9,250 Shares in The Progressive Corporation $PGR Acquired by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd purchased a new stake in The Progressive Corporation (NYSE:PGR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,250 shares of the insurance provider’s stock, valued at approximately $2,021,000.

Several other large investors have also recently added to or reduced their stakes in PGR. Klingman & Associates LLC boosted its position in shares of Progressive by 1.7% in the fourth quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider’s stock valued at $667,000 after acquiring an additional 48 shares during the period. Pines Wealth Management LLC raised its stake in Progressive by 3.9% in the 4th quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider’s stock worth $319,000 after purchasing an additional 52 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Progressive by 0.3% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock worth $4,267,000 after purchasing an additional 52 shares in the last quarter. Phillips Wealth Planners LLC boosted its holdings in Progressive by 2.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,916 shares of the insurance provider’s stock valued at $436,000 after purchasing an additional 52 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its holdings in Progressive by 1.2% in the 4th quarter. Sumitomo Life Insurance Co. now owns 4,307 shares of the insurance provider’s stock valued at $981,000 after purchasing an additional 52 shares during the period. Institutional investors own 85.34% of the company’s stock.

Analysts Set New Price Targets

PGR has been the topic of several recent research reports. Evercore set a $240.00 target price on shares of Progressive in a report on Friday, July 10th. Jefferies Financial Group reissued a “hold” rating and set a $228.00 price target on shares of Progressive in a research report on Wednesday. Morgan Stanley upgraded Progressive from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $190.00 to $210.00 in a research note on Friday, July 24th. Royal Bank Of Canada set a $208.00 price objective on Progressive in a report on Friday, May 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Progressive in a research report on Monday, August 3rd. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Progressive has an average rating of “Hold” and a consensus target price of $236.05.

Progressive Stock Performance

Shares of NYSE:PGR opened at $220.60 on Friday. The company’s 50 day simple moving average is $215.20 and its 200 day simple moving average is $206.55. The stock has a market capitalization of $128.25 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 2.93 and a beta of 0.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $252.82.

Progressive (NYSE:PGR) last released its earnings results on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share for the quarter, topping the consensus estimate of $4.64 by $1.03. The firm had revenue of $23.61 billion during the quarter, compared to analysts’ expectations of $19.49 billion. Progressive had a return on equity of 32.92% and a net margin of 12.84%.The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $5.40 earnings per share. As a group, research analysts predict that The Progressive Corporation will post 17.55 EPS for the current fiscal year.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be 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 is Thursday, October 1st. Progressive’s dividend payout ratio is currently 2.01%.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded PGR to “outperform” from “market perform” and raised its price target to $250 from $226, implying meaningful upside from recent trading levels. KBW upgrades Progressive
• Positive Sentiment: July operating growth remained solid: net premiums written and earned both rose 5% year over year, while total policies in force increased 7% to 40.3 million. Personal auto policies were particularly strong, with direct auto policies up 9%. Progressive July 2026 results
• Neutral Sentiment: Analyst views remain mixed. Wells Fargo raised its price target modestly to $201 from $198 but retained an “underweight” rating, while William Blair maintained a “hold” stance, citing earnings deceleration and slower growth. Wells Fargo rating update
• Negative Sentiment: July earnings weakened despite premium growth. Net income fell 12% to $961 million and earnings per share declined 11% to $1.65. The combined ratio worsened to 86.8 from 85.3, indicating lower underwriting profitability, while realized securities results swung to a $47 million loss from a $79 million gain. Progressive July earnings analysis
• Negative Sentiment: Reported insider activity may weigh on sentiment: available data showed multiple company insiders selling shares over the past six months and no reported insider purchases.

Insiders Place Their Bets

In other Progressive news, insider Karen Bailo sold 8,452 shares of Progressive stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $212.71, for a total value of $1,797,824.92. Following the transaction, the insider owned 32,348 shares in the company, valued at $6,880,743.08. The trade was a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Susan Patricia Griffith sold 37,338 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $212.71, for a total transaction of $7,942,165.98. Following the completion of the transaction, the chief executive officer directly owned 522,776 shares of the company’s stock, valued at $111,199,682.96. This trade represents a 6.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 82,224 shares of company stock valued at $17,416,438 over the last ninety days. 0.32% of the stock is owned by insiders.

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.