Active Stock News: KKR & Co. L.P. (KKR), The Progressive Corporation (PGR)

KKR & Co. L.P. (KKR) ended last trading session with a change of 0.33 percent. It trades at an average volume of 2.83M shares versus 2.82M shares recorded at the end of last trading session. The share price of $18.27 is at a distance of 62.15 percent from its 52-week low and down -0.44 percent versus its peak. The company has a market cap of $14.58B and currently has 798.07M shares outstanding. The share price is currently 1.11 percent versus its SMA20, 4.91 percent versus its SMA50, and 22.66 percent versus its SMA200. The stock has a weekly performance of 1.27 percent and is 19.77 percent year-to-date as of the recent close.

On March 6, 2017 KKR & Co. L.P. (KKR) announced the final closing of KKR Americas XII Fund (“the Fund”), a $13.9 billion fund focused on opportunistic investments in private equity-related transactions primarily in the United States, Canada and Mexico. KKR will be investing nearly $1.4 billion in capital alongside investors through the Firm’s balance sheet and employee commitments.

“As we mark this important milestone in our Americas private equity business and close our 12th flagship private equity fund, we are grateful to our investors, both old and new, for their continued confidence in us. In today’s increasingly complex world, we are pleased that they share our enthusiasm for the opportunities that lie ahead in the Americas, in particular the U.S. where we anticipate significant long-term investment opportunities and where we have been investing for more than four decades and six economic cycles,” said Alexander Navab, KKR Member and Head of Americas Private Equity. “Throughout this period, we have invested through economic challenges and volatility but have remained focused on delivering top quartile performance. That continues to be our focus as we work hard to support our investors’ goals and the needs of their beneficiaries.”

The Progressive Corporation (PGR) recently recorded 0.35 percent change and currently at $39.68 is 32.34 percent away from its 52-week low and down -0.65 percent versus its peak. It has a past 5-day performance of 0.69 percent and trades at an average volume of 2.81M shares. The stock has a 1-month performance of 6.32 percent and is 13.85 percent year-to-date as of the recent close. There were about 578.01M shares outstanding which made its market cap $22.94B. The share price is currently 1.93 percent versus its SMA20, 6.63 percent versus its SMA50, and 18.85 percent versus its SMA200.

February 17, 2017 — The Progressive Corporation (PGR) announced that the Board of Directors took the following actions:

The Board fixed the close of business on March 17, 2017, as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting of Shareholders scheduled to be held on May 12, 2017.

Also, the Board elected Daniel P. Mascaro as its new Chief Legal Officer, Secretary, and Vice President to be effective March 1, 2017, after the retirement of Charles E. Jarrett. Mr. Jarrett has held these positions since joining Progressive in 2000.