Diversify Wealth Management LLC Increases Position in The Progressive Corporation $PGR

Posted by Geri Gentry on Jul 15th, 2026

Diversify Wealth Management LLC increased its position in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 429.5% during the first quarter, Holdings Channel reports. The fund owned 9,018 shares of the insurance provider’s stock after acquiring an additional 7,315 shares during the quarter. Diversify Wealth Management LLC’s holdings in Progressive were worth $1,810,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Progressive during the 4th quarter worth $1,836,094,000. Wellington Management Group LLP boosted its holdings in shares of Progressive by 181.8% during the fourth quarter. Wellington Management Group LLP now owns 6,506,302 shares of the insurance provider’s stock worth $1,481,615,000 after purchasing an additional 4,197,212 shares during the last quarter. Diamant Asset Management Inc. grew its position in shares of Progressive by 19,724.0% in the first quarter. Diamant Asset Management Inc. now owns 4,068,876 shares of the insurance provider’s stock valued at $806,614,000 after purchasing an additional 4,048,351 shares during the period. Life Cycle Investment Partners Ltd acquired a new position in Progressive in the fourth quarter valued at $353,906,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Progressive by 193.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,206,742 shares of the insurance provider’s stock valued at $502,519,000 after purchasing an additional 1,454,111 shares during the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PGR shares. Wells Fargo & Company lowered Progressive from an “equal weight” rating to an “underweight” rating and set a $205.00 price target on the stock. in a research note on Monday, June 29th. Barclays set a $247.00 price objective on shares of Progressive in a research note on Wednesday, March 18th. Mizuho increased their price objective on shares of Progressive from $217.00 to $243.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Royal Bank Of Canada set a $208.00 target price on shares of Progressive in a research report on Friday, May 22nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $220.00 target price on shares of Progressive in a report on Wednesday, May 20th. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $236.74.

View Our Latest Stock Report on Progressive

Insider Buying and Selling at Progressive

In other Progressive news, insider Steven Broz sold 1,157 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $204.76, for a total value of $236,907.32. Following the transaction, the insider directly owned 27,511 shares of the company’s stock, valued at $5,633,152.36. This trade represents a 4.04% decrease in their ownership of the stock. The transaction 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 John Jo Murphy sold 5,916 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $1,183,200.00. Following the transaction, the insider owned 41,290 shares in the company, valued at approximately $8,258,000. This represents a 12.53% 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. Insiders have sold 15,230 shares of company stock valued at $3,165,817 over the last three months. 0.32% of the stock is owned by company insiders.

Progressive Price Performance

PGR opened at $225.89 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. The Progressive Corporation has a 52-week low of $189.20 and a 52-week high of $254.93. The company has a 50 day moving average of $208.13 and a two-hundred day moving average of $206.80. The company has a market cap of $131.99 billion, a P/E ratio of 11.48, a P/E/G ratio of 4.43 and a beta of 0.26.

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

Progressive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s dividend payout ratio is currently 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.