Varma Mutual Pension Insurance Co Invests $25.11 Million in The Progressive Corporation $PGR

Posted by Brian Himes on Aug 23rd, 2026

Varma Mutual Pension Insurance Co bought a new position in The Progressive Corporation (NYSE:PGR – Free Report) during the second quarter, Holdings Channel reports. The firm bought 114,944 shares of the insurance provider’s stock, valued at approximately $25,110,000.

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in Progressive by 15.6% during the 4th quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock worth $813,000 after purchasing an additional 457 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Progressive in the fourth quarter valued at approximately $269,000. Bison Wealth LLC lifted its holdings in shares of Progressive by 3.2% in the fourth quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock valued at $615,000 after purchasing an additional 80 shares in the last quarter. HUB Investment Partners LLC lifted its holdings in shares of Progressive by 7.8% in the second quarter. HUB Investment Partners LLC now owns 2,282 shares of the insurance provider’s stock valued at $609,000 after purchasing an additional 166 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in shares of Progressive by 12.0% during the second quarter. Diversify Wealth Management LLC now owns 15,146 shares of the insurance provider’s stock valued at $3,681,000 after buying an additional 1,622 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

Insider Activity at Progressive

In other news, CEO Susan Patricia Griffith sold 37,338 shares of Progressive stock in a transaction 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 sale, the chief executive officer directly owned 522,776 shares in the company, valued at $111,199,682.96. The trade was a 6.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 business’s 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 completion of the transaction, the insider directly owned 42,567 shares in the company, valued at $8,908,847.43. This trade represents a 14.71% decrease in their ownership of the stock. 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 ninety days, insiders sold 82,224 shares of company stock worth $17,416,438. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on PGR. Cantor Fitzgerald decreased their price target on Progressive from $220.00 to $200.00 and set a “neutral” rating for the company in a report on Monday, August 17th. Royal Bank Of Canada set a $208.00 price objective on Progressive in a research note on Friday, May 22nd. William Blair reaffirmed a “market perform” rating on shares of Progressive in a report on Wednesday, July 15th. Bank of America reduced their target price on shares of Progressive from $313.00 to $308.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Finally, Mizuho set a $236.00 target price on shares of Progressive in a report on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $236.05.

Check Out Our Latest Stock Report on PGR

Progressive Stock Performance

PGR stock opened at $219.45 on Friday. 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 firm has a market cap of $127.58 billion, a PE ratio of 11.01, a P/E/G ratio of 2.94 and a beta of 0.27. The business has a 50 day moving average of $215.53 and a 200-day moving average of $206.64. The Progressive Corporation has a 12-month low of $189.20 and a 12-month high of $252.82.

Progressive (NYSE:PGR – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, topping 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 business had revenue of $23.61 billion for the quarter, compared to analyst estimates of $19.49 billion. During the same period last year, the company posted $5.40 earnings per share. Progressive’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Progressive Corporation will post 17.71 earnings per share for the current year.

Progressive Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is currently 2.01%.

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.