Capital Insight Partners LLC Reduces Stake in The Progressive Corporation $PGR

Capital Insight Partners LLC cut its stake in The Progressive Corporation (NYSE:PGR) by 14.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,763 shares of the insurance provider’s stock after selling 2,984 shares during the quarter. Capital Insight Partners LLC’s holdings in Progressive were worth $4,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PGR. Hixon Zuercher LLC grew its holdings in shares of Progressive by 6.7% in the third quarter. Hixon Zuercher LLC now owns 11,641 shares of the insurance provider’s stock valued at $2,875,000 after purchasing an additional 736 shares during the period. Diversified Enterprises LLC raised its stake in Progressive by 10.4% during the third quarter. Diversified Enterprises LLC now owns 2,438 shares of the insurance provider’s stock worth $602,000 after purchasing an additional 230 shares during the period. Orrstown Financial Services Inc. boosted its holdings in Progressive by 12.6% in the 3rd quarter. Orrstown Financial Services Inc. now owns 2,856 shares of the insurance provider’s stock valued at $705,000 after purchasing an additional 319 shares during the last quarter. Selective Wealth Management Inc. boosted its holdings in Progressive by 2.1% in the 3rd quarter. Selective Wealth Management Inc. now owns 2,207 shares of the insurance provider’s stock valued at $538,000 after purchasing an additional 45 shares during the last quarter. Finally, Fairvoy Private Wealth LLC grew its stake in shares of Progressive by 9.7% in the 3rd quarter. Fairvoy Private Wealth LLC now owns 15,532 shares of the insurance provider’s stock valued at $3,836,000 after buying an additional 1,378 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive News Roundup

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

Progressive Trading Down 0.2%

Shares of NYSE PGR opened at $224.30 on Monday. 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 stock has a market capitalization of $131.53 billion, a PE ratio of 12.30, a PEG ratio of 1.26 and a beta of 0.36. The Progressive Corporation has a twelve month low of $199.90 and a twelve month high of $292.99. The stock has a fifty day simple moving average of $222.77 and a 200-day simple moving average of $240.54.

Progressive (NYSE:PGR) last announced its 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 firm had revenue of $21.38 billion for the quarter, compared to analysts’ expectations of $21.64 billion. Progressive had a net margin of 12.57% and a return on equity of 33.88%. During the same quarter last year, the business earned $3.58 earnings per share. On average, equities analysts forecast that The Progressive Corporation will post 14.68 earnings per share for the current year.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, January 2nd will be issued a $0.10 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s payout ratio is 2.19%.

Insider Buying and Selling

In related news, insider Steven Broz sold 1,345 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $228.29, for a total transaction of $307,050.05. Following the sale, the insider directly owned 27,698 shares of the company’s stock, valued at $6,323,176.42. This represents a 4.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John P. Sauerland sold 5,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $50,956,523.52. This trade represents a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,690 shares of company stock valued at $1,745,350 in the last 90 days. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PGR. Morgan Stanley reaffirmed an “underweight” rating on shares of Progressive in a research report on Wednesday. Evercore ISI reduced their target price on Progressive from $275.00 to $273.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 1st. Hsbc Global Res raised Progressive from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. Wells Fargo & Company cut their price objective on Progressive from $247.00 to $242.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group reduced their price objective on shares of Progressive from $276.00 to $245.00 and set a “buy” rating on the stock in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.