Magnetar Financial LLC Has $1.74 Million Stock Position in The Progressive Corporation $PGR

Magnetar Financial LLC reduced its stake in The Progressive Corporation (NYSE:PGR) by 75.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,056 shares of the insurance provider’s stock after selling 21,288 shares during the period. Magnetar Financial LLC’s holdings in Progressive were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PGR. Brighton Jones LLC lifted its holdings in shares of Progressive by 15.6% during the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock valued at $813,000 after acquiring an additional 457 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Progressive during the 4th quarter worth about $269,000. Bison Wealth LLC increased its position in shares of Progressive by 3.2% during the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock worth $615,000 after purchasing an additional 80 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Progressive by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 322,933 shares of the insurance provider’s stock valued at $86,178,000 after purchasing an additional 3,871 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Progressive by 4.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 88,924 shares of the insurance provider’s stock valued at $23,730,000 after buying an additional 3,816 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

Insider Buying and Selling

In other Progressive news, insider Andrew J. Quigg sold 1,649 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $336,973.15. Following the transaction, the insider owned 39,626 shares in the company, valued at approximately $8,097,573.10. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Broz sold 1,344 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $224.80, for a total value of $302,131.20. Following the transaction, the insider owned 26,354 shares of the company’s stock, valued at $5,924,379.20. The trade was a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,761 shares of company stock worth $2,659,420 over the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PGR has been the topic of several research analyst reports. Citigroup decreased their price objective on shares of Progressive from $300.60 to $261.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Roth Mkm set a $235.00 target price on Progressive in a report on Thursday, February 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $225.00 price target on shares of Progressive in a report on Monday, February 23rd. Evercore set a $230.00 price objective on Progressive in a research note on Thursday, February 19th. Finally, Bank of America decreased their target price on Progressive from $315.00 to $308.00 and set a “buy” rating on the stock in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $241.94.

Progressive Stock Up 1.9%

Shares of NYSE PGR opened at $205.10 on Friday. The Progressive Corporation has a 1 year low of $197.92 and a 1 year high of $292.99. The firm’s 50-day moving average is $207.10 and its 200-day moving average is $222.91. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $120.17 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 8.75 and a beta of 0.33.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s payout ratio is presently 2.08%.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and others highlight PGR as an attractive, defensive insurance holding given strong 2025 results and tech-driven market share gains; Goldman reaffirmed a Buy and a $225 target — a vote of confidence for longer-term investors. Goldman Sachs Names PGR
• Positive Sentiment: MarketBeat and sector write-ups list Progressive among three insurers that can provide stability in volatile markets due to steady premium flows, underwriting discipline and higher investment income — supportive context for investors favoring defensive exposure. 3 Insurers to Bring Stability
• Neutral Sentiment: Analyst and equity research pieces note “moderating growth but intact fundamentals” for Progressive — suggests near-term growth pressures but that core profitability and underwriting metrics remain solid. Moderating Growth But Intact Fundamentals
• Neutral Sentiment: Two entries concern Progressive Planet Solutions (TSE:PLAN) reporting record Q3 revenue and one‑time charges to fund growth — this is a different company and unlikely to directly affect PGR’s fundamentals or stock, but it may cause headline noise for investors scanning “Progressive” news. Progressive Planet Posts Record Q3 Revenue Progressive Planet Q3 Results
• Negative Sentiment: BMO Capital Markets cut its price target for PGR to $208 and moved to Market Perform, signaling reduced near-term upside expectations and likely contributing to selling pressure among tactical investors. BMO Price Target Cut
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock outlook, adding to downward pressure from cautious sell‑side sentiment. Bank of America Issues Pessimistic Forecast
• Negative Sentiment: Progressive CFO John Sauerland announced retirement after a 35‑year tenure — a material leadership change that may create short-term uncertainty about financial stewardship and succession, though management has a long track record at the company. CFO Retirement

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.