RIHO Partners LLC Has $25.58 Million Stake in The Progressive Corporation $PGR

Posted by Brian Himes on Jul 27th, 2026

RIHO Partners LLC increased its stake in The Progressive Corporation (NYSE:PGR – Free Report) by 5.7% during the 1st quarter, Holdings Channel reports. The firm owned 129,026 shares of the insurance provider’s stock after purchasing an additional 6,926 shares during the quarter. Progressive comprises approximately 16.1% of RIHO Partners LLC’s portfolio, making the stock its 2nd biggest holding. RIHO Partners LLC’s holdings in Progressive were worth $25,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Gateway Wealth Partners LLC purchased a new position in Progressive in the 1st quarter worth approximately $295,000. Berkley W R Corp lifted its holdings in shares of Progressive by 92.9% during the 1st quarter. Berkley W R Corp now owns 207,589 shares of the insurance provider’s stock worth $41,152,000 after acquiring an additional 100,000 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Progressive by 25.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 30,574 shares of the insurance provider’s stock worth $6,061,000 after acquiring an additional 6,196 shares during the last quarter. Waverly Advisors LLC grew its position in Progressive by 99.6% in the first quarter. Waverly Advisors LLC now owns 63,934 shares of the insurance provider’s stock worth $12,674,000 after acquiring an additional 31,897 shares in the last quarter. Finally, Wealth Alliance LLC increased its stake in Progressive by 257.6% in the first quarter. Wealth Alliance LLC now owns 3,158 shares of the insurance provider’s stock valued at $626,000 after acquiring an additional 2,275 shares during the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Progressive

In other news, insider John Jo Murphy sold 5,916 shares of the company’s 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 sale, the insider directly owned 41,290 shares in the company, valued at approximately $8,258,000. This represents a 12.53% decrease in their position. The sale was disclosed in a filing 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, Director Jeffrey D. Kelly sold 7,000 shares of Progressive stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total value of $1,514,310.00. Following the completion of the transaction, the director owned 22,546 shares of the company’s stock, valued at approximately $4,877,376.18. This represents a 23.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,230 shares of company stock valued at $3,165,817. Company insiders own 0.32% of the company’s stock.

Progressive Stock Performance

Shares of PGR opened at $213.85 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The stock has a market cap of $124.96 billion, a P/E ratio of 10.72, a P/E/G ratio of 2.88 and a beta of 0.26. The business’s 50 day moving average price is $209.88 and its 200-day moving average price is $205.87. The Progressive Corporation has a 52 week low of $189.20 and a 52 week high of $254.93.

Progressive Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. HSBC increased their price objective on Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Mizuho increased their price target on shares of Progressive from $217.00 to $243.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Evercore set a $240.00 price target on shares of Progressive in a research note on Friday, July 10th. Wells Fargo & Company lowered their price objective on shares of Progressive from $205.00 to $198.00 and set an “underweight” rating for the company in a report on Thursday, July 16th. Finally, William Blair reaffirmed a “market perform” rating on shares of Progressive in a report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Progressive presently has a consensus rating of “Hold” and a consensus target price of $236.11.

Read Our Latest Stock Analysis on PGR

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.