Rmb Capital Management Has Cut Its Progressive Ohio (PGR) Holding as Stock Value Rose; Microsoft (MSFT) Valuation Rose While Iowa State Bank Decreased by $317,475 Its Position

May 18, 2018 - By Louis Casey

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Iowa State Bank decreased its stake in Microsoft Corp (MSFT) by 4.31% based on its latest 2017Q4 regulatory filing with the SEC. Iowa State Bank sold 3,735 shares as the company’s stock rose 4.63% while stock markets declined. The institutional investor held 82,959 shares of the prepackaged software company at the end of 2017Q4, valued at $7.10 million, down from 86,694 at the end of the previous reported quarter. Iowa State Bank who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $740.85B market cap company. The stock increased 0.25% or $0.25 during the last trading session, reaching $96.43. About 2.12M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 18, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Rmb Capital Management Llc decreased its stake in Progressive Corp Ohio (PGR) by 94.21% based on its latest 2017Q4 regulatory filing with the SEC. Rmb Capital Management Llc sold 128,123 shares as the company’s stock rose 7.49% while stock markets declined. The hedge fund held 7,877 shares of the property-casualty insurers company at the end of 2017Q4, valued at $444,000, down from 136,000 at the end of the previous reported quarter. Rmb Capital Management Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $35.18B market cap company. The stock increased 0.07% or $0.04 during the last trading session, reaching $60.4. About 96,914 shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 18, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Rmb Capital Management Llc, which manages about $3.98B and $3.85B US Long portfolio, upped its stake in Kimberly Clark Corp (NYSE:KMB) by 2,950 shares to 21,060 shares, valued at $2.54M in 2017Q4, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 89,421 shares in the quarter, for a total of 293,421 shares, and has risen its stake in Stericycle Inc (NASDAQ:SRCL).

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.10, from 1.07 in 2017Q3. It increased, as 32 investors sold PGR shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. Marshall Wace Llp owns 0.01% invested in The Progressive Corporation (NYSE:PGR) for 4,536 shares. Paloma Management invested in 6,509 shares or 0% of the stock. Renaissance Investment Grp Limited Liability Corporation has invested 0.09% of its portfolio in The Progressive Corporation (NYSE:PGR). Lazard Asset Limited Liability reported 88,479 shares or 0.01% of all its holdings. Oakbrook Invests Limited Liability Corporation holds 0.19% of its portfolio in The Progressive Corporation (NYSE:PGR) for 52,380 shares. Moreover, Lenox Wealth Advsr has 0% invested in The Progressive Corporation (NYSE:PGR). Bbva Compass Bank & Trust has invested 0.2% of its portfolio in The Progressive Corporation (NYSE:PGR). Advisory Ser Net Limited Liability Com has invested 0.11% of its portfolio in The Progressive Corporation (NYSE:PGR). Aqr Ltd accumulated 1.51 million shares. Schroder Mgmt Grp holds 0.02% or 163,733 shares. Caxton Assocs Lp accumulated 23,756 shares. Mcf Ltd Co accumulated 0.01% or 500 shares. Strs Ohio holds 39,611 shares. Brown Brothers Harriman reported 425,556 shares. Balyasny Asset Lc invested in 561,887 shares.

Among 21 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. Progressive had 68 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Thursday, May 17 by Buckingham Research. Credit Suisse maintained it with “Underperform” rating and $42 target in Monday, September 18 report. The company was maintained on Friday, August 11 by Barclays Capital. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. Credit Suisse downgraded The Progressive Corporation (NYSE:PGR) rating on Friday, November 6. Credit Suisse has “Underperform” rating and $29 target. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) rating on Tuesday, April 17. Keefe Bruyette & Woods has “Buy” rating and $6600 target. The firm earned “Sell” rating on Monday, September 19 by Deutsche Bank. The company was initiated on Monday, September 21 by Sterne Agee CRT. Sandler O’Neill maintained The Progressive Corporation (NYSE:PGR) on Tuesday, April 17 with “Buy” rating. M Partners maintained the shares of PGR in report on Thursday, January 25 with “Buy” rating.

More news for The Progressive Corporation (NYSE:PGR) were recently published by: Crainscleveland.com, which released: “Progressive Corp. appoints its first female board chair” on May 14, 2018. Seekingalpha.com‘s article titled: “Progressive Corporation 2018 Q1 – Results – Earnings Call Slides” and published on May 04, 2018 is yet another important article.

Since April 25, 2018, it had 0 insider buys, and 1 sale for $121,236 activity.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on July, 17. They expect $0.84 EPS, up 42.37% or $0.25 from last year’s $0.59 per share. PGR’s profit will be $489.20 million for 17.98 P/E if the $0.84 EPS becomes a reality. After $1.22 actual EPS reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -31.15% negative EPS growth.

Since February 16, 2018, it had 0 insider buys, and 3 insider sales for $930,912 activity.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 19. They expect $1.08 EPS, up 10.20% or $0.10 from last year’s $0.98 per share. MSFT’s profit will be $8.30 billion for 22.32 P/E if the $1.08 EPS becomes a reality. After $0.95 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 13.68% EPS growth.

Investors sentiment decreased to 0.77 in Q4 2017. Its down 0.06, from 0.83 in 2017Q3. It turned negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 134 funds opened positions while 676 raised stakes. 5.46 billion shares or 0.90% less from 5.51 billion shares in 2017Q3 were reported. Captrust Financial accumulated 212,431 shares or 1.1% of the stock. Moreover, Country Tru Savings Bank has 2.49% invested in Microsoft Corporation (NASDAQ:MSFT). Santa Barbara Asset Mgmt Limited Co reported 3.19M shares. Hengehold Management Limited Liability Company reported 0.93% stake. Brighton Jones Lc invested 5.63% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Wespac Advsrs Ltd invested in 6,076 shares or 0.48% of the stock. Diker Mgmt Ltd Co holds 0.48% or 15,751 shares in its portfolio. Altfest L J And Incorporated stated it has 58,500 shares or 1.9% of all its holdings. Newman Dignan And Sheerar reported 2.24% in Microsoft Corporation (NASDAQ:MSFT). Timber Hill Ltd Company reported 126,089 shares. Cortland Associates Inc Mo reported 5,430 shares stake. Boyd Watterson Asset Management Ltd Liability Oh holds 2.65% in Microsoft Corporation (NASDAQ:MSFT) or 64,143 shares. State Of New Jersey Common Pension Fund D has 2.88% invested in Microsoft Corporation (NASDAQ:MSFT) for 8.88 million shares. 132,094 were accumulated by Carlson Lp. Swarthmore Grp Inc Inc Inc reported 1.29% in Microsoft Corporation (NASDAQ:MSFT).

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Investorplace.com which released: “3 Stocks to Watch on Thursday: Booking Holdings Inc (BKNG), Microsoft Corporation (MSFT) and Qualcomm, Inc …” on May 10, 2018, also Seekingalpha.com with their article: “Microsoft Does It Again” published on May 01, 2018, 247Wallst.com published: “Microsoft Catches Amazon as Second Most Valuable Company” on April 25, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Nasdaq.com and their article: “Microsoft Corporation Replacing Surface Pro 4s in “Flickergate” Resolution” published on May 14, 2018 as well as 247Wallst.com‘s news article titled: “Will Microsoft’s Q1 Earnings Boost Its Valuation?” with publication date: April 26, 2018.

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