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BlackRock Inc. Increases Holdings in Progressive Corp (NYSE:PGR) – TechNewsObserver

BlackRock Inc. grew its holdings in shares of Progressive Corp (NYSE:PGR) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. HighTower Advisors LLC now owns 32,964 shares of the insurance provider’s stock worth $2,640,000 after purchasing an additional 24,033 shares during the period. The company has a market capitalization of $42.49 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.92 and a beta of 0.68. In other news, CEO Susan Patricia Griffith sold 22,500 shares of the stock in a transaction that occurred on Thursday, August 15th.

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