The Progressive Corporation $PGR Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S reduced its position in The Progressive Corporation (NYSE:PGR) by 8.2% in the 1st quarter, Holdings Channel reports. The fund owned 687,769 shares of the insurance provider’s stock after selling 61,795 shares during the period. Progressive makes up about 2.9% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 14th biggest position. C WorldWide Group Holding A S’s holdings in Progressive were worth $136,343,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Progressive during the 1st quarter worth $4,834,000. Bessemer Group Inc. grew its position in shares of Progressive by 19.4% in the first quarter. Bessemer Group Inc. now owns 27,683 shares of the insurance provider’s stock valued at $5,489,000 after purchasing an additional 4,492 shares during the period. Avalon Trust Co increased its stake in Progressive by 0.7% in the first quarter. Avalon Trust Co now owns 120,024 shares of the insurance provider’s stock valued at $23,794,000 after purchasing an additional 799 shares during the last quarter. Independent Financial Group LLC acquired a new position in Progressive in the first quarter valued at $520,000. Finally, Enterprise Financial Services Corp lifted its position in Progressive by 28.9% during the first quarter. Enterprise Financial Services Corp now owns 2,340 shares of the insurance provider’s stock worth $464,000 after buying an additional 524 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported Q2 earnings above estimates and continued to expand its business, with net premiums written up 5% for the quarter and total policies in force up 7% year over year. Progressive Reports June 2026 Results
• Positive Sentiment: Analysts at Bank of America still rate PGR a buy, even after trimming their price target, suggesting Wall Street still sees meaningful upside from current levels. Benzinga report on Bank of America price target cut
• Neutral Sentiment: Several research firms lowered price targets after the quarter, but most kept market-perform or equivalent ratings, indicating cautious sentiment rather than a strong bearish call. Progressive Analysts Slash Their Forecasts After Q2 Results
• Negative Sentiment: Net income fell 31% in June and the combined ratio worsened, raising concerns that underwriting margins are under pressure in a softer, more competitive insurance environment. Reuters report on quarterly profit and auto insurance demand
• Negative Sentiment: Other commentary highlighted that shares sold off after the earnings release because investors were disappointed by margin concerns and weaker-than-expected profit quality despite the top-line growth. Seeking Alpha news on Q2 results

Wall Street Analysts Forecast Growth

Several research firms have commented on PGR. Evercore set a $240.00 price target on Progressive in a report on Friday, July 10th. UBS Group increased their price objective on shares of Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. HSBC raised their target price on shares of Progressive from $214.00 to $221.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. BMO Capital Markets lowered their target price on shares of Progressive from $220.00 to $205.00 and set a “market perform” rating for the company in a report on Thursday. Finally, Bank of America dropped their price target on shares of Progressive from $313.00 to $308.00 and set a “buy” rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $235.05.

Insiders Place Their Bets

In related news, Director Jeffrey D. Kelly sold 7,000 shares of Progressive stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the transaction, the director owned 22,546 shares in the company, valued at approximately $4,877,376.18. The trade was a 23.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven Broz sold 1,157 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $204.76, for a total transaction of $236,907.32. Following the sale, the insider directly owned 27,511 shares of the company’s stock, valued at approximately $5,633,152.36. This trade represents a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,230 shares of company stock worth $3,165,817 over the last ninety days. 0.32% of the stock is owned by company insiders.

Progressive Stock Performance

Shares of NYSE:PGR opened at $206.14 on Friday. The business has a 50-day moving average of $208.49 and a two-hundred day moving average of $206.49. The firm has a market capitalization of $120.46 billion, a PE ratio of 10.34, a P/E/G ratio of 3.85 and a beta of 0.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.27. The Progressive Corporation has a 12 month low of $189.20 and a 12 month high of $254.93.

Progressive (NYSE:PGR) last released its quarterly earnings data on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.13. Progressive had a return on equity of 32.92% and a net margin of 12.84%.The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. During the same period in the previous year, the company posted $4.37 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that The Progressive Corporation will post 17.41 earnings per share for the current year.

Progressive Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 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 of this dividend was Thursday, July 2nd. Progressive’s payout ratio is 2.03%.

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.