VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of PROG Holdings, Inc (NYSE:PRG – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 33,300 shares of the fintech holding company’s stock, valued at approximately $1,552,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.08% of PROG at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in PROG by 4,444.7% in the 2nd quarter. California State Teachers Retirement System now owns 2,254,199 shares of the fintech holding company’s stock worth $105,068,000 after buying an additional 2,204,598 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of PROG in the second quarter valued at about $44,000. HB Wealth Management LLC lifted its position in shares of PROG by 3.0% in the second quarter. HB Wealth Management LLC now owns 22,120 shares of the fintech holding company’s stock valued at $1,031,000 after acquiring an additional 650 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of PROG by 30.0% in the second quarter. Ancora Advisors LLC now owns 478,176 shares of the fintech holding company’s stock worth $22,288,000 after acquiring an additional 110,436 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of PROG by 12.5% in the second quarter. Wellington Management Group LLP now owns 697,324 shares of the fintech holding company’s stock worth $32,502,000 after acquiring an additional 77,291 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.
Insider Buying and Selling
In related news, CAO George M. Sewell sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total transaction of $91,060.00. Following the sale, the chief accounting officer owned 28,385 shares of the company’s stock, valued at $1,292,369.05. This represents a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael King sold 1,070 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total transaction of $49,220.00. Following the transaction, the insider owned 60,825 shares of the company’s stock, valued at $2,797,950. This trade represents a 1.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,000 shares of company stock valued at $183,060 over the last quarter. Corporate insiders own 3.72% of the company’s stock.
PROG Trading Down 0.6%
PROG (NYSE:PRG – Get Free Report) last posted its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The company had revenue of $719.72 million for the quarter, compared to the consensus estimate of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Equities research analysts anticipate that PROG Holdings, Inc will post 4.95 EPS for the current fiscal year.
PROG Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 18th. PROG’s dividend payout ratio is currently 15.47%.
Analyst Ratings Changes
Several analysts recently issued reports on PRG shares. Loop Capital downgraded PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research note on Wednesday, July 1st. Wall Street Zen downgraded PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 6th. Jefferies Financial Group raised shares of PROG from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $60.00 in a report on Wednesday, July 8th. Zacks Research upgraded shares of PROG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, TD Cowen boosted their target price on shares of PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.44.
Get Our Latest Stock Report on PRG
PROG Profile
PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.
The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.
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