Encompass More cut Progressive holdings, but analysts upgraded PGR with a higher price target despite CEO share sales.

Encompass More Asset Management cut its holdings in Progressive Co. by 25.9% in Q3, while other firms like Diversified Trust Co and Sycomore Asset Management increased their stakes. Progressive reported strong earnings with $3.58 EPS, beating estimates, despite which CEO Susan Patricia Griffith sold shares. Analysts have upgraded ratings on PGR, with a "Moderate Buy" consensus and a $269.81 average price target. Institutional investors own 85.34% of the company's stock.

November 30, 2024
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