The Progressive Corporation $PGR Shares Acquired by IFC Advisors LLC

IFC Advisors LLC increased its stake in shares of The Progressive Corporation (NYSE:PGR) by 13.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 30,507 shares of the insurance provider’s stock after buying an additional 3,695 shares during the quarter. Progressive accounts for about 0.9% of IFC Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. IFC Advisors LLC’s holdings in Progressive were worth $6,048,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Allstate Corp raised its stake in shares of Progressive by 106.1% in the fourth quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock worth $10,136,000 after purchasing an additional 22,915 shares during the last quarter. Norges Bank purchased a new stake in Progressive in the fourth quarter valued at approximately $1,836,094,000. Mariner LLC boosted its position in Progressive by 7.9% in the third quarter. Mariner LLC now owns 644,636 shares of the insurance provider’s stock valued at $159,183,000 after buying an additional 47,248 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Progressive by 5.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,807,068 shares of the insurance provider’s stock worth $411,506,000 after buying an additional 97,275 shares during the period. Finally, Investment House LLC acquired a new position in Progressive in the 4th quarter worth approximately $8,447,000. 85.34% of the stock is owned by institutional investors and hedge funds.

Progressive Trading Down 0.1%

Shares of NYSE:PGR opened at $230.59 on Monday. The Progressive Corporation has a 12-month low of $189.20 and a 12-month high of $254.93. The company has a market capitalization of $134.74 billion, a PE ratio of 11.72, a PEG ratio of 4.36 and a beta of 0.26. The business has a 50 day moving average of $206.90 and a two-hundred day moving average of $206.76. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26.

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 business had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $23.51 billion. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $4.37 EPS. As a group, analysts forecast that The Progressive Corporation will post 17.3 EPS for the current year.

Progressive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is currently 2.03%.

Insider Activity at Progressive

In other news, insider John Jo Murphy sold 5,916 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the sale, the insider directly owned 41,290 shares of the company’s stock, valued at $8,258,000. This represents a 12.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,157 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $204.76, for a total value of $236,907.32. Following the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 15,230 shares of company stock worth $3,165,817. 0.32% of the stock is owned by company insiders.

Key Headlines Impacting Progressive

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PGR. Keefe, Bruyette & Woods raised their price target on shares of Progressive from $210.00 to $231.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th. Bank of America dropped their price objective on shares of Progressive from $331.00 to $313.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Jefferies Financial Group cut their price objective on shares of Progressive from $216.00 to $215.00 and set a “hold” rating on the stock in a research note on Tuesday, March 24th. Barclays set a $247.00 target price on shares of Progressive in a report on Wednesday, March 18th. Finally, Mizuho upped their price target on shares of Progressive from $217.00 to $243.00 and gave the company a “neutral” rating in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $238.05.

Progressive 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.