UniSuper Management Pty Ltd Purchases 7,966 Shares of The Progressive Corporation $PGR

UniSuper Management Pty Ltd boosted its holdings in The Progressive Corporation (NYSE:PGR) by 22.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,197 shares of the insurance provider’s stock after acquiring an additional 7,966 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Progressive were worth $10,914,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PGR. Davis Capital Management bought a new position in shares of Progressive in the third quarter worth approximately $25,000. Atlantic Union Bankshares Corp purchased a new position in Progressive in the 2nd quarter worth approximately $33,000. Westside Investment Management Inc. increased its holdings in shares of Progressive by 900.0% in the 2nd quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock worth $34,000 after buying an additional 117 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Progressive during the 2nd quarter valued at $34,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Progressive by 1,885.7% during the 2nd quarter. Richardson Financial Services Inc. now owns 139 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Insider Activity

In other Progressive news, CIO Jonathan S. Bauer sold 3,105 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $204.35, for a total value of $634,506.75. Following the transaction, the executive owned 26,249 shares in the company, valued at approximately $5,363,983.15. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Broz sold 1,344 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $224.80, for a total transaction of $302,131.20. Following the sale, the insider owned 26,354 shares of the company’s stock, valued at approximately $5,924,379.20. This represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 13,788 shares of company stock valued at $3,018,961. 0.34% of the stock is owned by corporate insiders.

Progressive Price Performance

PGR opened at $206.04 on Friday. 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 stock’s 50 day simple moving average is $221.22 and its 200 day simple moving average is $232.15. The firm has a market cap of $120.82 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.26 and a beta of 0.34. The Progressive Corporation has a 1 year low of $198.50 and a 1 year high of $292.99.

Progressive Dividend Announcement

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

Progressive News Roundup

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive showed relative strength versus the broader market in the latest session, which can support short‑term buying interest ahead of earnings. Progressive (PGR) Beats Stock Market Upswing: What Investors Need to Know
• Neutral Sentiment: Q4 earnings preview: analysts expect earnings growth, but the Zacks preview flags items beyond headline EPS — underwriting trends, combined ratio and pricing momentum will determine whether Progressive delivers a beat or conservative guidance. This makes the print a binary near‑term catalyst. Progressive (PGR) Q4 Earnings Preview
• Neutral Sentiment: Valuation/strategy check: a Yahoo Finance piece questions whether Progressive’s long‑term growth is being priced appropriately after the recent pullback — useful context for value investors given PGR’s relatively low P/E (~11) but shorter‑term technical weakness (50‑day < 200‑day MA). Is Progressive (PGR) Pricing Its Long Term Growth Potential Correctly After Recent Pullback
• Negative Sentiment: Competitive threat — Lemonade’s new partnership with Tesla to offer steep discounts on FSD miles creates a potential pricing innovation that could win lower‑loss, tech‑savvy customers and put pressure on legacy insurers’ pricing and margins if scaled. This raises longer‑term competitive risk for Progressive’s auto franchise. Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced
• Negative Sentiment: Insider selling: recent open‑market sales by CIO Jonathan Bauer and Andrew Quigg were disclosed (multiple transactions at ~\$204/share). While not huge relative to company size, clustered insider sales ahead of earnings can be perceived negatively by some investors. Progressive Insider Sells
• Negative Sentiment: Analyst/expectations risk: several firms have trimmed price targets or kept neutral/underweight calls; Zacks flags that while growth is expected, there may be limited obvious upside from an earnings‑beat narrative, so a miss or cautious guidance could drive further downside. Progressive (PGR) Reports Next Week

Analyst Upgrades and Downgrades

PGR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Progressive from $303.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Progressive in a research report on Monday, December 29th. Jefferies Financial Group reissued a “hold” rating on shares of Progressive in a report on Wednesday, December 17th. Mizuho set a $240.00 target price on Progressive in a research note on Wednesday, January 14th. Finally, UBS Group reduced their price target on shares of Progressive from $268.00 to $261.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $259.39.

Progressive Company 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.