Lombard Odier Asset Management Switzerland SA Reduces Stock Position in The Progressive Corporation $PGR

Posted by Brenda Bartman on Jun 17th, 2026

Lombard Odier Asset Management Switzerland SA decreased its stake in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,056 shares of the insurance provider’s stock after selling 2,700 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Progressive were worth $5,478,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Klingman & Associates LLC raised its stake in shares of Progressive by 1.7% during the fourth quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider’s stock valued at $667,000 after acquiring an additional 48 shares in the last quarter. Revisor Wealth Management LLC raised its holdings in Progressive by 2.7% in the fourth quarter. Revisor Wealth Management LLC now owns 1,902 shares of the insurance provider’s stock worth $395,000 after purchasing an additional 50 shares in the last quarter. Cullen Investment Group LTD. lifted its position in shares of Progressive by 0.7% during the fourth quarter. Cullen Investment Group LTD. now owns 7,463 shares of the insurance provider’s stock valued at $1,606,000 after buying an additional 52 shares during the last quarter. Pines Wealth Management LLC grew its position in shares of Progressive by 3.9% in the 4th quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider’s stock worth $319,000 after buying an additional 52 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of Progressive by 0.3% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock worth $4,267,000 after acquiring an additional 52 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Argus upgraded shares of Progressive to a “hold” rating in a research note on Thursday, March 5th. Jefferies Financial Group decreased their target price on Progressive from $216.00 to $215.00 and set a “hold” rating for the company in a report on Tuesday, March 24th. Mizuho reduced their price target on shares of Progressive from $235.00 to $223.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Evercore reaffirmed a “negative” rating on shares of Progressive in a report on Wednesday, March 18th. Finally, Wells Fargo & Company raised their target price on shares of Progressive from $218.00 to $222.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $238.11.

Get Our Latest Report on Progressive

Progressive Trading Up 0.6%

Shares of Progressive stock opened at $204.70 on Wednesday. The firm has a 50-day simple moving average of $199.56 and a two-hundred day simple moving average of $207.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27. The Progressive Corporation has a fifty-two week low of $189.20 and a fifty-two week high of $267.92. The company has a market cap of $119.61 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 5.90 and a beta of 0.28.

Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.13. The firm had revenue of $22.19 billion during the quarter, compared to analyst estimates of $23.51 billion. Progressive had a return on equity of 33.47% and a net margin of 12.92%.Progressive’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.37 EPS. As a group, equities analysts predict that The Progressive Corporation will post 16.35 earnings per share for the current fiscal year.

Progressive Announces Dividend

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

Insider Activity at Progressive

In related news, insider Steven Broz sold 1,157 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $231,400.00. Following the completion of the transaction, the insider directly owned 28,668 shares of the company’s stock, valued at approximately $5,733,600. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Carl G. Joyce sold 270 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $206.50, for a total transaction of $55,755.00. Following the completion of the transaction, the chief accounting officer directly owned 558 shares in the company, valued at approximately $115,227. This represents a 32.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 7,343 shares of company stock valued at $1,470,355. 0.32% of the stock is owned by company insiders.

Progressive 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.