Czech National Bank Purchases 6,702 Shares of The Progressive Corporation $PGR

Posted by Brian Himes on Aug 7th, 2026

Czech National Bank boosted its position in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 4.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,324 shares of the insurance provider’s stock after buying an additional 6,702 shares during the period. Czech National Bank’s holdings in Progressive were worth $36,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allstate Corp boosted its stake in Progressive by 106.1% in the fourth quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock valued at $10,136,000 after buying an additional 22,915 shares in the last quarter. Norges Bank bought a new position in shares of Progressive in the fourth quarter worth about $1,836,094,000. Investment House LLC bought a new position in shares of Progressive in the fourth quarter worth about $8,447,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Progressive by 5.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,807,068 shares of the insurance provider’s stock valued at $411,506,000 after purchasing an additional 97,275 shares in the last quarter. Finally, Van Cleef Asset Management Inc boosted its position in Progressive by 1.2% in the fourth quarter. Van Cleef Asset Management Inc now owns 761,587 shares of the insurance provider’s stock valued at $173,429,000 after buying an additional 9,017 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

Insider Activity at Progressive

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

Analyst Upgrades and Downgrades

PGR has been the topic of several research reports. HSBC upped their price objective on Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research note on Monday, July 6th. UBS Group lifted their price objective on Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. Wells Fargo & Company reduced their price objective on shares of Progressive from $205.00 to $198.00 and set an “underweight” rating for the company in a research report on Thursday, July 16th. William Blair reiterated a “market perform” rating on shares of Progressive in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Progressive from $231.00 to $226.00 and set a “market perform” rating on the stock in a research report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $235.26.

Get Our Latest Report on Progressive

Progressive Stock Up 1.1%

Shares of NYSE:PGR opened at $215.04 on Friday. The business’s 50 day simple moving average is $212.50 and its two-hundred day simple moving average is $206.20. The firm has a market cap of $125.02 billion, a P/E ratio of 10.78, a PEG ratio of 2.87 and a beta of 0.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.29. The Progressive Corporation has a 52-week low of $189.20 and a 52-week high of $254.93.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

Positive Sentiment: Progressive’s second-quarter 2026 earnings-call presentation is the most relevant company-specific item in the news flow. However, the provided headline does not include detailed results, guidance, or operating metrics, so it is not possible to determine whether the quarter materially exceeded expectations. The Progressive Corporation 2026 Q2 Results Earnings Call Presentation
Neutral Sentiment: Several reports feature analysts discussing Progressive alongside other financial companies. The supplied articles do not specify consensus changes, price-target revisions, or rating actions, suggesting limited immediate impact from this coverage. Analysts Offer Insights on Financial Companies Analysts Have Conflicting Sentiments on Financial Companies
Neutral Sentiment: The remaining reports concern politicians and candidates described as “progressive,” including Michigan primary elections. They do not involve The Progressive Corporation or its insurance operations and should not affect PGR’s valuation. Progressive Democrat Wins in Michigan

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.