The Progressive Corporation $PGR Shares Sold by Rakuten Investment Management Inc.

Posted by Brian Himes on Jun 16th, 2026

Rakuten Investment Management Inc. reduced its holdings in The Progressive Corporation (NYSE:PGR – Free Report) by 70.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,133 shares of the insurance provider’s stock after selling 182,283 shares during the period. Rakuten Investment Management Inc.’s holdings in Progressive were worth $17,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bard Associates Inc. purchased a new position in Progressive during the fourth quarter worth about $27,000. Dagco Inc. purchased a new position in Progressive during the fourth quarter worth about $28,000. IFC & Insurance Marketing Inc. purchased a new position in Progressive during the fourth quarter worth about $29,000. Ameriflex Group Inc. raised its stake in Progressive by 106.6% during the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 65 shares during the period. Finally, Entrust Financial LLC purchased a new position in Progressive during the fourth quarter worth about $33,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on PGR shares. Zacks Research raised shares of Progressive from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. UBS Group lifted their target price on shares of Progressive from $218.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Bank of America reduced their target price on shares of Progressive from $325.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Royal Bank Of Canada set a $208.00 price target on shares of Progressive in a research note on Friday, May 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $225.00 price target on shares of Progressive in a research note on Monday, February 23rd. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $238.11.

Get Our Latest Analysis on PGR

Insider Transactions 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 value of $1,183,200.00. Following the completion of the transaction, the insider owned 41,290 shares in the company, valued at $8,258,000. This trade represents a 12.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,157 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 $231,400.00. Following the completion of the transaction, the insider owned 28,668 shares of the company’s stock, valued at $5,733,600. This represents a 3.88% decrease in their position. 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. In the last quarter, insiders sold 7,343 shares of company stock worth $1,470,355. Company insiders own 0.32% of the company’s stock.

Progressive Trading Up 0.1%

Shares of Progressive stock opened at $203.40 on Tuesday. The company has a fifty day simple moving average of $199.37 and a 200-day simple moving average of $207.77. The Progressive Corporation has a 12-month low of $189.20 and a 12-month high of $269.78. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. The stock has a market cap of $118.85 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 5.89 and a beta of 0.28.

Progressive (NYSE:PGR – Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. The firm had revenue of $22.19 billion during 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%. Progressive’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.37 EPS. On average, equities analysts forecast that The Progressive Corporation will post 16.35 EPS for the current fiscal year.

Progressive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is 2.03%.

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.