Intech Investment Management LLC Grows Stock Holdings in The Progressive Corporation $PGR

Intech Investment Management LLC increased its stake in The Progressive Corporation (NYSE:PGR) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 382,741 shares of the insurance provider’s stock after buying an additional 37,867 shares during the period. Progressive accounts for about 0.8% of Intech Investment Management LLC’s holdings, making the stock its 15th largest holding. Intech Investment Management LLC owned 0.07% of Progressive worth $94,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PGR. Davis Capital Management bought a new stake in Progressive in the third quarter worth $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Progressive during the second quarter valued at $33,000. Howard Hughes Medical Institute purchased a new position in shares of Progressive in the 2nd quarter worth about $34,000. Westside Investment Management Inc. raised its position 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 purchasing an additional 117 shares during the last quarter. Finally, TruNorth Capital Management LLC boosted its stake in Progressive by 450.0% in the 3rd quarter. TruNorth Capital Management LLC now owns 165 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive will host an Investor Relations event on March 3 (45-minute presentation on capital & investments, followed by Q&A with the CEO and CFO); Progressive will file its Form 10‑K on March 2 — a near-term transparency event that could reset expectations. Progressive Announces Investor Relations Event
• Neutral Sentiment: Industry/valuation narrative is shifting as analysts recalibrate fair value for PGR; coverage remains mixed (some trims to targets, some buys) — this is creating divergent guidance for the stock rather than a unanimous directional signal. How The Progressive (PGR) Narrative Is Shifting
• Negative Sentiment: BofA cut its price target on PGR to $315 from $329 (but kept a Buy rating) — a downgrade to the target reduces upside expectations and may weigh on sentiment. BofA Lowers its Price Target on The Progressive Corporation (PGR)
• Negative Sentiment: Insider selling: CIO Jonathan Bauer sold 2,266 shares (~$460k) on Feb. 23 and insider Maribel Pumarejo sold 739 shares (~$150k) on Feb. 24 — continued executive sales can pressure the stock and signal liquidity-taking by insiders. Progressive (NYSE:PGR) CIO Sells $460,111.30 in Stock
• Negative Sentiment: Institutional reshuffling: recent large reductions (e.g., UBS AM and FMR trimming Q4 positions) indicate some major holders are cutting exposure — this can amplify downside pressure until fresh buying appears. The Progressive Corporation to Host Investor Relations Event on March 3, 2026

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group set a $216.00 price objective on shares of Progressive in a research note on Wednesday, February 11th. Bank of America cut their price target on shares of Progressive from $350.00 to $348.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Wells Fargo & Company reduced their price target on shares of Progressive from $220.00 to $214.00 and set an “equal weight” rating for the company in a research report on Thursday, February 19th. UBS Group lowered their price objective on Progressive from $226.00 to $218.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, William Blair downgraded Progressive from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $244.71.

Insider Buying and Selling

In other Progressive news, insider Steven Broz sold 1,344 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $224.80, for a total value of $302,131.20. Following the transaction, the insider directly owned 26,354 shares of the company’s stock, valued at approximately $5,924,379.20. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John P. Sauerland sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer owned 223,024 shares of the company’s stock, valued at approximately $50,956,523.52. This represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 14,103 shares of company stock valued at $3,026,324 in the last 90 days. Insiders own 0.34% of the company’s stock.

Progressive Trading Down 0.8%

Shares of PGR stock opened at $204.35 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23. The Progressive Corporation has a 12-month low of $197.92 and a 12-month high of $292.99. The stock has a market capitalization of $119.83 billion, a P/E ratio of 10.62, a P/E/G ratio of 8.99 and a beta of 0.32. The firm’s 50 day moving average is $211.04 and its 200 day moving average is $225.72.

Progressive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, January 2nd. Progressive’s dividend payout ratio is 2.08%.

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.