Pacer Advisors Inc. Has $12.64 Million Position in The Progressive Corporation $PGR

Posted by Francis Steltz on Jun 21st, 2026

Pacer Advisors Inc. grew its holdings in The Progressive Corporation (NYSE:PGR – Free Report) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,506 shares of the insurance provider’s stock after purchasing an additional 8,298 shares during the period. Pacer Advisors Inc.’s holdings in Progressive were worth $12,640,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kera Capital Partners Inc. grew its holdings in shares of Progressive by 28.1% during the fourth quarter. Kera Capital Partners Inc. now owns 1,926 shares of the insurance provider’s stock valued at $401,000 after buying an additional 422 shares in the last quarter. Virtu Financial LLC purchased a new stake in Progressive in the 4th quarter worth about $1,673,000. MV Capital Management Inc. purchased a new stake in Progressive in the 4th quarter worth about $114,000. Cambient Family Office LLC acquired a new stake in Progressive during the 4th quarter worth about $340,000. Finally, Waterford Advisors LLC acquired a new stake in Progressive during the 4th quarter worth about $1,607,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Stock Performance

Shares of PGR stock opened at $204.42 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. The Progressive Corporation has a fifty-two week low of $189.20 and a fifty-two week high of $267.92. The stock’s 50-day moving average is $200.01 and its two-hundred day moving average is $207.23. The firm has a market cap of $119.45 billion, a P/E ratio of 10.39, a PEG ratio of 5.88 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 analysts’ consensus estimates of $4.67 by $0.13. The company had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $23.51 billion. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $4.37 EPS. Analysts predict that The Progressive Corporation will post 16.82 earnings per share for the current fiscal year.

Progressive Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PGR shares. Wells Fargo & Company dropped their target price on Progressive from $222.00 to $219.00 and set an “equal weight” rating on the stock in a report on Thursday. Zacks Research upgraded shares of Progressive from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Morgan Stanley lowered their price objective on shares of Progressive from $205.00 to $190.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Evercore reiterated a “negative” rating on shares of Progressive in a research note on Wednesday, March 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $220.00 price objective on shares of Progressive in a research note on Wednesday, May 20th. Six research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $237.58.

Get Our Latest Stock Analysis on Progressive

Insider Activity at Progressive

In other Progressive news, insider Steven Broz sold 1,157 shares of Progressive stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $231,400.00. Following the completion of the sale, the insider directly owned 28,668 shares in the company, valued at $5,733,600. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 John Jo Murphy sold 5,916 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was 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 of the company’s stock, valued at $8,258,000. This represents a 12.53% decrease in their ownership of the stock. 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. 0.32% of the stock is currently owned by company insiders.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

Positive Sentiment: May results showed stronger earnings momentum, with higher premiums, investment income, and underwriting performance helping drive a 36% year-over-year earnings increase. Progressive’s May Earnings Increase Y/Y on Higher Investment Income
Positive Sentiment: Bank of America kept a Buy rating on Progressive despite trimming its price target, which still implies meaningful upside from current levels. Progressive price target lowered by Bank of America Corporation
Positive Sentiment: Keefe, Bruyette & Woods raised its price target for Progressive, signaling continued confidence in the company’s outlook. Progressive price target raised by Keefe, Bruyette & Woods
Neutral Sentiment: Progressive is getting attention from investors and appears on undervalued-stock screens, but these are more sentiment-driven than company-specific catalysts. 5 Most Undervalued NYSE Stocks to Invest In
Neutral Sentiment: Analysts remain split on Progressive, with conflicting views highlighting uncertainty around valuation and future earnings durability. Analysts Have Conflicting Sentiments on These Financial Companies: Progressive (PGR) and Open Lending (LPRO)

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.

Want to see what other hedge funds are holding PGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Progressive Corporation (NYSE:PGR – Free Report).

Institutional Ownership by Quarter for Progressive (NYSE:PGR)

Receive News & Ratings for Progressive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Progressive and related companies with MarketBeat.com's FREE daily email newsletter.