Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 1,477,250 The Progressive Corporation $PGR

Posted by Geri Gentry on Aug 18th, 2026

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of The Progressive Corporation (NYSE:PGR – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,477,250 shares of the insurance provider’s stock, valued at approximately $322,706,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of Progressive as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Allstate Corp increased its holdings in shares of Progressive by 106.1% during the fourth 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 during the period. Norges Bank acquired a new stake in Progressive in the fourth quarter worth about $1,836,094,000. Investment House LLC bought a new position in Progressive in the 4th quarter valued at about $8,447,000. Van Cleef Asset Management Inc grew its position in Progressive by 1.2% in the 4th quarter. Van Cleef Asset Management Inc now owns 761,587 shares of the insurance provider’s stock valued at $173,429,000 after buying an additional 9,017 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new position in Progressive during the 4th quarter valued at about $353,906,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Stock Performance

Shares of NYSE PGR opened at $203.98 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $118.59 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 2.82 and a beta of 0.27. The stock’s fifty day simple moving average is $214.43 and its 200 day simple moving average is $206.43. The Progressive Corporation has a 52-week low of $189.20 and a 52-week high of $254.93.

Progressive (NYSE:PGR – Get Free Report) last announced its earnings results on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, beating the consensus estimate of $4.64 by $1.03. The business had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $19.49 billion. Progressive had a return on equity of 32.92% and a net margin of 12.84%.Progressive’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $5.40 earnings per share. As a group, sell-side analysts forecast that The Progressive Corporation will post 17.57 earnings per share for the current fiscal year.

Progressive Announces Dividend

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

Insider Buying and Selling

In related news, Director Jeffrey D. Kelly sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total value of $1,514,310.00. Following the completion of the sale, the director owned 22,546 shares in the company, valued at approximately $4,877,376.18. This represents a 23.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Susan Patricia Griffith sold 37,338 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $212.71, for a total transaction of $7,942,165.98. Following the completion of the transaction, the chief executive officer directly owned 522,776 shares of the company’s stock, valued at $111,199,682.96. This represents a 6.67% decrease in their position. 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. Over the last 90 days, insiders sold 82,224 shares of company stock valued at $17,416,438. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PGR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Progressive from $250.00 to $241.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Royal Bank Of Canada set a $208.00 price objective on shares of Progressive in a research note on Friday, May 22nd. Mizuho set a $236.00 target price on Progressive in a report on Wednesday, August 5th. William Blair reaffirmed a “market perform” rating on shares of Progressive in a research note on Wednesday, July 15th. Finally, UBS Group lifted their price target on Progressive from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $233.16.

Check Out Our Latest Stock Analysis on PGR

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.