Fortis Capital Management LLC Sells 13,511 Shares of The Progressive Corporation $PGR

Posted by Francis Steltz on Jul 22nd, 2026

Fortis Capital Management LLC lessened its position in The Progressive Corporation (NYSE:PGR – Free Report) by 76.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,103 shares of the insurance provider’s stock after selling 13,511 shares during the period. Fortis Capital Management LLC’s holdings in Progressive were worth $813,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC raised its position in shares of 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 purchasing an additional 87 shares during the period. Bard Associates Inc. acquired a new stake in Progressive in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC increased its stake in Progressive by 700.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 126 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new stake in Progressive during the 4th quarter valued at $29,000. Finally, Entrust Financial LLC acquired a new position in Progressive during the fourth quarter worth $33,000. Institutional investors own 85.34% of the company’s stock.

Analysts Set New Price Targets

PGR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Progressive from $231.00 to $226.00 and set a “market perform” rating on the stock in a research note on Thursday, July 16th. Bank of America decreased their target price on shares of Progressive from $313.00 to $308.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. William Blair restated a “market perform” rating on shares of Progressive in a report on Wednesday, July 15th. Evercore set a $240.00 price target on shares of Progressive in a research report on Friday, July 10th. Finally, UBS Group lifted their price target on Progressive from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $235.05.

Check Out Our Latest Analysis on Progressive

Progressive Price Performance

Shares of NYSE:PGR opened at $205.78 on Wednesday. The company has a current ratio of 0.32, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. The stock has a market cap of $120.25 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 2.86 and a beta of 0.26. The stock’s fifty day simple moving average is $209.23 and its two-hundred day simple moving average is $206.06. The Progressive Corporation has a 1-year low of $189.20 and a 1-year high of $254.93.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were issued a $0.10 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio is currently 2.01%.

Insider Activity at Progressive

In other Progressive news, insider Steven Broz sold 1,157 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $204.76, for a total value of $236,907.32. Following the completion of the sale, the insider directly owned 27,511 shares of the company’s stock, valued at approximately $5,633,152.36. This represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $1,183,200.00. Following the completion of the sale, the insider owned 41,290 shares of the company’s stock, valued at approximately $8,258,000. This trade represents a 12.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 ninety days. 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.