GAMMA Investing LLC Has $3.69 Million Stock Holdings in The Progressive Corporation $PGR

GAMMA Investing LLC raised its stake in The Progressive Corporation (NYSE:PGR) by 23.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,887 shares of the insurance provider’s stock after purchasing an additional 3,204 shares during the period. GAMMA Investing LLC’s holdings in Progressive were worth $3,689,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Prota Financial LLC increased its position in Progressive by 10.2% in the 2nd quarter. Prota Financial LLC now owns 2,844 shares of the insurance provider’s stock valued at $641,000 after buying an additional 263 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in Progressive in the second quarter valued at approximately $1,007,000. Sandy Cove Advisors LLC increased its holdings in shares of Progressive by 11.1% during the second quarter. Sandy Cove Advisors LLC now owns 1,357 shares of the insurance provider’s stock valued at $297,000 after acquiring an additional 136 shares in the last quarter. RDA Financial Network raised its position in shares of Progressive by 2.2% during the second quarter. RDA Financial Network now owns 7,703 shares of the insurance provider’s stock worth $1,683,000 after purchasing an additional 167 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Progressive by 44.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,438 shares of the insurance provider’s stock worth $533,000 after purchasing an additional 753 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Price Performance

Shares of NYSE:PGR opened at $212.50 on Thursday. The company has a market capitalization of $123.54 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 2.85 and a beta of 0.27. The company’s 50-day moving average is $212.09 and its 200 day moving average is $206.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.29. The Progressive Corporation has a fifty-two week low of $189.20 and a fifty-two week high of $254.93.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s payout ratio is presently 2.01%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PGR. Wells Fargo & Company lowered their price objective on shares of Progressive from $205.00 to $198.00 and set an “underweight” rating on the stock in a report on Thursday, July 16th. Evercore set a $240.00 target price on shares of Progressive in a research report on Friday, July 10th. HSBC upped their target price on shares of Progressive from $214.00 to $221.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Royal Bank Of Canada set a $208.00 price target on Progressive in a research note on Friday, May 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Progressive in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $235.26.

Insider Activity

In related news, insider John Jo Murphy sold 8,124 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $212.70, for a total value of $1,727,974.80. Following the transaction, the insider owned 41,291 shares in the company, valued at approximately $8,782,595.70. This represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Susan Patricia Griffith sold 37,338 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $212.71, for a total value of $7,942,165.98. Following the transaction, the chief executive officer directly owned 522,776 shares of the company’s stock, valued at approximately $111,199,682.96. This trade represents a 6.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 74,885 shares of company stock worth $15,880,459. 0.32% of the stock is owned by insiders.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive’s second-quarter earnings call highlighted continued auto-insurance leadership and signs of a turnaround in its property business. These trends could support premium growth, profitability and improved diversification. Progressive’s Earnings Call: Auto Leadership, Property Turnaround
• Positive Sentiment: Coverage of the Q2 presentation and earnings call gives investors additional detail on the company’s financial performance, operating metrics and capital-allocation plans. Progressive’s ability to deploy capital while maintaining balance-sheet strength remains a favorable factor. The Progressive Corporation 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Wolfe Research maintained a Hold rating, citing a balanced risk-reward profile and robust capital deployment. The decision suggests analysts see solid execution but limited near-term catalysts at the current valuation. Progressive: Balanced Risk-Reward and Robust Capital Deployment Support Hold Rating
• Neutral Sentiment: Recent analysis compares Progressive’s second-quarter revenue and earnings-related metrics with Wall Street expectations and year-ago results, keeping investor attention focused on growth, margins and underwriting performance. Progressive Q2 Earnings: Key Metrics Versus Estimates
• Negative Sentiment: JPMorgan lowered its price target from $250 to $241 and kept a Neutral rating. Although the revised target still implies upside, the cut signals more restrained expectations following the earnings update. JPMorgan Lowers Progressive Price Target

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.