Mariner LLC Acquires 53,383 Shares of The Progressive Corporation $PGR

Posted by Geri Gentry on Jun 15th, 2026

Mariner LLC raised its holdings in The Progressive Corporation (NYSE:PGR – Free Report) by 8.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 698,019 shares of the insurance provider’s stock after buying an additional 53,383 shares during the quarter. Mariner LLC’s holdings in Progressive were worth $158,971,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Allstate Corp boosted its stake in shares of Progressive by 106.1% during the 4th quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock valued at $10,136,000 after purchasing an additional 22,915 shares in the last quarter. Norges Bank bought a new position in Progressive in the fourth quarter worth about $1,836,094,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Progressive by 5.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,807,068 shares of the insurance provider’s stock worth $411,506,000 after buying an additional 97,275 shares during the period. Investment House LLC purchased a new stake in Progressive in the fourth quarter worth about $8,447,000. Finally, Aventura Private Wealth LLC bought a new stake in Progressive during the 4th quarter valued at approximately $1,158,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider John Jo Murphy sold 5,916 shares of Progressive stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $1,183,200.00. Following the completion of the transaction, the insider owned 41,290 shares of the company’s stock, valued at $8,258,000. The trade was a 12.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,157 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $200.00, for a total transaction of $231,400.00. Following the completion of the transaction, the insider owned 28,668 shares in the company, valued at approximately $5,733,600. The trade was a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,343 shares of company stock worth $1,470,355 over the last three months. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PGR has been the topic of a number of research analyst reports. Evercore reiterated a “negative” rating on shares of Progressive in a report on Wednesday, March 18th. Barclays set a $247.00 price target on Progressive in a research report on Wednesday, March 18th. Weiss Ratings cut Progressive from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Jefferies Financial Group decreased their price objective on Progressive from $216.00 to $215.00 and set a “hold” rating for the company in a report on Tuesday, March 24th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Progressive in a research report on Friday, May 22nd. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $238.11.

Check Out Our Latest Analysis on PGR

Progressive Price Performance

PGR stock opened at $202.86 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a 50 day moving average price of $199.20 and a 200-day moving average price of $207.93. The Progressive Corporation has a 52-week low of $189.20 and a 52-week high of $269.84. The firm has a market capitalization of $118.54 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 5.89 and a beta of 0.28.

Progressive (NYSE:PGR – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, topping 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 company had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $23.51 billion. During the same quarter in the prior year, the business posted $4.37 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that The Progressive Corporation will post 16.35 EPS for the current fiscal year.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Progressive’s dividend payout ratio is currently 2.03%.

About Progressive

(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.