171,841 Shares in The Progressive Corporation $PGR Purchased by Freestone Grove Partners LP

Posted by Francis Steltz on Aug 27th, 2026

Freestone Grove Partners LP purchased a new stake in The Progressive Corporation (NYSE:PGR – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 171,841 shares of the insurance provider’s stock, valued at approximately $37,539,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC grew its stake in shares of Progressive by 235.1% in the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 87 shares during the last quarter. IMG Wealth Management Inc. acquired a new position in shares of Progressive in the second quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Progressive during the second quarter worth approximately $26,000. Bard Associates Inc. purchased a new stake in shares of Progressive during the fourth quarter worth approximately $27,000. Finally, Kilter Group LLC acquired a new stake in shares of Progressive during the second quarter worth $27,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PGR has been the topic of a number of analyst reports. Bank of America lowered their price objective on shares of Progressive from $313.00 to $308.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. William Blair restated a “market perform” rating on shares of Progressive in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Progressive in a report on Monday, August 3rd. Cantor Fitzgerald dropped their price target on shares of Progressive from $220.00 to $200.00 and set a “neutral” rating on the stock in a research note on Monday, August 17th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Progressive in a report on Wednesday, August 19th. Seven 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $236.05.

Get Our Latest Analysis on Progressive

Insider Activity

In other news, insider Steven Broz sold 1,225 shares of Progressive stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $219.40, for a total transaction of $268,765.00. Following the completion of the sale, the insider directly owned 31,257 shares in the company, valued at approximately $6,857,785.80. This trade represents a 3.77% decrease in their position. The transaction was disclosed in a legal 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, CIO Jonathan S. Bauer sold 2,242 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $212.71, for a total value of $476,895.82. Following the sale, the executive directly owned 26,250 shares in the company, valued at $5,583,637.50. This trade represents a 7.87% 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. Insiders have sold 83,449 shares of company stock valued at $17,685,203 in the last quarter. Insiders own 0.32% of the company’s stock.

Progressive Trading Up 0.1%

NYSE:PGR opened at $222.36 on Thursday. The stock has a fifty day moving average price of $216.64 and a two-hundred day moving average price of $207.04. The stock has a market capitalization of $129.27 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 2.96 and a beta of 0.27. 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 Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $249.83.

Progressive (NYSE:PGR – Get Free Report) last issued 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 analyst estimates of $19.49 billion. During the same period in the previous year, the firm earned $5.40 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that The Progressive Corporation will post 17.74 earnings per share for the current fiscal year.

Progressive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is 2.01%.

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.