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Progressive Corp. reported strong Q4 earnings, despite a minor institutional share shift.
The Progressive Corporation saw a slight drop in shares held by Bank of Nova Scotia but reported strong Q4 earnings of $4.08 EPS, beating estimates.
Institutional investors own 85.34% of its stock.
Analysts have mixed views, with a "Moderate Buy" consensus rating and a $280.29 target price.
Progressive offers various insurance products and has a market cap of $149.51 billion.
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Progressive Corp. reportó fuertes ganancias Q4, a pesar de un menor cambio de acciones institucionales.