8,931 The Progressive Corporation $PGR Shares Bought by Rakuten Investment Management Inc.

Posted by Geri Gentry on Nov 4th, 2026

Rakuten Investment Management Inc. increased its position in The Progressive Corporation (NYSE:PGR – Free Report) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,542 shares of the insurance provider’s stock after buying an additional 8,931 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Progressive were worth $22,008,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Progressive in the second quarter worth about $10,496,271,000. Bank of America Corp DE acquired a new stake in Progressive in the 2nd quarter valued at about $2,682,342,000. GQG Partners LLC bought a new position in shares of Progressive during the 2nd quarter valued at about $1,538,570,000. Deutsche Bank AG bought a new position in shares of Progressive during the 2nd quarter valued at about $1,098,838,000. Finally, Jupiter Topco LLC bought a new position in shares of Progressive during the 2nd quarter valued at about $935,172,000. Institutional investors own 85.34% of the company’s stock.

Wall Street Analyst Weigh In

PGR has been the topic of a number of research reports. UBS Group reiterated a “neutral” rating and issued a $238.00 target price on shares of Progressive in a report on Monday, October 19th. TD Cowen reduced their target price on shares of Progressive from $266.00 to $222.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. The Goldman Sachs Group lifted their price target on shares of Progressive from $233.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Bank of America upped their price target on Progressive from $302.00 to $314.00 in a report on Thursday, October 1st. Finally, HSBC reiterated a “hold” rating and set a $216.00 price objective (down from $221.00) on shares of Progressive in a research report on Wednesday, October 7th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $234.45.

Read Our Latest Report on Progressive

Progressive Price Performance

NYSE PGR opened at $229.13 on Wednesday. The stock’s 50-day moving average price is $218.04 and its two-hundred day moving average price is $209.55. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.24. The company has a market cap of $133.21 billion, a PE ratio of 11.54, a PEG ratio of 2.70 and a beta of 0.22. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $239.38.

Progressive Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, October 1st. Progressive’s dividend payout ratio (DPR) is 2.01%.

Insider Activity

In related news, insider Lori A. Niederst sold 7,339 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $209.29, for a total value of $1,535,979.31. Following the completion of the transaction, the insider owned 42,567 shares of the company’s stock, valued at approximately $8,908,847.43. This trade represents a 14.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,225 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $223.32, for a total transaction of $273,567.00. Following the completion of the transaction, the insider directly owned 28,807 shares of the company’s stock, valued at $6,433,179.24. This represents a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 48,352 shares of company stock worth $10,524,258 over the last 90 days. 0.32% of the stock is owned by company insiders.

About Progressive

(Free Report)

Progressive Corporation is an insurance holding company headquartered in Mayfield Village, Ohio. Founded in 1937, the company provides insurance products primarily to consumers and businesses in the United States. Progressive distributes its products directly through its website, mobile channels and call centers, as well as through independent agents and brokers.

The company is best known for personal auto insurance, including coverage for cars, motorcycles, boats, recreational vehicles and other personal vehicles.