Principal Financial Group Inc. Raises Stock Holdings in PROG Holdings, Inc $PRG

Principal Financial Group Inc. raised its holdings in shares of PROG Holdings, Inc (NYSE:PRG) by 6.5% in the first quarter, Holdings Channel.com reports. The firm owned 292,744 shares of the fintech holding company’s stock after buying an additional 17,789 shares during the period. Principal Financial Group Inc.’s holdings in PROG were worth $8,399,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of PROG by 436.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock valued at $53,792,000 after purchasing an additional 1,483,751 shares in the last quarter. First Trust Advisors LP increased its stake in shares of PROG by 451.1% in the third quarter. First Trust Advisors LP now owns 702,781 shares of the fintech holding company’s stock worth $22,742,000 after buying an additional 575,255 shares during the last quarter. UBS Group AG raised its holdings in PROG by 102.4% in the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock valued at $26,654,000 after acquiring an additional 416,658 shares in the last quarter. LSV Asset Management boosted its stake in PROG by 37.7% during the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock valued at $34,205,000 after acquiring an additional 317,600 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in PROG by 62.7% during the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock valued at $17,913,000 after acquiring an additional 259,630 shares during the last quarter. 97.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRG has been the subject of several research analyst reports. B. Riley Financial reissued a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Zacks Research downgraded PROG from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen lowered PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Stephens upped their price objective on PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Loop Capital downgraded PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a report on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PROG presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.36.

PROG Trading Down 0.4%

NYSE PRG opened at $43.55 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27. PROG Holdings, Inc has a one year low of $25.80 and a one year high of $47.73. The company has a 50-day simple moving average of $40.17 and a 200-day simple moving average of $35.03. The firm has a market capitalization of $1.75 billion, a PE ratio of 11.90 and a beta of 1.78.

PROG (NYSE:PRG) last released its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The firm had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. PROG’s quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, equities analysts forecast that PROG Holdings, Inc will post 4.7 earnings per share for the current year.

PROG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, May 19th. PROG’s dividend payout ratio is presently 15.30%.

About PROG

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.