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Axa Has $53.68 Million Stake in Progressive Corp (NYSE:PGR) – TechNewsObserver

CIBC Asset Management Inc now owns 57,954 shares of the insurance provider’s stock valued at $4,632,000 after purchasing an additional 1,714 shares during the period. Shares of Progressive stock opened at $76.98 on Friday. The stock has a market capitalization of $44.87 billion, a P/E ratio of 17.42, a PEG ratio of 1.93 and a beta of 0.68. The insurance provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23.

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