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Progressive Ohio (PGR) Valuation Rose While Longview Partners Guernsey LTD Cut Its Position by $645.13 Million; Veritable LP Raised Its Position in Martin Marietta Matls (MLM) by $901,456

Longview Partners Guernsey Ltd decreased its stake in Progressive Corp Ohio (PGR) by 68.76% based on its latest 2017Q3 regulatory filing with the SEC. Longview Partners Guernsey Ltd sold 13.44 million shares as the company’s stock rose 6.56% with the market. The institutional investor held 6.11M shares of the property-casualty insurers company at the end of 2017Q3, valued at $295.69 million, down from 19.55M at the end of the previous reported quarter. Longview Partners Guernsey Ltd who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $33.36B market cap company. The stock increased 1.00% or $0.57 during the last trading session, reaching $57.35. About 3.70 million shares traded or 4.66% up from the average. The Progressive Corporation (NYSE:PGR) has risen 26.23% since February 19, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Veritable Lp increased its stake in Martin Marietta Matls Inc (MLM) by 28.94% based on its latest 2017Q3 regulatory filing with the SEC. Veritable Lp bought 4,376 shares as the company’s stock rose 4.98% with the market. The institutional investor held 19,496 shares of the basic industries company at the end of 2017Q3, valued at $4.02M, up from 15,120 at the end of the previous reported quarter. Veritable Lp who had been investing in Martin Marietta Matls Inc for a number of months, seems to be bullish on the $13.59B market cap company. The stock decreased 2.85% or $6.34 during the last trading session, reaching $216.25. About 720,248 shares traded or 4.40% up from the average. Martin Marietta Materials, Inc. (NYSE:MLM) has risen 23.49% since February 19, 2017 and is uptrending. It has outperformed by 6.79% the S&P500.

Among 13 analysts covering Martin Marietta (NYSE:MLM), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Martin Marietta had 30 analyst reports since August 5, 2015 according to SRatingsIntel. Bank of America maintained Martin Marietta Materials, Inc. (NYSE:MLM) on Thursday, August 6 with “Buy” rating. The stock of Martin Marietta Materials, Inc. (NYSE:MLM) earned “Buy” rating by SunTrust on Thursday, October 26. The firm earned “Hold” rating on Tuesday, December 12 by Barclays Capital. The stock has “Hold” rating by Jefferies on Monday, August 21. The firm earned “Neutral” rating on Wednesday, November 16 by Bank of America. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, September 6. The rating was maintained by Bank of America on Thursday, October 19 with “Neutral”. The firm earned “Buy” rating on Wednesday, June 8 by Goldman Sachs. The company was maintained on Wednesday, August 5 by Stifel Nicolaus. The stock has “Hold” rating by Stephens on Wednesday, January 3.

Since February 14, 2018, it had 0 insider buys, and 1 sale for $642,000 activity.

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.30, from 0.98 in 2017Q2. It increased, as 40 investors sold MLM shares while 130 reduced holdings. 53 funds opened positions while 165 raised stakes. 59.73 million shares or 1.72% more from 58.73 million shares in 2017Q2 were reported. Contravisory Mgmt has invested 0% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). Oppenheimer And Company Inc holds 0.1% or 18,191 shares in its portfolio. Pnc Finance Services Group reported 0.01% stake. Aqr Capital Mngmt Lc holds 0% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM) for 6,497 shares. 1,612 were accumulated by Fayez Sarofim And Company. Utd Svcs Automobile Association holds 0.01% or 19,429 shares in its portfolio. Northern Trust holds 0.04% or 741,603 shares. Shell Asset stated it has 0.02% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MLM). 3,044 were reported by Nordea Invest Mngmt Ab. Mitchell Mngmt, a Kansas-based fund reported 20,777 shares. Wellington Mngmt Grp Inc Ltd Liability Partnership holds 0.01% or 235,107 shares. Stifel Fincl invested in 41,081 shares. Dynamic Capital Mgmt Limited reported 6,080 shares stake. Hsbc Holdg Public Ltd Company accumulated 0.01% or 40,835 shares. Fmr Llc has invested 0.03% in Martin Marietta Materials, Inc. (NYSE:MLM).

Veritable Lp, which manages about $12.94 billion and $4.75 billion US Long portfolio, decreased its stake in Liberty Ppty Tr (NYSE:LPT) by 11,748 shares to 6,620 shares, valued at $272,000 in 2017Q3, according to the filing. It also reduced its holding in Wal (NYSE:WMT) by 4,354 shares in the quarter, leaving it with 56,944 shares, and cut its stake in Verizon Communications Inc (NYSE:VZ).

Longview Partners Guernsey Ltd, which manages about $19.52B and $18.51 billion US Long portfolio, upped its stake in Omnicom Group Inc (NYSE:OMC) by 1.65M shares to 5.65M shares, valued at $418.77 million in 2017Q3, according to the filing. It also increased its holding in Fiserv Inc (NASDAQ:FISV) by 1.02 million shares in the quarter, for a total of 5.39M shares, and has risen its stake in State Str Corp (NYSE:STT).

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 stock has “Buy” rating by Bank of America on Monday, March 20. Keefe Bruyette & Woods upgraded The Progressive Corporation (NYSE:PGR) on Friday, September 16 to “Mkt Perform” rating. Wells Fargo maintained the shares of PGR in report on Wednesday, June 14 with “Hold” rating. The rating was downgraded by Citigroup to “Neutral” on Tuesday, December 1. Goldman Sachs maintained it with “Sell” rating and $29 target in Thursday, March 17 report. The rating was maintained by Keefe Bruyette & Woods on Sunday, July 23 with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, August 16. M Partners maintained it with “Buy” rating and $65 target in Thursday, January 25 report. The company was upgraded on Thursday, July 13 by Raymond James. The rating was downgraded by Goldman Sachs to “Sell” on Monday, November 16.

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