Teachers Retirement System of The State of Kentucky Sells 5,800 Shares of The Progressive Corporation $PGR

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of The Progressive Corporation (NYSE:PGR) by 3.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 165,550 shares of the insurance provider’s stock after selling 5,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Progressive were worth $32,819,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bogart Wealth LLC increased its position in Progressive by 235.1% in the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares during the period. Bard Associates Inc. acquired a new position in shares of Progressive during the fourth quarter worth approximately $27,000. Dagco Inc. bought a new stake in shares of Progressive in the fourth quarter valued at approximately $28,000. HHM Wealth Advisors LLC boosted its position in shares of Progressive by 700.0% in the first quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 126 shares during the period. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of Progressive in the fourth quarter worth $29,000. Institutional investors own 85.34% of the company’s stock.

Progressive News Roundup

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Mizuho raised its price target on Progressive (PGR) to $243 from $217, while keeping a neutral rating, signaling improved expectations for the insurer’s near-term upside. Mizuho Raises Progressive Price Target
• Positive Sentiment: DOWLING & PARTNERS increased its FY2026 earnings estimate for Progressive to $18.00 per share from $17.75, above the broader consensus of $17.28, which suggests analysts see continued earnings strength. Progressive Analyst Estimate Increase
• Positive Sentiment: One recent commentary piece argued that improving underwriting trends and a possible index-exit effect could be a “game changer” for Progressive, reinforcing the bullish view that fundamentals may support the stock. Index Exit and Upbeat Underwriting Trends Could Be A Game Changer For Progressive
• Neutral Sentiment: Another article said Progressive still looks fully valued after Russell Growth Index exits, which could limit enthusiasm even though it does not change the company’s operating outlook. Progressive After Russell Growth Index Exits Still Looks Fully Valued
• Neutral Sentiment: A comparison piece versus Allstate argued that Progressive’s valuation remains premium relative to peers, highlighting a potential headwind for multiple expansion rather than a direct business concern. Allstate Vs. Progressive: Buy Allstate’s Deep-Value Multiple Not Progressive’s Premium Run

Progressive Stock Down 0.1%

Shares of PGR stock opened at $230.59 on Monday. The stock has a market cap of $134.74 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 4.36 and a beta of 0.26. The Progressive Corporation has a one year low of $189.20 and a one year high of $254.93. The stock has a fifty day moving average price of $206.90 and a 200 day moving average price of $206.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27.

Progressive (NYSE:PGR) last posted its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. The firm had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $23.51 billion. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.37 earnings per share. Analysts predict that The Progressive Corporation will post 17.3 earnings per share for the current year.

Progressive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s payout ratio is 2.03%.

Wall Street Analyst Weigh In

PGR has been the topic of a number of research reports. Wells Fargo & Company lowered shares of Progressive from an “equal weight” rating to an “underweight” rating and set a $205.00 target price on the stock. in a research report on Monday, June 29th. BMO Capital Markets reissued a “market perform” rating and issued a $220.00 price target on shares of Progressive in a report on Wednesday, May 20th. Morgan Stanley decreased their price target on shares of Progressive from $205.00 to $190.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Mizuho boosted their price objective on shares of Progressive from $217.00 to $243.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group cut their price objective on shares of Progressive from $216.00 to $215.00 and set a “hold” rating for the company in a research report on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Progressive currently has a consensus rating of “Hold” and a consensus target price of $238.05.

Insider Activity at Progressive

In related news, insider John Jo Murphy sold 5,916 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $1,183,200.00. Following the sale, the insider owned 41,290 shares of the company’s stock, valued at $8,258,000. The trade was a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the completion of the transaction, the director directly owned 22,546 shares of the company’s stock, valued at $4,877,376.18. This trade represents a 23.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,230 shares of company stock valued at $3,165,817 over the last quarter. 0.32% of the stock is owned by company insiders.

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.