The Progressive Corporation $PGR Stock Holdings Decreased by Nordea Investment Management AB

Nordea Investment Management AB decreased its stake in shares of The Progressive Corporation (NYSE:PGR) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,369,055 shares of the insurance provider’s stock after selling 32,061 shares during the period. Nordea Investment Management AB owned about 0.23% of Progressive worth $335,747,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Progressive during the 2nd quarter worth approximately $2,156,939,000. Alliancebernstein L.P. raised its position in shares of Progressive by 32.8% during the 2nd quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock valued at $2,928,141,000 after acquiring an additional 2,709,417 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Progressive by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 54,516,288 shares of the insurance provider’s stock valued at $14,548,217,000 after acquiring an additional 493,332 shares in the last quarter. Temasek Holdings Private Ltd acquired a new stake in shares of Progressive during the 2nd quarter valued at approximately $117,057,000. Finally, First Trust Advisors LP lifted its stake in Progressive by 154.3% during the second quarter. First Trust Advisors LP now owns 673,646 shares of the insurance provider’s stock worth $179,769,000 after purchasing an additional 408,779 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Progressive Trading Up 0.7%

Shares of PGR stock opened at $216.65 on Tuesday. The Progressive Corporation has a 1 year low of $199.90 and a 1 year high of $292.99. The firm has a market capitalization of $127.04 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.31 and a beta of 0.34. The stock has a fifty day moving average of $223.51 and a two-hundred day moving average of $235.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29.

Progressive (NYSE:PGR) last issued its quarterly earnings results on Wednesday, October 15th. The insurance provider reported $4.45 EPS for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). The business had revenue of $21.38 billion for the quarter, compared to analyst estimates of $21.64 billion. Progressive had a net margin of 12.57% and a return on equity of 33.88%. During the same period last year, the business posted $3.58 earnings per share. As a group, research analysts expect that The Progressive Corporation will post 14.68 EPS for the current year.

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, January 2nd. Progressive’s dividend payout ratio is currently 2.19%.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Long-term bullish analysis: a Seeking Alpha piece argues Progressive remains a multi-year compounder thanks to disciplined underwriting, strong margin profile and growth opportunities — a bull case that can attract value-minded investors after recent declines. Progressive: A Long-Term Compounder Built On Underwriting Discipline
• Neutral Sentiment: Valuation discussion: multiple articles note PGR is ~21% off its highs and looks cheaper on P/E metrics, but stress that a lower multiple isn’t an automatic buy — investors should weigh margin trends and industry headwinds. Down 21% From All-Time Highs, Is Progressive Stock a Buy?
• Neutral Sentiment: Retail commentary repeats the “cheaper but watchful” view: The Motley Fool/other outlets highlight solid core profitability but caution investors to probe the reasons for the discount (industry cycle, underwriting margin risk). Down 21% From All-Time Highs, Is Progressive Stock a Buy?
• Neutral Sentiment: Consensus stance: aggregate analyst coverage sits near a “Hold” average (mix of buy/hold/sell) — that keeps upside expectations muted until fundamentals clarify. The Progressive Corporation (NYSE:PGR) Given Consensus Recommendation of “Hold” by Analysts
• Negative Sentiment: Analyst price-target cuts and near-term caution: Evercore ISI, BofA and JPMorgan trimmed price targets (Evercore cited a tougher 2026 for P&C fundamentals) and reiterated more cautious/inline ratings — a direct pressure on sentiment and potential catalyst for further near-term downside. Evercore ISI, BofA, and JPMorgan Reduce PT on The Progressive Corporation (PGR) Amid Slowing Industry Fundamentals

Insider Activity at Progressive

In other Progressive news, CFO John P. Sauerland sold 5,000 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $228.48, for a total transaction 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 approximately $50,956,523.52. This trade represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven Broz sold 1,345 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $228.29, for a total value of $307,050.05. Following the completion of the sale, the insider directly owned 27,698 shares in the company, valued at $6,323,176.42. This represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,034 shares of company stock valued at $2,047,481 over the last quarter. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PGR shares. Evercore ISI lowered their target price on shares of Progressive from $250.00 to $237.00 and set an “in-line” rating for the company in a research note on Wednesday, January 7th. Citigroup lowered their price objective on shares of Progressive from $301.38 to $300.60 and set a “buy” rating for the company in a research report on Monday, December 15th. Jefferies Financial Group reiterated a “hold” rating on shares of Progressive in a research note on Wednesday, December 17th. Wells Fargo & Company lifted their target price on Progressive from $242.00 to $247.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 23rd. Finally, Hsbc Global Res upgraded Progressive from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $260.74.

About Progressive

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.