Meeder Advisory Services Inc. Acquires New Position in The Progressive Corporation $PGR

Posted by George Bondi on Aug 19th, 2026

Meeder Advisory Services Inc. acquired a new position in shares of The Progressive Corporation (NYSE:PGR – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 15,935 shares of the insurance provider’s stock, valued at approximately $3,481,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PGR. Klingman & Associates LLC increased its holdings in shares of Progressive by 1.7% during the 4th quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider’s stock worth $667,000 after buying an additional 48 shares during the last quarter. Revisor Wealth Management LLC increased its stake in Progressive by 2.7% during the fourth quarter. Revisor Wealth Management LLC now owns 1,902 shares of the insurance provider’s stock worth $395,000 after acquiring an additional 50 shares during the last quarter. Pines Wealth Management LLC raised 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 purchasing an additional 52 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake 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 valued at $4,267,000 after purchasing an additional 52 shares during the last quarter. Finally, Phillips Wealth Planners LLC increased its position in shares of Progressive by 2.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,916 shares of the insurance provider’s stock worth $436,000 after purchasing an additional 52 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Progressive

In other news, CEO Susan Patricia Griffith sold 37,338 shares of Progressive stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $212.71, for a total value of $7,942,165.98. Following the sale, the chief executive officer owned 522,776 shares of the company’s stock, valued at $111,199,682.96. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lori A. Niederst sold 7,339 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $209.29, for a total transaction of $1,535,979.31. Following the transaction, the insider directly owned 42,567 shares of the company’s stock, valued at $8,908,847.43. This represents a 14.71% 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. Over the last three months, insiders have sold 82,224 shares of company stock valued at $17,416,438. Corporate insiders own 0.32% of the company’s stock.

Progressive Trading Up 1.5%

NYSE PGR opened at $206.98 on Wednesday. The firm’s fifty day moving average price is $214.58 and its 200 day moving average price is $206.39. The Progressive Corporation has a 12 month low of $189.20 and a 12 month high of $254.93. 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 company has a market capitalization of $120.33 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 2.82 and a beta of 0.27.

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 analysts’ consensus estimates of $4.64 by $1.03. The business had revenue of $23.61 billion for the quarter, compared to analysts’ expectations of $19.49 billion. Progressive had a net margin of 12.84% and a return on equity of 32.92%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $5.40 EPS. On average, sell-side analysts expect that The Progressive Corporation will post 17.57 earnings per share for the current fiscal year.

Progressive Announces Dividend

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

Analysts Set New Price Targets

PGR has been the topic of a number of research analyst reports. HSBC boosted their target price on Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Wells Fargo & Company dropped their price target on shares of Progressive from $205.00 to $198.00 and set an “underweight” rating for the company in a research note on Thursday, July 16th. William Blair reaffirmed a “market perform” rating on shares of Progressive in a research report on Wednesday, July 15th. Mizuho set a $236.00 target price on Progressive in a report on Wednesday, August 5th. Finally, Evercore set a $240.00 target price on Progressive in a research note on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $233.16.

Get Our Latest Stock Analysis 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.