Daiwa Securities Group Inc. Has $37 Million Position in The Progressive Corporation $PGR

Posted by Francis Steltz on Jun 5th, 2026

Daiwa Securities Group Inc. lifted its holdings in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 10.6% during the fourth quarter, HoldingsChannel reports. The firm owned 162,456 shares of the insurance provider’s stock after acquiring an additional 15,635 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Progressive were worth $36,995,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Illinois Municipal Retirement Fund raised its position in Progressive by 30.2% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 102,778 shares of the insurance provider’s stock valued at $25,381,000 after buying an additional 23,833 shares during the last quarter. Allstate Corp raised its position in Progressive by 106.1% in the 4th quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock valued at $10,136,000 after buying an additional 22,915 shares during the last quarter. Prospera Financial Services Inc raised its position in Progressive by 36.9% in the 3rd quarter. Prospera Financial Services Inc now owns 19,240 shares of the insurance provider’s stock valued at $4,752,000 after buying an additional 5,184 shares during the last quarter. Norges Bank acquired a new stake in Progressive in the 4th quarter valued at approximately $1,836,094,000. Finally, Mariner LLC raised its position in Progressive by 7.9% in the 3rd quarter. Mariner LLC now owns 644,636 shares of the insurance provider’s stock valued at $159,183,000 after buying an additional 47,248 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Transactions at Progressive

In other Progressive news, CAO Carl G. Joyce sold 270 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $206.50, for a total transaction of $55,755.00. Following the completion of the sale, the chief accounting officer owned 558 shares of the company’s stock, valued at $115,227. This trade represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Progressive in a research report on Friday, May 22nd. Morgan Stanley decreased their price target on Progressive from $205.00 to $190.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Zacks Research upgraded Progressive from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Mizuho decreased their price target on Progressive from $235.00 to $223.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $225.00 price target on shares of Progressive in a research note on Monday, February 23rd. Six 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 company. Based on data from MarketBeat, Progressive presently has an average rating of “Hold” and a consensus price target of $238.11.

Get Our Latest Research Report on PGR

Progressive Stock Performance

Shares of NYSE PGR opened at $195.60 on Friday. The Progressive Corporation has a 12 month low of $189.20 and a 12 month high of $283.95. The stock has a 50 day moving average of $198.86 and a 200-day moving average of $208.90. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $114.29 billion, a P/E ratio of 9.94, a P/E/G ratio of 5.61 and a beta of 0.28.

Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The business had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $23.51 billion. During the same quarter last year, the firm posted $4.37 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that The Progressive Corporation will post 16.33 EPS for the current year.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is currently 2.03%.

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.