NorthRock Partners LLC Grows Stock Position in The Progressive Corporation $PGR

Posted by George Bondi on Sep 9th, 2026

NorthRock Partners LLC grew its holdings in The Progressive Corporation (NYSE:PGR – Free Report) by 10.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 133,547 shares of the insurance provider’s stock after buying an additional 12,545 shares during the period. NorthRock Partners LLC’s holdings in Progressive were worth $29,173,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PGR. Unique Wealth LLC boosted its stake in Progressive by 4.3% in the 2nd quarter. Unique Wealth LLC now owns 1,240 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 51 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Progressive by 0.3% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock worth $4,267,000 after buying an additional 52 shares during the last quarter. Phillips Wealth Planners LLC raised its holdings in shares of Progressive by 2.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 1,916 shares of the insurance provider’s stock worth $436,000 after buying an additional 52 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Progressive by 1.2% during the fourth quarter. Sumitomo Life Insurance Co. now owns 4,307 shares of the insurance provider’s stock worth $981,000 after buying an additional 52 shares during the period. Finally, Brown Miller Wealth Management LLC lifted its stake in shares of Progressive by 2.4% during the second quarter. Brown Miller Wealth Management LLC now owns 2,365 shares of the insurance provider’s stock worth $517,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Trading Down 2.0%

Shares of Progressive stock opened at $214.67 on Wednesday. The firm has a 50-day simple moving average of $217.48 and a two-hundred day simple moving average of $207.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.29 and a current ratio of 0.29. The Progressive Corporation has a fifty-two week low of $189.20 and a fifty-two week high of $249.71. The company has a market cap of $124.80 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.27.

Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share for the quarter, beating the consensus estimate of $4.64 by $1.03. The firm had revenue of $23.61 billion during the quarter, compared to analyst estimates of $19.49 billion. Progressive had a return on equity of 32.92% and a net margin of 12.84%.Progressive’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.40 EPS. As a group, equities analysts predict that The Progressive Corporation will post 17.74 earnings per share for the current fiscal 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 paid 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 presently 2.01%.

Insider Buying and Selling at Progressive

In other Progressive news, insider Lori A. Niederst sold 7,339 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were 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 approximately $8,908,847.43. This represents a 14.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of the 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 113,714 shares of company stock worth $24,466,294. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PGR shares. The Goldman Sachs Group restated a “buy” rating and issued a $230.00 target price on shares of Progressive in a research note on Wednesday, August 19th. Evercore set a $240.00 target price on Progressive in a report on Friday, July 10th. JPMorgan Chase & Co. dropped their target price on Progressive from $250.00 to $241.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Jefferies Financial Group reissued a “hold” rating and set a $228.00 price target on shares of Progressive in a research report on Wednesday, August 19th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Progressive in a report on Wednesday, August 19th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $236.26.

Get Our Latest Analysis on PGR

About Progressive

(Free Report)

Progressive Corporation, founded in 1937 and headquartered in Mayfield Village, Ohio, is an insurance company that primarily serves customers in the United States. The company is best known for its personal and commercial auto insurance businesses and distributes products through independent agents, direct channels and digital platforms.

Progressive offers a broad range of insurance products, including coverage for automobiles, motorcycles, boats, recreational vehicles, homes and renters.