Michael Todd King Sells 930 Shares of PROG (NYSE:PRG) Stock

PROG Holdings, Inc (NYSE:PRG) insider Michael Todd King sold 930 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $46.00, for a total transaction of $42,780.00. Following the completion of the transaction, the insider owned 61,895 shares of the company’s stock, valued at $2,847,170. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Michael Todd King also recently made the following trade(s):

• On Wednesday, August 5th, Michael Todd King sold 1,070 shares of PROG stock. The stock was sold at an average price of $46.00, for a total transaction of $49,220.00.

PROG Stock Performance

Shares of PRG stock opened at $42.79 on Friday. PROG Holdings, Inc has a 12 month low of $25.80 and a 12 month high of $47.73. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.29. The firm has a market capitalization of $1.71 billion, a P/E ratio of 11.82 and a beta of 1.79. The company’s fifty day moving average price is $42.06 and its two-hundred day moving average price is $35.89.

PROG (NYSE:PRG) last posted its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.24. The company had revenue of $719.72 million during the quarter, compared to analysts’ expectations of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. On average, research analysts anticipate that PROG Holdings, Inc will post 4.95 earnings per share for the current fiscal year.

PROG Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PROG’s dividend payout ratio is currently 15.47%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PRG. Zacks Research upgraded PROG from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and set a $45.00 target price on shares of PROG in a research note on Thursday, April 30th. B. Riley Financial raised their price target on shares of PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Loop Capital lowered shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research note on Wednesday, July 1st. Finally, Stephens upped their price target on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, PROG presently has a consensus rating of “Moderate Buy” and an average price target of $49.44.

Institutional Trading of PROG

Several hedge funds and other institutional investors have recently bought and sold shares of PRG. Bank of New York Mellon Corp acquired a new stake in PROG during the second quarter valued at approximately $31,229,000. GAMMA Investing LLC grew its position in shares of PROG by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,911 shares of the fintech holding company’s stock worth $136,000 after acquiring an additional 468 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of PROG in the 1st quarter worth approximately $837,000. Bank of America Corp DE increased its holdings in shares of PROG by 4.7% in the 1st quarter. Bank of America Corp DE now owns 151,827 shares of the fintech holding company’s stock valued at $4,356,000 after acquiring an additional 6,760 shares during the last quarter. Finally, Amundi increased its holdings in shares of PROG by 23.6% in the 1st quarter. Amundi now owns 9,589 shares of the fintech holding company’s stock valued at $275,000 after acquiring an additional 1,832 shares during the last quarter. 97.92% of the stock is owned by institutional investors.

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.