Ieq Capital LLC Acquires New Stake in The Progressive Corporation $PGR

Posted by George Bondi on Aug 23rd, 2026

Ieq Capital LLC acquired a new stake in shares of The Progressive Corporation (NYSE:PGR – Free Report) in the second quarter, Holdings Channel reports. The firm acquired 70,816 shares of the insurance provider’s stock, valued at approximately $15,470,000.

Several other hedge funds have also added to or reduced their stakes in PGR. Vanguard Group Inc. increased its holdings in shares of Progressive by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 55,261,140 shares of the insurance provider’s stock valued at $12,584,067,000 after acquiring an additional 593,612 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Progressive in the 2nd quarter worth about $10,496,271,000. State Street Corp boosted its stake in Progressive by 0.3% in the 3rd quarter. State Street Corp now owns 25,808,762 shares of the insurance provider’s stock worth $6,373,474,000 after purchasing an additional 78,374 shares in the last quarter. Capital International Investors boosted its stake in Progressive by 8.9% in the 4th quarter. Capital International Investors now owns 14,921,724 shares of the insurance provider’s stock worth $3,398,123,000 after purchasing an additional 1,217,527 shares in the last quarter. Finally, GQG Partners LLC grew its position in Progressive by 11.7% during the 4th quarter. GQG Partners LLC now owns 10,432,549 shares of the insurance provider’s stock valued at $2,375,706,000 after purchasing an additional 1,092,151 shares during the last quarter. 85.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Progressive

In related news, insider Karen Bailo sold 8,452 shares of the business’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 directly owned 32,348 shares in the company, valued at approximately $6,880,743.08. The trade was a 20.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Susan Patricia Griffith sold 37,338 shares of the business’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 $7,942,165.98. Following the sale, the chief executive officer owned 522,776 shares of the company’s stock, valued at $111,199,682.96. This trade represents a 6.67% decrease in their ownership of the stock. 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 quarter, insiders sold 82,224 shares of company stock worth $17,416,438. 0.32% of the stock is owned by corporate insiders.

Progressive Stock Performance

PGR stock opened at $219.45 on Friday. The company has a market cap of $127.58 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 2.94 and a beta of 0.27. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $252.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s fifty day moving average price is $215.53 and its 200-day moving average price is $206.64.

Progressive (NYSE:PGR – Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, topping the consensus estimate of $4.64 by $1.03. The company had revenue of $23.61 billion during the quarter, compared to analyst estimates of $19.49 billion. Progressive had a return on equity of 32.92% and a net margin of 12.84%.Progressive’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.40 earnings per share. On average, equities analysts forecast that The Progressive Corporation will post 17.71 earnings per share for the current year.

Progressive Dividend Announcement

The company also recently declared 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 dividend yield of 0.2%. The ex-dividend date is Thursday, October 1st. Progressive’s payout ratio is currently 2.01%.

Analyst Upgrades and Downgrades

PGR has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. cut their price target on shares of Progressive from $250.00 to $241.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Roth Capital reissued a “buy” rating and set a $245.00 price target on shares of Progressive in a research report on Thursday. Royal Bank Of Canada set a $208.00 price target on shares of Progressive in a research report on Friday, May 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of Progressive from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $226.00 to $250.00 in a report on Thursday. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $236.05.

Check Out Our Latest Report on PGR

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.