The Progressive Corporation $PGR Shares Acquired by Osprey Private Wealth LLC

Osprey Private Wealth LLC lifted its holdings in shares of The Progressive Corporation (NYSE:PGR) by 9.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 35,696 shares of the insurance provider’s stock after purchasing an additional 3,180 shares during the period. Progressive accounts for about 2.0% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 20th biggest holding. Osprey Private Wealth LLC’s holdings in Progressive were worth $7,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Klingman & Associates LLC grew its stake in shares of Progressive by 1.7% during the 4th quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider’s stock worth $667,000 after purchasing an additional 48 shares during the period. Revisor Wealth Management LLC grew its holdings in Progressive by 2.7% in the fourth quarter. Revisor Wealth Management LLC now owns 1,902 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 50 shares during the last quarter. Cullen Investment Group LTD. raised its stake in shares of Progressive by 0.7% during the 4th quarter. Cullen Investment Group LTD. now owns 7,463 shares of the insurance provider’s stock worth $1,606,000 after buying an additional 52 shares during the last quarter. Pines Wealth Management LLC boosted its position in shares of Progressive by 3.9% in the 4th quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider’s stock worth $319,000 after buying an additional 52 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Progressive by 0.3% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock valued at $4,267,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Price Performance

PGR traded up $1.07 during trading on Friday, hitting $230.59. The company’s stock had a trading volume of 1,477,630 shares, compared to its average volume of 3,432,770. The firm’s 50 day moving average price is $206.90 and its two-hundred day moving average price is $206.90. 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 stock has a market capitalization of $134.74 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 4.34 and a beta of 0.26. The Progressive Corporation has a 12 month low of $189.20 and a 12 month high of $254.93.

Progressive (NYSE:PGR) last released its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The business had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $23.51 billion. During the same period in the previous year, the business posted $4.37 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that The Progressive Corporation will post 17.28 earnings per share for the current fiscal year.

Progressive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were paid 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 was Thursday, July 2nd. Progressive’s dividend payout ratio is 2.03%.

Insider Activity at Progressive

In related news, insider Steven Broz sold 1,157 shares of Progressive stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $204.76, for a total value of $236,907.32. Following the completion of the sale, the insider directly owned 27,511 shares in the company, valued at $5,633,152.36. This trade represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the transaction, the director owned 22,546 shares in the company, valued at approximately $4,877,376.18. The trade was a 23.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,230 shares of company stock worth $3,165,817 over the last 90 days. Insiders own 0.32% of the company’s stock.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Mizuho raised its price target on Progressive (PGR) to $243 from $217, while keeping a neutral rating, signaling improved expectations for the insurer’s near-term upside. Mizuho Raises Progressive Price Target
• Positive Sentiment: DOWLING & PARTNERS increased its FY2026 earnings estimate for Progressive to $18.00 per share from $17.75, above the broader consensus of $17.28, which suggests analysts see continued earnings strength. Progressive Analyst Estimate Increase
• Positive Sentiment: One recent commentary piece argued that improving underwriting trends and a possible index-exit effect could be a “game changer” for Progressive, reinforcing the bullish view that fundamentals may support the stock. Index Exit and Upbeat Underwriting Trends Could Be A Game Changer For Progressive
• Neutral Sentiment: Another article said Progressive still looks fully valued after Russell Growth Index exits, which could limit enthusiasm even though it does not change the company’s operating outlook. Progressive After Russell Growth Index Exits Still Looks Fully Valued
• Neutral Sentiment: A comparison piece versus Allstate argued that Progressive’s valuation remains premium relative to peers, highlighting a potential headwind for multiple expansion rather than a direct business concern. Allstate Vs. Progressive: Buy Allstate’s Deep-Value Multiple Not Progressive’s Premium Run

Analyst Ratings Changes

Several research analysts recently issued reports on PGR shares. BMO Capital Markets restated a “market perform” rating and set a $220.00 price objective on shares of Progressive in a research report on Wednesday, May 20th. Keefe, Bruyette & Woods lifted their price objective on Progressive from $210.00 to $231.00 and gave the stock a “market perform” rating in a research report on Wednesday. HSBC upped their target price on shares of Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a report on Monday, July 6th. Evercore set a $240.00 price objective on shares of Progressive in a research note on Friday. Finally, Barclays set a $247.00 target price on shares of Progressive in a research note on Wednesday, March 18th. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $238.05.

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.