Inspire Investing LLC Acquires New Holdings in PROG Holdings, Inc $PRG

Inspire Investing LLC bought a new position in shares of PROG Holdings, Inc (NYSE:PRG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 58,004 shares of the fintech holding company’s stock, valued at approximately $1,664,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Quarry LP boosted its holdings in shares of PROG by 82.8% in the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after buying an additional 506 shares during the period. Federation des caisses Desjardins du Quebec acquired a new stake in shares of PROG during the fourth quarter worth $44,000. GAMMA Investing LLC raised its holdings in shares of PROG by 45.3% during the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after acquiring an additional 563 shares during the period. WealthCollab LLC lifted its position in PROG by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after acquiring an additional 800 shares in the last quarter. Finally, CWM LLC lifted its position in PROG by 15.2% in the 4th quarter. CWM LLC now owns 6,057 shares of the fintech holding company’s stock valued at $179,000 after acquiring an additional 799 shares in the last quarter. Institutional investors own 97.92% of the company’s stock.

Wall Street Analysts Forecast Growth

PRG has been the subject of a number of research reports. Stephens increased their target price on PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Raymond James Financial reiterated an “outperform” rating and set a $45.00 price objective on shares of PROG in a report on Thursday, April 30th. Wall Street Zen cut PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Zacks Research raised PROG from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.70.

PROG Stock Performance

PRG opened at $46.72 on Wednesday. The business’s 50-day simple moving average is $36.18 and its 200 day simple moving average is $33.18. PROG Holdings, Inc has a 52-week low of $25.80 and a 52-week high of $47.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27. The firm has a market capitalization of $1.87 billion, a PE ratio of 12.77 and a beta of 1.82.

PROG (NYSE:PRG) last posted its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. The firm had revenue of $742.67 million during the quarter, compared to the consensus estimate of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.The business’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, sell-side analysts expect that PROG Holdings, Inc will post 4.7 earnings per share for the current fiscal year.

PROG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PROG’s dividend payout ratio (DPR) is currently 15.30%.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.