Procurement News Notice |
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| PNN | 1718 |
| Work Detail | Progressive Corp. (PGR) failed to extend gains with the stock declining -0.28% or $-0.09 to close the day at $32.24 on light trading volume of 2.03M shares, compared to its three month average trading volume of 2.67M. The Mayfield Village Ohio 44143 based company has been outperforming the property & casualty insurance group over the past 52 weeks, with the stock gaining 9.7%, compared to the industry which has advanced 8.75% over the same period. With RSI of 35.98, the stock should still continue to rise and get closer to its one year target estimate of $32.63, making it a hold for now. The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. The company’s Commercial Lines segment provides primary liability, physical damage, and other auto-related insurance for autos, vans, and pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides personal and commercial property insurance, personal umbrella insurance, and primary and excess flood insurance products for homeowners, other property owners, and renters. The company also offers policy issuance and claims adjusting services for the commercial auto insurance procedures/plans; home, condominium, and renters insurance; and general liability and business owners policies, and workers’ compensation insurance, as well as sells personal auto physical damage and property damage liability insurance in Australia. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on the Internet, mobile devices, and over the phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio. CA, Inc. (CA) climbed 0.5% during last trading as the stock added $0.17 to finish the day at $34.08 with about 2.03M shares changing hands, compared to its three month average trading volume of 2.37M. The $14.21B market cap company, which fluctuated between $33.9 and $34.36 during the day, currently situated 38.75% above its 52 week low of $25.18 and -1.87% away from its one year high of $34.99. The RSI of 57.14 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now. CA, Inc. provides information technology (IT) management software and solutions that help organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. The company operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment’s products portfolio include databases and database management, systems and operations management, application development, and security and compliance. The Enterprise Solutions segment provides products that are designed for distributed and cloud computing environments and run on industry standard servers. It offers Agile management solutions, which enables customers to plan and manage software development process and IT services delivery; DevOps solutions comprising a range of solutions that allow customers to deliver and manage applications and IT infrastructure; and security solutions, such as identity-centric security portfolio that allows customers to manage identities and regulate access from the device to the data center. The Services segment offers consulting, implementation, application management services, education, and support services to commercial and government customers. The company serves banks, insurance companies, other financial services providers, government agencies, global service providers, telecommunication providers, manufacturers, technology companies, retailers, educational organizations, and health care institutions. CA, Inc. sells its solutions through direct sales force, as well as indirectly through its partners. The company was formerly known as CA Technologies and changed its name to CA, Inc. in 2006. CA, Inc. was founded in 1974 and is headquartered in New York, New York. Helmerich & Payne, Inc. (HP) saw its value decrease by -0.29% as the stock dropped $-0.18 to finish the day at a closing price of $62.43. The stock was higher in trading and has fluctuated between $40.02-$70.28 per share for the past year. The shares, which traded within a range of $61.86 to $63.4 during the day, are up by 4.19% in the past three months and up by 20.57% over the past six months. It is currently trading -0.21% below its 20 day moving average and -2.69% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $59.32 a share over the next twelve months. The current relative strength index (RSI) reading is 46.93. The technical indicator lead us to believe there will be no major movement any time soon, hold. Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells. It provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas. The company operates through three segments: U.S. Land, Offshore, and International Land. The U.S. Land segment drills primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia, and Nevada. The Offshore segment has drilling operations in the Gulf of Mexico and Equatorial Guinea. The International Land segment conducts drilling operations in Ecuador, Colombia, Argentina, Bahrain, the United Arab Emirates, and Mozambique. As of November 12, 2015, the company operated a fleet of 344 land rigs in the United States; 38 international land rigs; and 9 offshore platform rigs. The company also owns, develops, and operates commercial real estate properties; and researches and develops rotary steerable technology. Its real estate investments include a shopping center comprising approximately 441,000 leasable square feet; multi-tenant industrial warehouse properties covering approximately one million leasable square feet; and approximately 210 acres of undeveloped real estate located in Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 02 Sep 2016 |
| Source | http://istreetwire.com/2016/08/29/3-trending-stocks-progressive-corp-pgr-ca-inc-ca-helmerich-payne-inc-hp/ |
