Quantinno Capital Management LP Boosts Holdings in PROG Holdings, Inc $PRG

Quantinno Capital Management LP boosted its stake in PROG Holdings, Inc (NYSE:PRG) by 79.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,674 shares of the fintech holding company’s stock after acquiring an additional 22,439 shares during the period. Quantinno Capital Management LP owned 0.13% of PROG worth $1,454,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP grew its position in shares of PROG by 82.8% during the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after acquiring an additional 506 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of PROG during the 1st quarter worth approximately $38,000. Federation des caisses Desjardins du Quebec bought a new stake in shares of PROG in the 4th quarter worth approximately $44,000. WealthCollab LLC raised its holdings in shares of PROG by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after purchasing an additional 800 shares during the period. Finally, Strs Ohio purchased a new position in PROG in the first quarter valued at approximately $129,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

PROG Stock Up 3.4%

PROG stock opened at $42.63 on Friday. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $47.73. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.78 and a beta of 1.79. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. The firm has a 50 day simple moving average of $42.59 and a 200 day simple moving average of $36.18.

PROG (NYSE:PRG) last posted its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The firm had revenue of $719.72 million for the quarter, compared to the consensus estimate of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. On average, analysts predict that PROG Holdings, Inc will post 4.95 earnings per share for the current year.

PROG Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, August 18th. PROG’s payout ratio is presently 15.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen increased their price objective on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Zacks Research raised PROG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. KeyCorp increased their price target on PROG from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen raised PROG from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.44.

Insider Transactions at PROG

In other PROG news, CAO George M. Sewell sold 2,000 shares of PROG stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total transaction of $91,060.00. Following the completion of the transaction, the chief accounting officer owned 28,385 shares of the company’s stock, valued at $1,292,369.05. The trade was a 6.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Todd King sold 1,070 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total value of $49,220.00. Following the sale, the insider owned 60,825 shares in the company, valued at approximately $2,797,950. This represents a 1.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,000 shares of company stock worth $183,060 in the last three months. 3.72% of the stock is currently owned by insiders.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.