Bessemer Group Has Lifted Progressive Ohio (PGR) Stake By $882,552; Kornitzer Capital Management Has Increased Hollyfrontier (Hfc) (HFC) Position

November 15, 2017 - By Hazel Jackson

Kornitzer Capital Management Inc increased Hollyfrontier Corp (Hfc) (HFC) stake by 1.16% reported in 2017Q2 SEC filing. Kornitzer Capital Management Inc acquired 18,970 shares as Hollyfrontier Corp (Hfc) (HFC)’s stock declined 11.80%. The Kornitzer Capital Management Inc holds 1.65M shares with $45.30M value, up from 1.63M last quarter. Hollyfrontier Corp (Hfc) now has $7.59 billion valuation. The stock increased 2.37% or $0.99 during the last trading session, reaching $42.84. About shares traded. HollyFrontier Corp (NYSE:HFC) has declined 4.11% since November 15, 2016 and is downtrending. It has underperformed by 20.81% the S&P500.

Bessemer Group Inc increased Progressive Corp Ohio (PGR) stake by 138.16% reported in 2017Q2 SEC filing. Bessemer Group Inc acquired 20,058 shares as Progressive Corp Ohio (PGR)’s stock rose 6.56%. The Bessemer Group Inc holds 34,576 shares with $1.52 million value, up from 14,518 last quarter. Progressive Corp Ohio now has $29.83B valuation. The stock increased 0.33% or $0.17 during the last trading session, reaching $51.28. About shares traded. Progressive Corp (NYSE:PGR) has risen 26.23% since November 15, 2016 and is uptrending. It has outperformed by 9.53% the S&P500.

Bessemer Group Inc decreased General Electric Co (NYSE:GE) stake by 54,692 shares to 594,386 valued at $16.06M in 2017Q2. It also reduced Doubleline Income Solutions Fu (DSL) stake by 133,000 shares and now owns 695,668 shares. Morgan Stanley Grp Inc (NYSE:MS) was reduced too.

Investors sentiment is 1.19 in 2017 Q2. Its the same as in 2017Q1. It is the same, as 32 investors sold PGR shares while 188 reduced holdings. only 76 funds opened positions while 185 raised stakes. 449.71 million shares or 0.33% less from 451.19 million shares in 2017Q1 were reported. Moreover, Daiwa Secs Grp has 0.01% invested in Progressive Corp (NYSE:PGR) for 30,450 shares. Paloma Partners Mgmt owns 0.01% invested in Progressive Corp (NYSE:PGR) for 17,474 shares. Ballentine Prns Ltd Liability Com holds 5,375 shares or 0.02% of its portfolio. Mirae Asset Glob Invs Limited has 67,434 shares for 0.05% of their portfolio. London Of Virginia invested in 1.04% or 3.49M shares. Nicholas Prtnrs LP accumulated 200,247 shares. Glenmede Na invested in 292,021 shares or 0.05% of the stock. Chevy Chase Trust Holdg Incorporated owns 505,493 shares. Walleye Trading Llc reported 21,485 shares stake. Prudential Public Limited Co holds 0% or 7,100 shares in its portfolio. 102,857 are owned by M&T National Bank Corporation. Winfield Associates Inc holds 5,810 shares. Metropolitan Life has invested 0.09% of its portfolio in Progressive Corp (NYSE:PGR). Weik Serv holds 112,380 shares. Cooke Bieler Lp reported 2.12% in Progressive Corp (NYSE:PGR).

Since May 22, 2017, it had 0 insider buys, and 3 insider sales for $2.50 million activity. 50,000 shares were sold by CODY WILLIAM M, worth $2.23 million. On Monday, May 22 the insider Broz Steven sold $45,705. Another trade for 5,000 shares valued at $223,695 was sold by Sieger Michael D.

Among 18 analysts covering Progressive (NYSE:PGR), 7 have Buy rating, 3 Sell and 8 Hold. Therefore 39% are positive. Progressive has $56.0 highest and $25 lowest target. $41.36’s average target is -19.34% below currents $51.28 stock price. Progressive had 47 analyst reports since August 6, 2015 according to SRatingsIntel. On Tuesday, January 10 the stock rating was upgraded by Goldman Sachs to “Neutral”. The stock of Progressive Corp (NYSE:PGR) has “Underweight” rating given on Monday, October 16 by Barclays Capital. The firm has “Equal-Weight” rating given on Thursday, January 5 by Morgan Stanley. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, October 18. On Thursday, June 2 the stock rating was downgraded by Citigroup to “Sell”. The stock of Progressive Corp (NYSE:PGR) earned “Neutral” rating by Citigroup on Friday, October 14. The stock of Progressive Corp (NYSE:PGR) earned “Hold” rating by Wells Fargo on Friday, May 5. Keefe Bruyette & Woods maintained the shares of PGR in report on Tuesday, June 20 with “Buy” rating. The stock of Progressive Corp (NYSE:PGR) earned “Hold” rating by Wells Fargo on Thursday, August 3. The stock of Progressive Corp (NYSE:PGR) has “Hold” rating given on Tuesday, July 18 by FBR Capital.

Kornitzer Capital Management Inc decreased Biogen Inc (NASDAQ:BIIB) stake by 1,905 shares to 38,985 valued at $10.58M in 2017Q2. It also reduced Corecivic Inc stake by 53,600 shares and now owns 673,145 shares. Pitney Bowes Inc (NYSE:PBI) was reduced too.

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