LGT Fund Management Co Ltd. Purchases 13,857 Shares of The Progressive Corporation $PGR

Posted by George Bondi on Jul 12th, 2026

LGT Fund Management Co Ltd. raised its position in The Progressive Corporation (NYSE:PGR – Free Report) by 72.7% during the first quarter, Holdings Channel reports. The firm owned 32,930 shares of the insurance provider’s stock after purchasing an additional 13,857 shares during the period. LGT Fund Management Co Ltd.’s holdings in Progressive were worth $6,528,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PGR. Bogart Wealth LLC raised its stake in Progressive by 235.1% during the first quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares during the last quarter. Bard Associates Inc. bought a new stake in Progressive during the fourth quarter valued at $27,000. Dagco Inc. acquired a new stake in Progressive during the 4th quarter worth about $28,000. HHM Wealth Advisors LLC grew its holdings in Progressive by 700.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 126 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new position in shares of Progressive in the 4th quarter worth about $29,000. 85.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PGR shares. Jefferies Financial Group dropped their price objective on Progressive from $216.00 to $215.00 and set a “hold” rating on the stock in a research note on Tuesday, March 24th. UBS Group lifted their target price on Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. BMO Capital Markets reissued a “market perform” rating and issued a $220.00 price target on shares of Progressive in a research note on Wednesday, May 20th. Mizuho increased their price target on Progressive from $217.00 to $243.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Barclays set a $247.00 price objective on shares of Progressive in a research note on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $238.05.

View Our Latest Stock Analysis on Progressive

Progressive Stock Up 0.5%

Progressive stock traded up $1.07 during mid-day trading on Friday, reaching $230.59. The stock had a trading volume of 1,477,630 shares, compared to its average volume of 3,432,770. The firm has a market capitalization of $134.74 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 4.36 and a beta of 0.26. The Progressive Corporation has a fifty-two week low of $189.20 and a fifty-two week high of $254.93. The stock’s 50-day simple moving average is $206.90 and its 200-day simple moving average is $206.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27.

Progressive (NYSE:PGR – Get Free Report) last issued its earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The company had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $23.51 billion. During the same period last year, the business earned $4.37 EPS. Progressive’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that The Progressive Corporation will post 17.3 EPS for the current fiscal year.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were issued 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 was Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is currently 2.03%.

Insider Activity

In other news, insider Steven Broz sold 1,157 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $204.76, for a total transaction of $236,907.32. Following the completion of the sale, the insider directly owned 27,511 shares of the company’s stock, valued at $5,633,152.36. The trade was a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the completion of the sale, the director owned 22,546 shares in the company, valued at $4,877,376.18. This represents a 23.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 15,230 shares of company stock worth $3,165,817 over the last three months. 0.32% of the stock is currently owned by insiders.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

Positive Sentiment: Mizuho raised its price target on Progressive (PGR) to $243 from $217, while keeping a neutral rating, signaling improved expectations for the insurer’s near-term upside. Mizuho Raises Progressive Price Target
Positive Sentiment: DOWLING & PARTNERS increased its FY2026 earnings estimate for Progressive to $18.00 per share from $17.75, above the broader consensus of $17.28, which suggests analysts see continued earnings strength. Progressive Analyst Estimate Increase
Positive Sentiment: One recent commentary piece argued that improving underwriting trends and a possible index-exit effect could be a “game changer” for Progressive, reinforcing the bullish view that fundamentals may support the stock. Index Exit and Upbeat Underwriting Trends Could Be A Game Changer For Progressive
Neutral Sentiment: Another article said Progressive still looks fully valued after Russell Growth Index exits, which could limit enthusiasm even though it does not change the company’s operating outlook. Progressive After Russell Growth Index Exits Still Looks Fully Valued
Neutral Sentiment: A comparison piece versus Allstate argued that Progressive’s valuation remains premium relative to peers, highlighting a potential headwind for multiple expansion rather than a direct business concern. Allstate Vs. Progressive: Buy Allstate’s Deep-Value Multiple Not Progressive’s Premium Run

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.