Renaissance Technologies LLC Buys 295,482 Shares of The Progressive Corporation $PGR

Posted by Brian Himes on Jul 26th, 2026

Renaissance Technologies LLC lifted its position in The Progressive Corporation (NYSE:PGR – Free Report) by 111.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 559,782 shares of the insurance provider’s stock after buying an additional 295,482 shares during the quarter. Renaissance Technologies LLC’s holdings in Progressive were worth $110,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Klingman & Associates LLC boosted its holdings in Progressive by 1.7% in the 4th quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider’s stock valued at $667,000 after purchasing an additional 48 shares during the period. Revisor Wealth Management LLC boosted its holdings in Progressive by 2.7% during the fourth quarter. Revisor Wealth Management LLC now owns 1,902 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 50 shares in the last quarter. Pines Wealth Management LLC grew its position in Progressive by 3.9% in the fourth quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider’s stock valued at $319,000 after acquiring an additional 52 shares during the period. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Progressive by 0.3% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock worth $4,267,000 after purchasing an additional 52 shares during the last quarter. Finally, Phillips Wealth Planners LLC grew its stake in Progressive by 2.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,916 shares of the insurance provider’s stock worth $436,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Stock Up 3.3%

NYSE PGR opened at $213.85 on Friday. The stock has a market capitalization of $124.96 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 2.88 and a beta of 0.26. The Progressive Corporation has a 52 week low of $189.20 and a 52 week high of $254.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.32. The stock has a fifty day moving average of $209.88 and a 200-day moving average of $205.92.

Progressive Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were issued a $0.10 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is currently 2.01%.

Insider Buying and Selling

In other Progressive news, insider John Jo Murphy sold 5,916 shares of the business’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 $1,183,200.00. Following the completion of the sale, the insider directly owned 41,290 shares of the company’s stock, valued at approximately $8,258,000. The trade was a 12.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Monday, June 22nd. The shares were sold at an average price of $204.76, for a total transaction of $236,907.32. Following the transaction, the insider owned 27,511 shares in the company, valued at approximately $5,633,152.36. The trade was a 4.04% 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. Insiders sold a total of 15,230 shares of company stock worth $3,165,817 over the last three months. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. William Blair reiterated a “market perform” rating on shares of Progressive in a research note on Wednesday, July 15th. Evercore set a $240.00 price target on Progressive in a research report on Friday, July 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $250.00 price target on shares of Progressive in a report on Tuesday, July 14th. Wells Fargo & Company cut their price objective on Progressive from $205.00 to $198.00 and set an “underweight” rating for the company in a research report on Thursday, July 16th. Finally, BMO Capital Markets reduced their price objective on Progressive from $220.00 to $205.00 and set a “market perform” rating on the stock in a research note on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Progressive presently has a consensus rating of “Hold” and an average price target of $236.11.

View Our Latest Research Report on PGR

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.