Prospector Partners LLC significantly reduced its stake in The Progressive Corporation by 21.9% during the third quarter, now holding 53,841 shares valued at $13.3 million. Insider selling has also occurred, with CFO John P. Sauerland and other insiders divesting shares worth millions. Analyst sentiment is generally mixed-to-cautious, with an average “Hold” rating and a consensus price target of $250.35, following several recent downgrades.
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Prospector Partners LLC Trims Stake in The Progressive Corporation $PGR
Prospector Partners LLC significantly reduced its stake in The Progressive Corporation by 21.9% during the third quarter, now holding 53,841 shares valued at $13.3 million. Insider selling has also occurred, with CFO John P. Sauerland and other insiders divesting shares worth millions. Analyst sentiment is generally mixed-to-cautious, with an average “Hold” rating and a consensus price target of $250.35, following several recent downgrades.