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Fayez Sarofim & Company Boosted Stake in Southwestairlinesco (LUV); Van Cleef Asset Managementinc Has Trimmed Its Progressive Ohio (PGR) Stake as Valuation Rose

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Van Cleef Asset Managementinc decreased its stake in Progressive Corp Ohio (PGR) by 1.26% based on its latest 2017Q4 regulatory filing with the SEC. Van Cleef Asset Managementinc sold 11,720 shares as the company’s stock rose 7.49% while stock markets declined. The institutional investor held 917,572 shares of the property-casualty insurers company at the end of 2017Q4, valued at $51.68 million, down from 929,292 at the end of the previous reported quarter. Van Cleef Asset Managementinc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $35.83B market cap company. The stock decreased 0.61% or $0.38 during the last trading session, reaching $61.53. About 2.38 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 16, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Fayez Sarofim & Company increased its stake in Southwestairlinesco (LUV) by 33.22% based on its latest 2017Q4 regulatory filing with the SEC. Fayez Sarofim & Company bought 50,619 shares as the company’s stock declined 14.07% with the market. The institutional investor held 203,008 shares of the air freight and delivery services company at the end of 2017Q4, valued at $13.29M, up from 152,389 at the end of the previous reported quarter. Fayez Sarofim & Company who had been investing in Southwestairlinesco for a number of months, seems to be bullish on the $30.72B market cap company. The stock increased 2.50% or $1.29 during the last trading session, reaching $52.99. About 4.80 million shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 7.20% since May 16, 2017 and is uptrending. It has underperformed by 4.35% the S&P500.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 65 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, April 17. FBR Capital maintained The Progressive Corporation (NYSE:PGR) on Tuesday, July 11 with “Hold” rating. On Monday, September 18 the stock rating was maintained by Credit Suisse with “Underperform”. UBS maintained it with “Buy” rating and $52 target in Tuesday, September 19 report. The stock has “Neutral” rating by Sterne Agee CRT on Monday, September 21. As per Tuesday, April 17, the company rating was maintained by Sandler O’Neill. The company was maintained on Thursday, August 17 by Citigroup. The rating was maintained by Morgan Stanley on Wednesday, April 18 with “Equal-Weight”. The rating was maintained by Morgan Stanley on Wednesday, October 18 with “Equal-Weight”. The firm has “Sell” rating given on Thursday, June 2 by Citigroup.

Since April 25, 2018, it had 0 insider buys, and 1 insider sale for $121,236 activity.

More news for The Progressive Corporation (NYSE:PGR) were recently published by: Seekingalpha.com, which released: “Progressive’s Dashboard Report – March 2018 Update” on April 18, 2018. Crainscleveland.com‘s article titled: “Progressive Corp. appoints its first female board chair” and published on May 14, 2018 is yet another important article.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on July, 17. They expect $0.84 earnings per share, up 42.37% or $0.25 from last year’s $0.59 per share. PGR’s profit will be $489.20M for 18.31 P/E if the $0.84 EPS becomes a reality. After $1.22 actual earnings per share reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -31.15% negative EPS growth.

Van Cleef Asset Managementinc, which manages about $323.12 million and $405.67M US Long portfolio, upped its stake in Mcdonalds Corp (NYSE:MCD) by 3,145 shares to 5,619 shares, valued at $967,000 in 2017Q4, according to the filing. It also increased its holding in Merck & Co Inc (NYSE:MRK) by 9,113 shares in the quarter, for a total of 32,456 shares, and has risen its stake in Disney Walt Co (NYSE:DIS).

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.10, from 1.07 in 2017Q3. It increased, 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. Credit Suisse Ag holds 0.08% of its portfolio in The Progressive Corporation (NYSE:PGR) for 1.60 million shares. Fukoku Mutual Life Com invested in 5,900 shares. Benjamin F Edwards & Inc, a Missouri-based fund reported 555 shares. Glob reported 21.29 million shares stake. Renaissance Gru Incorporated Llc has 0.01% invested in The Progressive Corporation (NYSE:PGR) for 5,083 shares. Metropolitan Life Ins Co, a New York-based fund reported 114,978 shares. Fifth Third Fincl Bank has invested 0.01% in The Progressive Corporation (NYSE:PGR). Commerzbank Aktiengesellschaft Fi owns 31,936 shares. Sei Investments holds 0.08% or 424,866 shares. Advisor Prtnrs Ltd Com owns 11,459 shares. Lombard Odier Asset Mgmt (Switzerland) holds 0.19% or 35,308 shares. Raymond James Trust Na holds 41,160 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt has invested 0.11% in The Progressive Corporation (NYSE:PGR). Rothschild Inv Il has invested 0.25% in The Progressive Corporation (NYSE:PGR). First Quadrant Lp Ca stated it has 0.41% in The Progressive Corporation (NYSE:PGR).

Among 20 analysts covering Southwest Airlines Co. (NYSE:LUV), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Southwest Airlines Co. had 74 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Friday, October 27 by Cowen & Co. Buckingham Research maintained the shares of LUV in report on Monday, May 14 with “Buy” rating. The firm has “Outperform” rating given on Thursday, January 12 by Imperial Capital. As per Thursday, March 22, the company rating was upgraded by Buckingham Research. Deutsche Bank maintained the shares of LUV in report on Friday, October 23 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, September 27. The stock has “Outperform” rating by Bernstein on Tuesday, October 11. JP Morgan maintained the stock with “Overweight” rating in Thursday, February 4 report. The rating was initiated by Imperial Capital on Friday, September 9 with “Outperform”. The firm has “Outperform” rating given on Tuesday, April 12 by Credit Suisse.

More notable recent Southwest Airlines Co. (NYSE:LUV) news were published by: Streetinsider.com which released: “Southwest Airlines (LUV) Raises Quarterly Dividend 28% to $0.16; Approves $2B Buyback” on May 16, 2018, also Streetinsider.com with their article: “Buffett’s Berkshire 13F Confirms Increase in Apple (AAPL) Stake Along with Increase in Holdings of Teva (TEVA) (More…)” published on May 15, 2018, Streetinsider.com published: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” on May 15, 2018. More interesting news about Southwest Airlines Co. (NYSE:LUV) were released by: Bizjournals.com and their article: “Southwest Airlines finds no fan blade failures, but sends ‘several dozen’ for further examination” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Highlights from Appaloosa’s Q1” with publication date: May 15, 2018.

Fayez Sarofim & Company, which manages about $31.66B and $19.30B US Long portfolio, decreased its stake in Philipmorrisint’linc. (NYSE:PM) by 439,332 shares to 15.26M shares, valued at $1.61B in 2017Q4, according to the filing. It also reduced its holding in Microsoftcorp (NASDAQ:MSFT) by 312,545 shares in the quarter, leaving it with 6.52 million shares, and cut its stake in Kelloggco (NYSE:K).

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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