The Progressive Corporation $PGR Shares Acquired by NZS Capital LLC

NZS Capital LLC increased its position in shares of The Progressive Corporation (NYSE:PGR) by 22.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 500,597 shares of the insurance provider’s stock after buying an additional 92,231 shares during the period. Progressive accounts for approximately 3.8% of NZS Capital LLC’s holdings, making the stock its 4th biggest position. NZS Capital LLC owned about 0.09% of Progressive worth $123,622,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Progressive by 0.3% during the third quarter. Vanguard Group Inc. now owns 54,667,528 shares of the insurance provider’s stock valued at $13,500,146,000 after acquiring an additional 151,240 shares during the period. Geode Capital Management LLC lifted its position in shares of Progressive by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 15,513,188 shares of the insurance provider’s stock worth $4,128,055,000 after purchasing an additional 301,371 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Progressive by 32.8% during the 2nd quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock worth $2,928,141,000 after purchasing an additional 2,709,417 shares during the last quarter. Norges Bank bought a new stake in Progressive during the 2nd quarter valued at approximately $2,156,939,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Progressive by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,129,069 shares of the insurance provider’s stock valued at $1,101,883,000 after buying an additional 42,909 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Analyst tone remains cautiously constructive — sell‑side commentary cited in coverage notes a tempered but positive outlook on PGR’s forward prospects despite recent lagging performance, which supports a stabilizing view for the stock. Progressive Stock: Is PGR Underperforming the Financial Sector?
• Neutral Sentiment: Investors are reviewing the full Q4 2025 earnings call transcript to judge underwriting trends, reserve development and commentary on pricing and loss costs — details in the transcript will guide near‑term moves as markets re‑rate insurance fundamentals. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: The company’s Q4 2025 earnings presentation is available for investors; the slides provide the management narrative on combined ratio trends, reserve activity and investment income that market participants are parsing for guidance on 2026 profitability. Q4 2025 Earnings Presentation
• Neutral Sentiment: Brokerage coverage aggregated to a consensus “Hold,” signaling limited near‑term conviction among analysts and contributing to muted trading interest until clearer earnings trends emerge. Consensus “Hold” by Brokerages
• Neutral Sentiment: Be aware of similarly named companies: recent TipRanks items refer to Progressive Path Group Holdings (HK:1581), which is unrelated to NYSE:PGR and can create headline noise for scanners. Progressive Path Board Update (unrelated)
• Negative Sentiment: PGR has underperformed the broader financial sector over the past year, pressuring relative valuation (the stock’s 200‑day moving average remains above current levels) and tempering investor enthusiasm until clearer improvement in underwriting and investment returns is demonstrated. Is PGR Underperforming the Financial Sector?

Progressive Price Performance

NYSE:PGR opened at $213.14 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 0.38. The company has a 50-day moving average of $209.98 and a 200-day moving average of $224.60. The Progressive Corporation has a 52 week low of $197.92 and a 52 week high of $292.99. The company has a market capitalization of $124.99 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 9.32 and a beta of 0.33.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is currently 2.08%.

Insider Buying and Selling

In related news, insider Andrew J. Quigg sold 1,649 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $336,973.15. Following the sale, the insider owned 39,626 shares of the company’s stock, valued at $8,097,573.10. The trade was a 4.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CIO Jonathan S. Bauer sold 2,266 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $203.05, for a total value of $460,111.30. Following the completion of the sale, the executive owned 26,250 shares in the company, valued at $5,330,062.50. This trade represents a 7.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,103 shares of company stock valued at $1,883,924 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PGR shares. Bank of America cut their price target on Progressive from $350.00 to $348.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. BMO Capital Markets dropped their target price on shares of Progressive from $239.00 to $232.00 and set a “market perform” rating on the stock in a research report on Thursday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of Progressive from $303.00 to $275.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Jefferies Financial Group set a $216.00 price target on shares of Progressive in a research report on Wednesday, February 11th. Finally, Roth Mkm set a $235.00 price objective on shares of Progressive in a research report on Thursday, February 19th. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $245.50.

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.