SG Trading Solutions LLC Acquires New Stake in The Progressive Corporation $PGR

Posted by George Bondi on Jun 19th, 2026

SG Trading Solutions LLC bought a new position in shares of The Progressive Corporation (NYSE:PGR – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 6,855 shares of the insurance provider’s stock, valued at approximately $1,561,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Progressive in the 4th quarter valued at about $1,836,094,000. Capital International Investors grew its holdings in shares of Progressive by 78.9% during the third quarter. Capital International Investors now owns 13,704,197 shares of the insurance provider’s stock worth $3,384,082,000 after purchasing an additional 6,045,732 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Progressive by 181.8% in the fourth quarter. Wellington Management Group LLP now owns 6,506,302 shares of the insurance provider’s stock worth $1,481,615,000 after purchasing an additional 4,197,212 shares during the last quarter. Capital Research Global Investors increased its position in shares of Progressive by 26.1% in the third quarter. Capital Research Global Investors now owns 11,167,940 shares of the insurance provider’s stock worth $2,757,905,000 after purchasing an additional 2,314,864 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new stake in Progressive in the fourth quarter valued at approximately $353,906,000. 85.34% of the stock is currently owned by institutional investors.

Progressive Stock Up 0.0%

Shares of NYSE PGR opened at $204.42 on Friday. The stock has a market capitalization of $119.45 billion, a P/E ratio of 10.39, a PEG ratio of 5.93 and a beta of 0.28. The Progressive Corporation has a one year low of $189.20 and a one year high of $267.92. The firm’s 50 day simple moving average is $199.89 and its two-hundred day simple moving average is $207.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27.

Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The firm had revenue of $22.19 billion during the quarter, compared to analyst estimates of $23.51 billion. During the same period in the previous year, the business posted $4.37 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts expect that The Progressive Corporation will post 16.34 EPS for the current fiscal year.

Progressive Dividend Announcement

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 paid a $0.10 dividend. 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 payout ratio is currently 2.03%.

Insider Activity

In other Progressive news, insider John Jo Murphy sold 5,916 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the completion of the sale, the insider directly owned 41,290 shares in the company, valued at $8,258,000. This represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,157 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $231,400.00. Following the transaction, the insider directly owned 28,668 shares in the company, valued at $5,733,600. This trade represents a 3.88% 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. Corporate insiders own 0.32% of the company’s stock.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

Positive Sentiment: May 2026 results showed solid underwriting and growth: net premiums written rose 6%, net premiums earned increased 10%, net income jumped 36%, and the combined ratio improved to 82.1 from 86.9, signaling stronger profitability and pricing discipline. Progressive Reports May 2026 Results
Positive Sentiment: Policies in force rose 8% year over year to 39.97 million, with personal auto and direct auto leading growth, which supports future premium volume. Progressive Reports May 2026 Results
Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $210 from $208, and Bank of America lowered its target to $313 from $331 while keeping a Buy rating, leaving analysts broadly constructive despite valuation shifts. Analyst price target updates
Neutral Sentiment: The company announced a planned leadership transition, with Personal Lines President Pat Callahan set to retire in January 2027 and internal promotions filling key roles. The move suggests continuity, but it also introduces some management-change uncertainty. Progressive Announces Management Changes
Neutral Sentiment: Separate commentary and list appearances, including coverage calling Progressive undervalued and attracting investor attention, may be helping sentiment, but they do not change fundamentals by themselves. 5 Most Undervalued NYSE Stocks to Invest In
Negative Sentiment: Some analyst and market commentary remains mixed, including an underweight view from Morgan Stanley and broader debate over whether current strength is already priced in. Seeking Alpha commentary

Analyst Ratings Changes

PGR has been the subject of several research analyst reports. Roth Mkm set a $235.00 target price on shares of Progressive in a research report on Thursday, February 19th. The Goldman Sachs Group reissued a “buy” rating and issued a $225.00 price target on shares of Progressive in a report on Monday, February 23rd. BMO Capital Markets restated a “market perform” rating and set a $220.00 price objective on shares of Progressive in a research report on Wednesday, May 20th. Barclays set a $247.00 price objective on shares of Progressive in a report on Wednesday, March 18th. Finally, Morgan Stanley cut their target price on shares of Progressive from $205.00 to $190.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Six 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $237.58.

Get Our Latest Report on Progressive

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.