The Progressive Corporation $PGR Shares Sold by Handelsbanken Fonder AB

Posted by Brenda Bartman on May 20th, 2026

Handelsbanken Fonder AB trimmed its position in The Progressive Corporation (NYSE:PGR – Free Report) by 29.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 207,060 shares of the insurance provider’s stock after selling 87,358 shares during the quarter. Handelsbanken Fonder AB’s holdings in Progressive were worth $47,152,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PGR. Capital International Investors lifted its stake in shares of Progressive by 78.9% during the third quarter. Capital International Investors now owns 13,704,197 shares of the insurance provider’s stock worth $3,384,082,000 after buying an additional 6,045,732 shares during the period. Capital Research Global Investors lifted its stake in shares of Progressive by 26.1% during the third quarter. Capital Research Global Investors now owns 11,167,940 shares of the insurance provider’s stock worth $2,757,905,000 after buying an additional 2,314,864 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Progressive by 2,012.0% during the third quarter. CIBC Private Wealth Group LLC now owns 767,549 shares of the insurance provider’s stock worth $189,546,000 after buying an additional 731,207 shares during the period. M&T Bank Corp lifted its stake in shares of Progressive by 1,363.8% during the fourth quarter. M&T Bank Corp now owns 706,898 shares of the insurance provider’s stock worth $160,975,000 after buying an additional 658,607 shares during the period. Finally, Marshfield Associates lifted its stake in shares of Progressive by 70.8% during the third quarter. Marshfield Associates now owns 1,577,453 shares of the insurance provider’s stock worth $389,552,000 after buying an additional 653,763 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Progressive news, CIO Jonathan S. Bauer sold 2,266 shares of Progressive stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $203.05, for a total value of $460,111.30. Following the completion of the transaction, the executive owned 26,250 shares of the company’s stock, valued at approximately $5,330,062.50. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen Bailo sold 3,517 shares of Progressive stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $212.00, for a total transaction of $745,604.00. Following the completion of the transaction, the insider directly owned 32,348 shares of the company’s stock, valued at $6,857,776. The trade was a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,933 shares of company stock worth $1,441,564 over the last three months. Corporate insiders own 0.32% of the company’s stock.

Progressive Trading Down 0.5%

Shares of Progressive stock opened at $203.02 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a fifty day moving average price of $200.73 and a 200 day moving average price of $210.37. The Progressive Corporation has a 1 year low of $191.75 and a 1 year high of $289.96. The stock has a market cap of $118.63 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 5.90 and a beta of 0.31.

Progressive (NYSE:PGR – Get Free Report) last released its quarterly earnings data on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The company had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $23.51 billion. During the same quarter in the previous year, the company earned $4.37 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts predict that The Progressive Corporation will post 16.4 earnings per share for the current year.

Progressive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s payout ratio is presently 2.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PGR shares. Wells Fargo & Company lifted their price objective on shares of Progressive from $215.00 to $218.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Weiss Ratings downgraded shares of Progressive from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Mizuho reduced their target price on shares of Progressive from $235.00 to $223.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Roth Mkm set a $235.00 target price on shares of Progressive in a report on Thursday, February 19th. Finally, Zacks Research raised shares of Progressive from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $238.39.

Get Our Latest Stock Report on PGR

Progressive Company Profile

(Free Report)

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.