Signal Advisors Wealth LLC Boosts Holdings in The Progressive Corporation $PGR

Signal Advisors Wealth LLC raised its holdings in shares of The Progressive Corporation (NYSE:PGR) by 69.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,261 shares of the insurance provider’s stock after buying an additional 14,000 shares during the period. Signal Advisors Wealth LLC’s holdings in Progressive were worth $8,461,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PGR. New York Life Investment Management LLC grew its stake in shares of Progressive by 1.4% during the 2nd quarter. New York Life Investment Management LLC now owns 87,760 shares of the insurance provider’s stock valued at $23,420,000 after acquiring an additional 1,192 shares during the period. Baron Silver Stevens Financial Advisors LLC purchased a new position in Progressive during the second quarter valued at approximately $306,000. Wakefield Asset Management LLLP boosted its position in shares of Progressive by 199.0% in the second quarter. Wakefield Asset Management LLLP now owns 9,411 shares of the insurance provider’s stock worth $2,511,000 after purchasing an additional 6,263 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Progressive in the second quarter worth $13,583,000. Finally, Whalen Wealth Management Inc. bought a new stake in shares of Progressive during the 2nd quarter valued at $647,000. 85.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on PGR. Wall Street Zen downgraded shares of Progressive from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Mizuho began coverage on Progressive in a research report on Monday. They issued a “neutral” rating and a $242.00 price objective on the stock. UBS Group cut their target price on Progressive from $268.00 to $261.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. BMO Capital Markets decreased their target price on Progressive from $256.00 to $253.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Hsbc Global Res upgraded Progressive from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Progressive presently has a consensus rating of “Hold” and a consensus price target of $264.68.

Progressive Stock Performance

NYSE PGR opened at $224.30 on Friday. The stock has a market capitalization of $131.53 billion, a PE ratio of 12.30, a P/E/G ratio of 1.26 and a beta of 0.36. The business has a 50 day simple moving average of $222.77 and a two-hundred day simple moving average of $241.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29. The Progressive Corporation has a 1-year low of $199.90 and a 1-year high of $292.99.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.04 by ($0.59). The firm had revenue of $21.38 billion for the quarter, compared to analysts’ expectations of $21.64 billion. Progressive had a return on equity of 33.88% and a net margin of 12.57%.During the same period last year, the company earned $3.58 earnings per share. On average, research analysts predict that The Progressive Corporation will post 14.68 EPS for the current fiscal year.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is 2.19%.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on PGR to $250 and kept a “market perform” rating — a modest vote of confidence that implies upside from current levels. KBW price target raise
• Neutral Sentiment: BMO Capital Markets trimmed its target slightly (from $256 to $253) but maintained a “market perform” view; the change is small and keeps implied upside intact. BMO target change
• Neutral Sentiment: Brokerage consensus remains around “Hold” for PGR, per a recent aggregation — this keeps expectations cautious rather than bullish. Brokerage consensus
• Neutral Sentiment: Investor attention to PGR is high (search and site-traffic notes), which can amplify moves but doesn’t by itself change fundamentals. Investor interest
• Neutral Sentiment: Some headlines discuss dividend implications and a sector downgrade that could alter the investment case — watch for follow-up on capital return policy and whether downgrades spread across insurers. Dividend/sector piece
• Neutral Sentiment: Be aware of name confusion in newsfeeds: unrelated companies (e.g., a drug approval for “JASCAYD” and results from “Progressive Planet”) reference “Progressive” but do not affect PGR’s insurance business. JASCAYD approval (unrelated) Progressive Planet (unrelated)
• Negative Sentiment: Analyst skepticism: Morgan Stanley (and commentary aggregated on TipRanks) reiterated concerns — citing decelerating growth, rising competition and smaller buybacks — and kept a Sell stance, which likely weighs on sentiment and downside risk. Morgan Stanley sell thesis
• Negative Sentiment: Recent coverage notes PGR shares slipped despite a stronger market — short-term technical/flow factors and the negative analyst narrative are contributing to the decline. Price drop article

Insiders Place Their Bets

In other Progressive news, CFO John P. Sauerland sold 5,000 shares of Progressive stock in a transaction on Friday, November 28th. The shares were sold at an average price of $228.48, for a total value of $1,142,400.00. Following the completion of the transaction, the chief financial officer directly owned 223,024 shares of the company’s stock, valued at $50,956,523.52. This trade represents a 2.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven Broz sold 1,345 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $228.29, for a total transaction of $307,050.05. Following the sale, the insider owned 27,698 shares in the company, valued at $6,323,176.42. This represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 7,690 shares of company stock valued at $1,745,350 over the last three months. Corporate insiders own 0.34% of the company’s stock.

Progressive Profile

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.