Trail Ridge Investment Advisors LLC Makes New Investment in The Progressive Corporation $PGR

Posted by Brian Himes on Aug 25th, 2026

Trail Ridge Investment Advisors LLC purchased a new stake in shares of The Progressive Corporation (NYSE:PGR – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,043 shares of the insurance provider’s stock, valued at approximately $665,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Progressive in the second quarter worth approximately $26,000. Bard Associates Inc. bought a new position in shares of Progressive during the 4th quarter valued at $27,000. IMG Wealth Management Inc. acquired a new stake in shares of Progressive in the 2nd quarter valued at $26,000. Bogart Wealth LLC boosted its holdings in Progressive by 235.1% in the first quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 87 shares in the last quarter. Finally, Kilter Group LLC acquired a new position in Progressive during the second quarter worth $27,000. Institutional investors own 85.34% of the company’s stock.

Analyst Upgrades and Downgrades

PGR has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Progressive in a research report on Wednesday, August 19th. UBS Group boosted their target price on Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. Cantor Fitzgerald lowered their price target on Progressive from $220.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, August 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Progressive in a report on Monday, August 3rd. Finally, Royal Bank Of Canada set a $208.00 target price on shares of Progressive in a research report on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Progressive presently has a consensus rating of “Hold” and a consensus price target of $236.05.

Check Out Our Latest Analysis on Progressive

Insider Buying and Selling

In other Progressive news, CIO Jonathan S. Bauer sold 2,242 shares of Progressive stock in a transaction on Monday, July 27th. The shares were sold at an average price of $212.71, for a total transaction of $476,895.82. Following the sale, the executive owned 26,250 shares in the company, valued at $5,583,637.50. The trade was a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew J. Quigg sold 3,499 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $220.00, for a total transaction of $769,780.00. Following the completion of the sale, the chief financial officer directly owned 42,595 shares in the company, valued at $9,370,900. This trade represents a 7.59% 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. In the last three months, insiders have sold 83,449 shares of company stock worth $17,685,203. 0.32% of the stock is currently owned by corporate insiders.

Progressive Price Performance

NYSE:PGR opened at $223.87 on Tuesday. 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 Progressive Corporation has a one year low of $189.20 and a one year high of $249.83. The company has a fifty day moving average price of $215.94 and a 200 day moving average price of $206.82. The stock has a market cap of $130.15 billion, a P/E ratio of 11.23, a PEG ratio of 2.93 and a beta of 0.27.

Progressive (NYSE:PGR – Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.64 by $1.03. Progressive had a net margin of 12.84% and a return on equity of 32.92%. The company had revenue of $23.61 billion for the quarter, compared to the consensus estimate of $19.49 billion. During the same quarter in the previous year, the firm posted $5.40 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that The Progressive Corporation will post 17.71 earnings per share for the current year.

Progressive Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio is 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.