7G Capital Management LLC Takes Position in The Progressive Corporation $PGR

Posted by Brenda Bartman on Aug 1st, 2026

7G Capital Management LLC purchased a new position in shares of The Progressive Corporation (NYSE:PGR – Free Report) in the first quarter, Holdings Channel reports. The fund purchased 40,000 shares of the insurance provider’s stock, valued at approximately $7,930,000. Progressive comprises 4.5% of 7G Capital Management LLC’s holdings, making the stock its 6th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Klingman & Associates LLC lifted its position in shares of Progressive by 1.7% in the 4th quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider’s stock valued at $667,000 after acquiring an additional 48 shares in the last quarter. Revisor Wealth Management LLC increased its stake in shares of Progressive by 2.7% during 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 last quarter. Pines Wealth Management LLC raised its holdings in Progressive by 3.9% during the fourth quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider’s stock valued at $319,000 after buying an additional 52 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Progressive by 0.3% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock worth $4,267,000 after buying an additional 52 shares during the last quarter. Finally, Phillips Wealth Planners LLC boosted its stake in shares of Progressive by 2.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,916 shares of the insurance provider’s stock worth $436,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

Progressive Stock Down 0.8%

Progressive stock opened at $211.50 on Friday. The stock has a market cap of $123.59 billion, a P/E ratio of 10.61, a P/E/G ratio of 2.88 and a beta of 0.26. The company’s 50-day moving average price is $211.33 and its two-hundred day moving average price is $206.05. 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 Progressive Corporation has a twelve month low of $189.20 and a twelve month high of $254.93.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd were paid a $0.10 dividend. 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%.

Insider Buying and Selling at Progressive

In other news, insider Karen Bailo sold 8,452 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $212.71, for a total transaction of $1,797,824.92. Following the completion of the sale, the insider owned 32,348 shares of the company’s stock, valued at approximately $6,880,743.08. This represents a 20.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew J. Quigg sold 3,499 shares of Progressive stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $220.00, for a total value of $769,780.00. Following the completion of the transaction, the chief financial officer owned 42,595 shares in the company, valued at approximately $9,370,900. The trade was a 7.59% 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 a total of 74,885 shares of company stock valued at $15,880,459 over the last ninety days. 0.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on PGR. Evercore set a $240.00 price objective on shares of Progressive in a research note on Friday, July 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $250.00 target price on shares of Progressive in a research note on Tuesday, July 14th. Wells Fargo & Company reduced their price objective on shares of Progressive from $205.00 to $198.00 and set an “underweight” rating on the stock in a research note on Thursday, July 16th. Keefe, Bruyette & Woods cut their price objective on Progressive from $231.00 to $226.00 and set a “market perform” rating on the stock in a report on Thursday, July 16th. 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, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $236.11.

Get Our Latest Analysis on Progressive

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.