Leonteq Securities AG Makes New Investment in The Progressive Corporation $PGR

Leonteq Securities AG bought a new position in The Progressive Corporation (NYSE:PGR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,027 shares of the insurance provider’s stock, valued at approximately $1,145,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PGR. ABN Amro Investment Solutions boosted its holdings in shares of Progressive by 341.1% in the fourth quarter. ABN Amro Investment Solutions now owns 31,310 shares of the insurance provider’s stock valued at $7,130,000 after purchasing an additional 24,212 shares during the period. Marathon Asset Management Ltd boosted its holdings in shares of Progressive by 5.1% in the fourth quarter. Marathon Asset Management Ltd now owns 154,309 shares of the insurance provider’s stock valued at $35,140,000 after purchasing an additional 7,418 shares during the period. Investment House LLC purchased a new stake in shares of Progressive in the fourth quarter valued at approximately $8,447,000. Banque Cantonale Vaudoise boosted its holdings in shares of Progressive by 159.6% in the fourth quarter. Banque Cantonale Vaudoise now owns 33,047 shares of the insurance provider’s stock valued at $7,526,000 after purchasing an additional 20,318 shares during the period. Finally, Hardy Reed LLC boosted its holdings in shares of Progressive by 1.3% in the fourth quarter. Hardy Reed LLC now owns 8,158 shares of the insurance provider’s stock valued at $1,858,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported April net premiums written rose 6% year over year to $7.28 billion, while net income increased 10% and EPS climbed to $1.86, signaling continued top-line growth and profitability. Progressive Reports April 2026 Results
• Positive Sentiment: Wells Fargo raised its price target on PGR to $222 from $218, suggesting some Wall Street confidence in the stock’s valuation. Benzinga coverage of Wells Fargo target raise
• Neutral Sentiment: Analyst and investor attention has been elevated, with recent coverage benchmarking Progressive against other property & casualty insurers and highlighting the stock’s strong operating track record.
• Negative Sentiment: The company’s combined ratio worsened to 90.2 from 84.9 a year earlier, indicating higher losses/expenses relative to premiums and raising questions about underwriting efficiency. Progressive April 2026 Financial Results
• Negative Sentiment: Revenue came in below some expectations in the company’s prior quarterly report, which may be tempering enthusiasm despite the strong April update.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group boosted their price target on Progressive from $218.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Bank of America lowered their price target on Progressive from $325.00 to $320.00 and set a “buy” rating for the company in a report on Wednesday. Argus upgraded Progressive to a “hold” rating in a report on Thursday, March 5th. Jefferies Financial Group lowered their price target on Progressive from $216.00 to $215.00 and set a “hold” rating for the company in a report on Tuesday, March 24th. Finally, Barclays set a $247.00 price target on Progressive in a report on Wednesday, March 18th. Six equities research 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $239.78.

Progressive Stock Performance

Shares of NYSE:PGR opened at $199.08 on Friday. The company has a market capitalization of $116.33 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 5.85 and a beta of 0.31. The Progressive Corporation has a 52 week low of $191.75 and a 52 week high of $289.96. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $200.50 and a 200 day moving average of $210.29.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. The company had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $23.51 billion. Progressive had a net margin of 12.92% and a return on equity of 33.47%. Progressive’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 earnings per share. On average, sell-side analysts predict that The Progressive Corporation will post 16.41 earnings per share for the current fiscal year.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, July 2nd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s payout ratio is 2.03%.

Insider Buying and Selling at Progressive

In related news, insider Karen Bailo sold 3,517 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $212.00, for a total value of $745,604.00. Following the completion of the transaction, the insider owned 32,348 shares of the company’s stock, valued at $6,857,776. The trade was a 9.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CIO Jonathan S. Bauer sold 2,266 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $203.05, for a total value of $460,111.30. Following the transaction, the executive directly owned 26,250 shares in the company, valued at approximately $5,330,062.50. The trade was a 7.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 6,933 shares of company stock worth $1,441,564. 0.32% of the stock is currently owned by corporate 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.