2,625 Shares in The Progressive Corporation $PGR Purchased by Demming Financial Services Corp ADV

Demming Financial Services Corp ADV purchased a new stake in shares of The Progressive Corporation (NYSE:PGR) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,625 shares of the insurance provider’s stock, valued at approximately $598,000. Progressive makes up 0.4% of Demming Financial Services Corp ADV’s investment portfolio, making the stock its 17th largest holding.

Several other hedge funds have also added to or reduced their stakes in the stock. Davis Capital Management bought a new position in shares of Progressive during the 3rd quarter valued at approximately $25,000. Bard Associates Inc. purchased a new position in Progressive in the fourth quarter valued at approximately $27,000. Dagco Inc. purchased a new position in Progressive in the fourth quarter valued at approximately $28,000. IFC & Insurance Marketing Inc. bought a new position in Progressive during the fourth quarter valued at $29,000. Finally, Ameriflex Group Inc. increased its position in Progressive by 106.6% in the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after buying an additional 65 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

Progressive Stock Performance

Shares of Progressive stock opened at $205.22 on Monday. 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 $206.96 and its 200 day moving average is $222.32. 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 price-to-earnings ratio of 10.67, a PEG ratio of 8.94 and a beta of 0.33.

Progressive Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Progressive’s payout ratio is presently 2.08%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PGR shares. Barclays upgraded Progressive from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $257.00 to $265.00 in a research note on Thursday, January 8th. The Goldman Sachs Group restated a “buy” rating and issued a $225.00 price objective on shares of Progressive in a research note on Monday, February 23rd. Argus raised shares of Progressive to a “hold” rating in a report on Thursday, March 5th. Jefferies Financial Group set a $216.00 target price on shares of Progressive in a research note on Wednesday, February 11th. Finally, Morgan Stanley cut their price objective on Progressive from $214.00 to $205.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 28th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Progressive has an average rating of “Hold” and a consensus price target of $241.94.

Insider Activity at Progressive

In related news, insider Maribel Pumarejo sold 739 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total value of $150,201.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven Broz sold 1,344 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $224.80, for a total value of $302,131.20. Following the transaction, the insider directly owned 26,354 shares in the company, valued at $5,924,379.20. The trade was a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,761 shares of company stock valued at $2,659,420 over the last quarter. 0.33% of the stock is owned by company insiders.

More Progressive News

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

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.