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Verde Capital Management boosted its stake in Progressive, which beat earnings forecasts, by 9.3% to $2.5 million.
Verde Capital Management increased its investment in The Progressive Corporation by 9.3% in the second quarter, now owning $2.5 million worth of stock.
Progressive reported strong earnings of $4.88 per share, surpassing analysts' expectations by $0.45.
The company has a market cap of $145.55 billion.
Analysts predict Progressive will post earnings of $14.68 per share for the current fiscal year.
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Verde Capital Management aumentó su participación en Progressive, que superó las previsiones de ganancias, en un 9.3% a $2.5 millones.