Foster & Motley Inc. Invests $805,000 in The Progressive Corporation $PGR

Posted by Geri Gentry on Aug 20th, 2026

Foster & Motley Inc. bought a new position in shares of The Progressive Corporation (NYSE:PGR – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,683 shares of the insurance provider’s stock, valued at approximately $805,000.

Other institutional investors also recently modified their holdings of the company. Allstate Corp increased its position in Progressive by 106.1% during the fourth quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock worth $10,136,000 after buying an additional 22,915 shares during the last quarter. Norges Bank acquired a new stake in shares of Progressive in the fourth quarter worth about $1,836,094,000. Investment House LLC bought a new stake in Progressive during the fourth quarter worth approximately $8,447,000. Van Cleef Asset Management Inc lifted its stake in shares of Progressive by 1.2% in the fourth quarter. Van Cleef Asset Management Inc now owns 761,587 shares of the insurance provider’s stock worth $173,429,000 after buying an additional 9,017 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new position in Progressive during the 4th quarter worth $353,906,000. Institutional investors own 85.34% of the company’s stock.

Insider Activity

In related news, Director Jeffrey D. Kelly sold 7,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the transaction, the director directly owned 22,546 shares in the company, valued at approximately $4,877,376.18. The trade was a 23.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Susan Patricia Griffith sold 37,338 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $111,199,682.96. This represents a 6.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 82,224 shares of company stock worth $17,416,438. 0.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PGR has been the subject of several research reports. BMO Capital Markets reissued a “market perform” rating on shares of Progressive in a research report on Wednesday. Evercore set a $240.00 price objective on Progressive in a report on Friday, July 10th. William Blair reaffirmed a “market perform” rating on shares of Progressive in a report on Wednesday, July 15th. Bank of America cut their price objective on Progressive from $313.00 to $308.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Finally, HSBC upped their target price on shares of Progressive from $214.00 to $221.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Progressive presently has an average rating of “Hold” and an average target price of $234.11.

Read Our Latest Analysis on PGR

Progressive Price Performance

PGR opened at $217.28 on Thursday. The stock has a market cap of $126.32 billion, a P/E ratio of 10.90, a P/E/G ratio of 2.80 and a beta of 0.27. The Progressive Corporation has a 12 month low of $189.20 and a 12 month high of $254.93. 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 company has a fifty day simple moving average of $214.84 and a 200 day simple moving average of $206.46.

Progressive (NYSE:PGR – Get Free Report) last posted its earnings results on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.64 by $1.03. Progressive had a return on equity of 32.92% and a net margin of 12.84%.The firm had revenue of $23.61 billion during the quarter, compared to analysts’ expectations of $19.49 billion. During the same period in the previous year, the firm earned $5.40 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, research analysts expect that The Progressive Corporation will post 17.47 EPS for the current year.

Progressive Dividend Announcement

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

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.