.73 billion shares or 0.93% more from 2.70 billion shares in 2017Q2 were reported. Commerce Fincl Bank invested in 628,583 shares. 16,422 are owned by Brighton Jones Ltd. 11.63M are owned by American International Gru. Bnp Paribas Arbitrage accumulated 0.46% or 4.18 million shares. Montecito National Bank And Trust stated it has 1.97% of its portfolio in The Coca-Cola Company (NYSE:KO). Moreover, Grantham Mayo Van Otterloo & Limited Liability Corp has 1% invested in The Coca-Cola Company (NYSE:KO) for 3.79 million shares. Lenox Wealth Mgmt Inc accumulated 2,638 shares. Ipswich Investment Inc owns 35,385 shares. Louisiana State Employees Retirement Systems, Louisiana-based fund reported 239,700 shares. Knott David M holds 0.26% in The Coca-Cola Company (NYSE:KO) or 13,400 shares. Hudock Gru Limited Liability Com invested in 0.73% or 34,766 shares. Moreover, State Treasurer State Of Michigan has 0.42% invested in The Coca-Cola Company (NYSE:KO) for 1.16M shares. Thomas Story & Son Limited Liability Company invested in 68,415 shares or 1.66% of the stock. Grandfield & Dodd Limited Com has invested 0.23% in The Coca-Cola Company (NYSE:KO). Fjarde Ap holds 0.82% or 950,917 shares in its portfolio.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive has $65 highest and $25 lowest target. $48.25’s average target is -15.87% below currents $57.35 stock price. Progressive had 58 analyst reports since August 6, 2015 according to SRatingsIntel. Wells Fargo maintained the stock with “Hold” rating in Tuesday, July 18 report. Morgan Stanley upgraded the shares of PGR in report on Thursday, January 5 to “Equal-Weight” rating. The rating was maintained by Sandler O’Neill with “Buy” on Thursday, February 15. The firm earned “Neutral” rating on Monday, September 21 by Sterne Agee CRT. The firm earned “Neutral” rating on Thursday, August 17 by Citigroup. The rating was maintained by UBS on Thursday, January 25 with “Buy”. The stock has “Sell” rating by Deutsche Bank on Monday, September 19. The stock of The Progressive Corporation (NYSE:PGR) earned “Sell” rating by Goldman Sachs on Thursday, March 17. The company was maintained on Monday, December 4 by Keefe Bruyette & Woods. Bernstein downgraded The Progressive Corporation (NYSE:PGR) on Tuesday, January 19 to “Market Perform” rating.

Since August 17, 2017, it had 0 insider purchases, and 3 insider sales for $788,383 activity. BASCH JEFFREY W sold $434,070 worth of stock or 9,000 shares. On Thursday, August 17 the insider Griffith Susan Patricia sold $1.70M. Broz Steven had sold 1,250 shares worth $60,913 on Wednesday, August 23. 6,000 shares valued at $293,400 were sold by Charney M Jeffrey on Friday, October 20.

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