The Progressive Corporation $PGR Shares Acquired by Skylands Capital LLC

Posted by George Bondi on Jun 28th, 2026

Skylands Capital LLC increased its position in The Progressive Corporation (NYSE:PGR – Free Report) by 73.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,425 shares of the insurance provider’s stock after buying an additional 4,400 shares during the quarter. Skylands Capital LLC’s holdings in Progressive were worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Klingman & Associates LLC increased its stake in Progressive by 1.7% during the fourth quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider’s stock worth $667,000 after acquiring an additional 48 shares during the last quarter. Revisor Wealth Management LLC raised its holdings in shares of Progressive by 2.7% in the 4th 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 during the period. Cullen Investment Group LTD. lifted its stake in shares of Progressive by 0.7% in the 4th quarter. Cullen Investment Group LTD. now owns 7,463 shares of the insurance provider’s stock valued at $1,606,000 after purchasing an additional 52 shares in the last quarter. Pines Wealth Management LLC lifted its stake 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 valued at $319,000 after purchasing an additional 52 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings 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 purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Stock Performance

Shares of NYSE:PGR opened at $224.11 on Friday. The company has a market cap of $130.96 billion, a P/E ratio of 11.39, a PEG ratio of 6.81 and a beta of 0.28. 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 one year low of $189.20 and a one year high of $267.92. The business’s 50-day simple moving average is $201.86 and its 200 day simple moving average is $206.89.

Progressive (NYSE:PGR – Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, topping the consensus estimate of $4.67 by $0.13. The firm had revenue of $22.19 billion for 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% on a year-over-year basis. During the same period in the previous year, the company posted $4.37 EPS. On average, sell-side analysts forecast that The Progressive Corporation will post 17.08 earnings per share 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 given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Progressive’s payout ratio is presently 2.03%.

Analyst Upgrades and Downgrades

PGR has been the subject of a number of research analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $220.00 target price on shares of Progressive in a research report on Wednesday, May 20th. Barclays set a $247.00 price objective on shares of Progressive in a research note on Wednesday, March 18th. Argus raised shares of Progressive to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings downgraded shares of Progressive from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Progressive from $208.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $237.58.

View Our Latest Stock Analysis on PGR

Insider Transactions at Progressive

In related news, Director Jeffrey D. Kelly sold 7,000 shares of Progressive stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the sale, the director owned 22,546 shares of the company’s stock, valued at $4,877,376.18. The trade was a 23.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven Broz sold 1,157 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $204.76, for a total transaction of $236,907.32. Following the completion of the transaction, the insider owned 27,511 shares in the company, valued at $5,633,152.36. This represents a 4.04% 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. Over the last three months, insiders have sold 15,230 shares of company stock valued at $3,165,817. Corporate insiders own 0.32% of the company’s stock.

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.