Chilton Investment Co. Inc. Raises Holdings in The Progressive Corporation $PGR

Chilton Investment Co. Inc. grew its holdings in shares of The Progressive Corporation (NYSE:PGR) by 17.2% in the third quarter, HoldingsChannel.com reports. The fund owned 656,569 shares of the insurance provider’s stock after acquiring an additional 96,238 shares during the quarter. Progressive accounts for 3.3% of Chilton Investment Co. Inc.’s holdings, making the stock its 9th biggest position. Chilton Investment Co. Inc.’s holdings in Progressive were worth $162,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PGR. Davis Capital Management acquired a new position in shares of Progressive in the 3rd quarter valued at about $25,000. Ameriflex Group Inc. grew its stake in Progressive by 106.6% during the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 65 shares during the period. Howard Hughes Medical Institute bought a new stake in Progressive in the second quarter worth approximately $34,000. TruNorth Capital Management LLC increased its holdings in Progressive by 450.0% in the third 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. Finally, Richardson Financial Services Inc. lifted its stake in Progressive by 41.0% in the third quarter. Richardson Financial Services Inc. now owns 196 shares of the insurance provider’s stock valued at $48,000 after buying an additional 57 shares during the period. 85.34% of the stock is owned by institutional investors.

Progressive Price Performance

Shares of NYSE:PGR opened at $205.22 on Friday. The Progressive Corporation has a twelve month low of $197.92 and a twelve month high of $292.99. The stock’s 50 day moving average is $206.96 and its 200-day moving average is $222.48. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $120.24 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 8.94 and a beta of 0.33.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio is presently 2.08%.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and other outlets continue to highlight Progressive as an attractive insurance investment, reaffirming confidence in the company’s strong 2025 results and long-term growth prospects. Goldman Sachs Names The Progressive Corporation (PGR) among Appealing Insurance Investments
• Positive Sentiment: MarketBeat’s roundup places Progressive alongside Chubb and Arch as defensive, cash-generative insurers benefiting from steady premiums and rising investment income—supporting investor interest in PGR as a sector play. Looking to Insure Your Portfolio? Start With These 3 Stocks
• Neutral Sentiment: Comparative analysis pieces reviewing Progressive vs. peers provide context for investors but contain no new company-specific catalysts; useful for positioning and valuation checks. Head-To-Head Analysis: First American Financial (NYSE:FAF) & Progressive (NYSE:PGR)
• Neutral Sentiment: Press about Progressive Planet Solutions (a different ticker, PLAN) reporting record Q3 revenue is unrelated to PGR’s fundamentals but can cause occasional ticker-confusion among retail investors. Progressive Planet Posts Record Q3 Revenue but Takes One-Time Charges to Fund Growth
• Negative Sentiment: Progressive announced that CFO John Sauerland will retire after a 35-year tenure. Leadership transitions at the finance level can raise short-term uncertainty around execution and capital allocation. Progressive (PGR) CFO John Sauerland to Retire After 35-Year Tenure
• Negative Sentiment: BMO Capital Markets cut its PGR price target to $208, signaling reduced near-term upside and contributing to analyst-driven selling pressure. Progressive (NYSE:PGR) Price Target Cut to $208.00 by Analysts at BMO Capital Markets
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock, adding to downside sentiment from institutional analysts. Bank of America Issues Pessimistic Forecast for Progressive (NYSE:PGR) Stock Price
• Negative Sentiment: Some commentary (The Motley Fool) suggests Progressive’s exceptional 2025 results “may have been too good to last,” raising concerns about reversion to mean in underwriting or investment results. 3 Dirt-Cheap Stocks to Buy With $1,000 Right Now

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PGR. Mizuho set a $240.00 price target on Progressive in a report on Wednesday, January 14th. William Blair lowered shares of Progressive from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. HSBC downgraded shares of Progressive from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Keefe, Bruyette & Woods raised their price target on shares of Progressive from $225.00 to $232.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. Finally, Barclays raised shares of Progressive from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $257.00 to $265.00 in a research note on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Progressive has an average rating of “Hold” and a consensus price target of $241.94.

Insider Activity

In other Progressive news, CIO Jonathan S. Bauer sold 3,105 shares of the firm’s stock in a transaction on 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 directly owned 26,249 shares of the company’s stock, valued at approximately $5,363,983.15. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Broz sold 1,344 shares of Progressive stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $224.80, for a total transaction of $302,131.20. Following the transaction, the insider owned 26,354 shares of the company’s stock, valued at $5,924,379.20. This represents a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,761 shares of company stock valued at $2,659,420. 0.34% of the stock is currently owned by insiders.

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.