The Progressive Corporation $PGR Stake Cut by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC reduced its stake in shares of The Progressive Corporation (NYSE:PGR) by 46.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,032 shares of the insurance provider’s stock after selling 13,170 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Progressive were worth $3,712,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Progressive during the 2nd quarter valued at about $33,000. Westside Investment Management Inc. grew its stake in Progressive by 900.0% in the 2nd quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock valued at $34,000 after buying an additional 117 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Progressive in the second quarter valued at about $34,000. Ransom Advisory Ltd acquired a new stake in Progressive in the 1st quarter valued at approximately $35,000. Finally, Activest Wealth Management grew its stake in shares of Progressive by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Trading Down 0.2%

NYSE:PGR opened at $224.30 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.19. The Progressive Corporation has a 1-year low of $199.90 and a 1-year high of $292.99. The firm has a market capitalization of $131.53 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.26 and a beta of 0.36. The business’s 50-day moving average price is $222.77 and its two-hundred day moving average price is $240.83.

Progressive (NYSE:PGR) last announced its quarterly earnings results on Wednesday, October 15th. The insurance provider reported $4.45 EPS for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). The company had revenue of $21.38 billion during the quarter, compared to the consensus estimate of $21.64 billion. Progressive had a net margin of 12.57% and a return on equity of 33.88%. During the same period last year, the company earned $3.58 earnings per share. On average, equities analysts expect that The Progressive Corporation will post 14.68 earnings per share for the current year.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, January 2nd. Progressive’s dividend payout ratio is presently 2.19%.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on PGR to $250 and kept a “market perform” rating — a modest vote of confidence that implies upside from current levels. KBW price target raise
• Neutral Sentiment: BMO Capital Markets trimmed its target slightly (from $256 to $253) but maintained a “market perform” view; the change is small and keeps implied upside intact. BMO target change
• Neutral Sentiment: Brokerage consensus remains around “Hold” for PGR, per a recent aggregation — this keeps expectations cautious rather than bullish. Brokerage consensus
• Neutral Sentiment: Investor attention to PGR is high (search and site-traffic notes), which can amplify moves but doesn’t by itself change fundamentals. Investor interest
• Neutral Sentiment: Some headlines discuss dividend implications and a sector downgrade that could alter the investment case — watch for follow-up on capital return policy and whether downgrades spread across insurers. Dividend/sector piece
• Neutral Sentiment: Be aware of name confusion in newsfeeds: unrelated companies (e.g., a drug approval for “JASCAYD” and results from “Progressive Planet”) reference “Progressive” but do not affect PGR’s insurance business. JASCAYD approval (unrelated) Progressive Planet (unrelated)
• Negative Sentiment: Analyst skepticism: Morgan Stanley (and commentary aggregated on TipRanks) reiterated concerns — citing decelerating growth, rising competition and smaller buybacks — and kept a Sell stance, which likely weighs on sentiment and downside risk. Morgan Stanley sell thesis
• Negative Sentiment: Recent coverage notes PGR shares slipped despite a stronger market — short-term technical/flow factors and the negative analyst narrative are contributing to the decline. Price drop article

Insider Buying and Selling at Progressive

In related news, CFO John P. Sauerland sold 5,000 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $228.48, for a total transaction of $1,142,400.00. Following the sale, the chief financial officer owned 223,024 shares of the company’s stock, valued at approximately $50,956,523.52. This trade represents a 2.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven Broz sold 1,345 shares of Progressive stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $228.29, for a total value of $307,050.05. Following the transaction, the insider owned 27,698 shares in the company, valued at approximately $6,323,176.42. This represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 7,690 shares of company stock worth $1,745,350. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PGR shares. Wall Street Zen lowered Progressive from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. UBS Group dropped their target price on shares of Progressive from $268.00 to $261.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. BMO Capital Markets cut their price objective on Progressive from $256.00 to $253.00 and set a “market perform” rating for the company in a research report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Progressive in a report on Monday, December 15th. Finally, Barclays decreased their price objective on Progressive from $271.00 to $257.00 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $264.68.

About Progressive

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.