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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 2 sources · 17 days · First seen · Last updated

Institutional investment shifts in The Progressive Corp

Overview

Institutional investors have adjusted their holdings in The Progressive Corporation. During the first quarter, Janus Henderson Group PLC reduced its stake in the insurer by 13.1%, selling 715,686 shares to leave a total of 4,731,581 shares.

By the second quarter, further shifts occurred. Avalon Trust Co established a new position by purchasing 118,434 shares valued at approximately $25.87 million. Concurrently, River Road Asset Management LLC decreased its position by 3.1%, selling 14,955 shares.

Entities

The Progressive Corporation · Readystate Asset Management LP · Quantinno Capital Management LP · Sam Sledge · Janus Henderson Group PLC

Timeline

  1. 27 days ago

    [BUSINESS] 2 sources
    The Progressive Corporation sees shifts in institutional holdings

    Institutional investors are adjusting stakes in The Progressive Corporation, with Avalon Trust Co taking a new $25.87 million position while River Road Asset Management LLC trimmed its holdings.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Investors cut Progressive stake, boost WEX holdings

    Janus Henderson cut its Progressive stake by 13% to $938 M, while Quantinno more than doubled its WEX holding to $33 M.

Sources

mommygearest.com · stocknews.com