Simplicity Wealth LLC Acquires Shares of 7,018 The Progressive Corporation $PGR

Posted by Francis Steltz on Aug 17th, 2026

Simplicity Wealth LLC acquired a new position in The Progressive Corporation (NYSE:PGR – Free Report) during the second quarter, Holdings Channel.com reports. The firm acquired 7,018 shares of the insurance provider’s stock, valued at approximately $1,533,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PGR. Klingman & Associates LLC boosted its holdings in Progressive by 1.7% in the fourth 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 last quarter. Revisor Wealth Management LLC raised its stake in shares of Progressive by 2.7% during the 4th quarter. Revisor Wealth Management LLC now owns 1,902 shares of the insurance provider’s stock valued at $395,000 after buying an additional 50 shares during the last quarter. Pines Wealth Management LLC lifted its holdings in shares of Progressive by 3.9% in the 4th quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider’s stock valued at $319,000 after buying an additional 52 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Progressive by 0.3% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock worth $4,267,000 after buying an additional 52 shares during the last quarter. Finally, Phillips Wealth Planners LLC grew its holdings 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 acquiring an additional 52 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PGR. Keefe, Bruyette & Woods decreased their target price on shares of Progressive from $231.00 to $226.00 and set a “market perform” rating for the company in a research note on Thursday, July 16th. HSBC increased their target price on shares of Progressive from $214.00 to $221.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Progressive in a report on Monday, August 3rd. Bank of America dropped their price objective on Progressive from $313.00 to $308.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Finally, BMO Capital Markets decreased their target price on Progressive from $220.00 to $205.00 and set a “market perform” rating on the stock in a research report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $235.00.

View Our Latest Analysis on PGR

Insiders Place Their Bets

In other news, CEO Susan Patricia Griffith sold 37,338 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $212.71, for a total transaction of $7,942,165.98. Following the completion of the sale, the chief executive officer owned 522,776 shares in the company, valued at $111,199,682.96. This trade represents a 6.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CIO Jonathan S. Bauer sold 2,242 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $212.71, for a total value of $476,895.82. Following the completion of the transaction, the executive directly owned 26,250 shares in the company, valued at approximately $5,583,637.50. This trade represents a 7.87% 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. Over the last 90 days, insiders have sold 74,885 shares of company stock worth $15,880,459. 0.32% of the stock is currently owned by company insiders.

Progressive Price Performance

PGR stock opened at $209.48 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day simple moving average of $214.36 and a 200-day simple moving average of $206.46. The firm has a market capitalization of $121.79 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 2.82 and a beta of 0.27. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $254.93.

Progressive (NYSE:PGR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, topping the consensus estimate of $4.64 by $1.03. The business had revenue of $23.61 billion for the quarter, compared to analyst estimates of $19.49 billion. Progressive had a return on equity of 32.92% and a net margin of 12.84%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.40 EPS. Equities research analysts anticipate that The Progressive Corporation will post 17.57 earnings per share for the current fiscal year.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, October 1st. Progressive’s payout ratio is presently 2.01%.

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.