Vise Technologies Inc. bought a new stake in The Progressive Corporation (NYSE:PGR – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,767 shares of the insurance provider’s stock, valued at approximately $5,629,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in PGR. Bogart Wealth LLC increased its position in Progressive by 235.1% in 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. IMG Wealth Management Inc. acquired a new position in Progressive during the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new position in Progressive during the 2nd quarter valued at about $26,000. Bard Associates Inc. bought a new position in shares of Progressive in the 4th quarter valued at about $27,000. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Progressive by 700.0% in 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 during the last quarter. Institutional investors own 85.34% of the company’s stock.
Insider Buying and Selling
In related 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 value of $7,942,165.98. Following the completion of the sale, the chief executive officer owned 522,776 shares in the company, valued at $111,199,682.96. This represents a 6.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 22,546 shares in the company, valued at $4,877,376.18. The trade was a 23.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 82,224 shares of company stock worth $17,416,438 over the last ninety days. Insiders own 0.32% of the company’s stock.
Progressive Stock Performance
Progressive (NYSE:PGR – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.64 by $1.03. Progressive had a net margin of 12.84% and a return on equity of 32.92%. The firm had revenue of $23.61 billion during the quarter, compared to analysts’ expectations of $19.49 billion. During the same quarter in the previous year, the company 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 17.55 earnings per share for the current year.
Progressive Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Thursday, October 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s payout ratio is 2.01%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on PGR shares. Bank of America lowered their price target 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. Keefe, Bruyette & Woods raised shares of Progressive from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $226.00 to $250.00 in a research note on Thursday. Royal Bank Of Canada set a $208.00 price objective on shares of Progressive in a research note on Friday, May 22nd. Roth Capital reaffirmed a “buy” rating and set a $245.00 target price on shares of Progressive in a report on Thursday. Finally, UBS Group upped their target price on shares of Progressive from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $236.05.
Read Our Latest Stock Analysis on PGR
More Progressive News
Here are the key news stories impacting Progressive this week:
- Positive Sentiment: Keefe, Bruyette & Woods upgraded PGR to “outperform” from “market perform” and raised its price target to $250 from $226, implying meaningful upside from recent trading levels. KBW upgrades Progressive
- Positive Sentiment: July operating growth remained solid: net premiums written and earned both rose 5% year over year, while total policies in force increased 7% to 40.3 million. Personal auto policies were particularly strong, with direct auto policies up 9%. Progressive July 2026 results
- Neutral Sentiment: Analyst views remain mixed. Wells Fargo raised its price target modestly to $201 from $198 but retained an “underweight” rating, while William Blair maintained a “hold” stance, citing earnings deceleration and slower growth. Wells Fargo rating update
- Negative Sentiment: July earnings weakened despite premium growth. Net income fell 12% to $961 million and earnings per share declined 11% to $1.65. The combined ratio worsened to 86.8 from 85.3, indicating lower underwriting profitability, while realized securities results swung to a $47 million loss from a $79 million gain. Progressive July earnings analysis
- Negative Sentiment: Reported insider activity may weigh on sentiment: available data showed multiple company insiders selling shares over the past six months and no reported insider purchases.
Progressive Company Profile
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.
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