The Progressive Corporation $PGR Position Trimmed by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its holdings in The Progressive Corporation (NYSE:PGR) by 3.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 299,495 shares of the insurance provider’s stock after selling 10,431 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Progressive worth $73,960,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PGR. Ausdal Financial Partners Inc. lifted its holdings in Progressive by 36.4% in the third quarter. Ausdal Financial Partners Inc. now owns 1,462 shares of the insurance provider’s stock worth $361,000 after acquiring an additional 390 shares during the last quarter. Bridgefront Capital LLC boosted its stake in Progressive by 144.1% in the third quarter. Bridgefront Capital LLC now owns 4,420 shares of the insurance provider’s stock valued at $1,092,000 after acquiring an additional 2,609 shares during the period. Chilton Investment Co. Inc. grew its holdings in shares of Progressive by 17.2% during the third quarter. Chilton Investment Co. Inc. now owns 656,569 shares of the insurance provider’s stock valued at $162,140,000 after purchasing an additional 96,238 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Progressive by 71.9% during the 3rd quarter. Bank of Nova Scotia now owns 657,228 shares of the insurance provider’s stock worth $162,301,000 after purchasing an additional 274,851 shares during the period. Finally, BNP Paribas raised its position in shares of Progressive by 480.2% during the 3rd quarter. BNP Paribas now owns 84,331 shares of the insurance provider’s stock worth $20,970,000 after purchasing an additional 69,795 shares during the period. 85.34% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and other outlets continue to highlight Progressive as an attractive insurance investment, reaffirming confidence in the company’s strong 2025 results and long-term growth prospects. Goldman Sachs Names The Progressive Corporation (PGR) among Appealing Insurance Investments
• Positive Sentiment: MarketBeat’s roundup places Progressive alongside Chubb and Arch as defensive, cash-generative insurers benefiting from steady premiums and rising investment income—supporting investor interest in PGR as a sector play. Looking to Insure Your Portfolio? Start With These 3 Stocks
• Neutral Sentiment: Comparative analysis pieces reviewing Progressive vs. peers provide context for investors but contain no new company-specific catalysts; useful for positioning and valuation checks. Head-To-Head Analysis: First American Financial (NYSE:FAF) & Progressive (NYSE:PGR)
• Neutral Sentiment: Press about Progressive Planet Solutions (a different ticker, PLAN) reporting record Q3 revenue is unrelated to PGR’s fundamentals but can cause occasional ticker-confusion among retail investors. Progressive Planet Posts Record Q3 Revenue but Takes One-Time Charges to Fund Growth
• Negative Sentiment: Progressive announced that CFO John Sauerland will retire after a 35-year tenure. Leadership transitions at the finance level can raise short-term uncertainty around execution and capital allocation. Progressive (PGR) CFO John Sauerland to Retire After 35-Year Tenure
• Negative Sentiment: BMO Capital Markets cut its PGR price target to $208, signaling reduced near-term upside and contributing to analyst-driven selling pressure. Progressive (NYSE:PGR) Price Target Cut to $208.00 by Analysts at BMO Capital Markets
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock, adding to downside sentiment from institutional analysts. Bank of America Issues Pessimistic Forecast for Progressive (NYSE:PGR) Stock Price
• Negative Sentiment: Some commentary (The Motley Fool) suggests Progressive’s exceptional 2025 results “may have been too good to last,” raising concerns about reversion to mean in underwriting or investment results. 3 Dirt-Cheap Stocks to Buy With $1,000 Right Now

Progressive Stock Up 0.0%

PGR opened at $205.22 on Friday. The stock’s 50 day moving average price is $206.96 and its 200 day moving average price is $222.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $120.24 billion, a P/E ratio of 10.67, a P/E/G ratio of 8.94 and a beta of 0.33. The Progressive Corporation has a 12 month low of $197.92 and a 12 month high of $292.99.

Progressive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Progressive’s dividend payout ratio (DPR) is 2.08%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PGR. Citigroup reduced their price objective on Progressive from $300.60 to $261.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Evercore set a $230.00 target price on Progressive in a research report on Thursday, February 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Progressive in a report on Monday, December 29th. Piper Sandler restated an “overweight” rating and set a $259.00 price target on shares of Progressive in a research report on Monday, March 2nd. Finally, William Blair cut shares of Progressive from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Progressive presently has an average rating of “Hold” and an average price target of $241.94.

Insider Activity at Progressive

In related news, insider Maribel Pumarejo sold 739 shares of Progressive stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total transaction of $150,201.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CIO Jonathan S. Bauer sold 3,105 shares of the company’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 $634,506.75. Following the completion of the sale, the executive directly owned 26,249 shares of the company’s stock, valued at $5,363,983.15. The trade was a 10.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,761 shares of company stock valued at $2,659,420. 0.34% of the stock is owned by corporate insiders.

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.