Liberty Capital Management Inc. Takes $2.59 Million Position in The Progressive Corporation $PGR

Posted by Brenda Bartman on Aug 15th, 2026

Liberty Capital Management Inc. purchased a new position in shares of The Progressive Corporation (NYSE:PGR – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 11,837 shares of the insurance provider’s stock, valued at approximately $2,586,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Progressive by 15.6% during the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock worth $813,000 after purchasing an additional 457 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Progressive during the 4th quarter worth about $269,000. Bison Wealth LLC boosted its stake in shares of Progressive by 3.2% during the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock worth $615,000 after buying an additional 80 shares during the last quarter. HUB Investment Partners LLC grew its holdings in shares of Progressive by 7.8% in the 2nd quarter. HUB Investment Partners LLC now owns 2,282 shares of the insurance provider’s stock valued at $609,000 after acquiring an additional 166 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its position in shares of Progressive by 12.0% in the second quarter. Diversify Wealth Management LLC now owns 15,146 shares of the insurance provider’s stock valued at $3,681,000 after acquiring an additional 1,622 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Progressive Trading Up 0.3%

Shares of Progressive stock opened at $209.48 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50-day moving average of $214.36 and a 200-day moving average of $206.47. The Progressive Corporation has a 52-week low of $189.20 and a 52-week high of $254.93. The stock has a market cap of $121.79 billion, a PE ratio of 10.51, a PEG ratio of 2.81 and a beta of 0.27.

Progressive (NYSE:PGR – Get Free Report) last announced its earnings results on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, topping the consensus estimate of $4.64 by $1.03. Progressive had a net margin of 12.84% and a return on equity of 32.92%. The company had revenue of $23.61 billion for the quarter, compared to analysts’ expectations of $19.49 billion. During the same period last year, the firm earned $5.40 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that The Progressive Corporation will post 17.57 EPS for the current year.

Progressive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 1st. Progressive’s dividend payout ratio is presently 2.01%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. William Blair reissued a “market perform” rating on shares of Progressive in a research note on Wednesday, July 15th. Mizuho set a $236.00 price objective on shares of Progressive in a research report on Wednesday, August 5th. Wells Fargo & Company lowered 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. Royal Bank Of Canada set a $208.00 target price on shares of Progressive in a research note on Friday, May 22nd. Finally, BMO Capital Markets dropped their price objective on Progressive from $220.00 to $205.00 and set a “market perform” rating on the stock in a research note on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Progressive currently has a consensus rating of “Hold” and an average target price of $235.00.

View Our Latest Stock Report on PGR

Insider Activity

In other news, CEO Susan Patricia Griffith sold 37,338 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $212.71, for a total transaction of $7,942,165.98. Following the completion of the transaction, the chief executive officer directly owned 522,776 shares in the company, valued at approximately $111,199,682.96. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $1,797,824.92. Following the completion of the transaction, the insider directly owned 32,348 shares of the company’s stock, valued at $6,880,743.08. This represents a 20.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 74,885 shares of company stock valued at $15,880,459. Company 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.