AMF Tjanstepension AB Sells 35,781 Shares of The Progressive Corporation $PGR

AMF Tjanstepension AB lessened its position in shares of The Progressive Corporation (NYSE:PGR) by 17.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 166,247 shares of the insurance provider’s stock after selling 35,781 shares during the quarter. AMF Tjanstepension AB’s holdings in Progressive were worth $41,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC increased its position in shares of Progressive by 13.4% during the second quarter. LRI Investments LLC now owns 338 shares of the insurance provider’s stock valued at $90,000 after acquiring an additional 40 shares during the last quarter. CVA Family Office LLC increased its position in shares of Progressive by 4.2% during the 2nd quarter. CVA Family Office LLC now owns 1,053 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 42 shares during the last quarter. Bell Investment Advisors Inc raised its stake in shares of Progressive by 20.8% during the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 44 shares during the period. Maia Wealth LLC boosted its holdings in shares of Progressive by 5.4% in the 2nd quarter. Maia Wealth LLC now owns 857 shares of the insurance provider’s stock worth $229,000 after buying an additional 44 shares during the last quarter. Finally, Trail Ridge Investment Advisors LLC grew its position in Progressive by 1.6% during the second quarter. Trail Ridge Investment Advisors LLC now owns 2,906 shares of the insurance provider’s stock valued at $775,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive showed relative strength versus the broader market in the latest session, which can support short‑term buying interest ahead of earnings. Progressive (PGR) Beats Stock Market Upswing: What Investors Need to Know
• Neutral Sentiment: Q4 earnings preview: analysts expect earnings growth, but the Zacks preview flags items beyond headline EPS — underwriting trends, combined ratio and pricing momentum will determine whether Progressive delivers a beat or conservative guidance. This makes the print a binary near‑term catalyst. Progressive (PGR) Q4 Earnings Preview
• Neutral Sentiment: Valuation/strategy check: a Yahoo Finance piece questions whether Progressive’s long‑term growth is being priced appropriately after the recent pullback — useful context for value investors given PGR’s relatively low P/E (~11) but shorter‑term technical weakness (50‑day < 200‑day MA). Is Progressive (PGR) Pricing Its Long Term Growth Potential Correctly After Recent Pullback
• Negative Sentiment: Competitive threat — Lemonade’s new partnership with Tesla to offer steep discounts on FSD miles creates a potential pricing innovation that could win lower‑loss, tech‑savvy customers and put pressure on legacy insurers’ pricing and margins if scaled. This raises longer‑term competitive risk for Progressive’s auto franchise. Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced
• Negative Sentiment: Insider selling: recent open‑market sales by CIO Jonathan Bauer and Andrew Quigg were disclosed (multiple transactions at ~\$204/share). While not huge relative to company size, clustered insider sales ahead of earnings can be perceived negatively by some investors. Progressive Insider Sells
• Negative Sentiment: Analyst/expectations risk: several firms have trimmed price targets or kept neutral/underweight calls; Zacks flags that while growth is expected, there may be limited obvious upside from an earnings‑beat narrative, so a miss or cautious guidance could drive further downside. Progressive (PGR) Reports Next Week

Insiders Place Their Bets

In other news, CFO John P. Sauerland sold 5,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 223,024 shares of the company’s stock, valued at approximately $50,956,523.52. The trade was a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew J. Quigg sold 1,649 shares of Progressive stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $336,973.15. Following the sale, the insider directly owned 39,626 shares of the company’s stock, valued at $8,097,573.10. This represents a 4.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,788 shares of company stock worth $3,018,961. Insiders own 0.34% of the company’s stock.

Progressive Trading Down 0.4%

Progressive stock opened at $206.04 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29. The Progressive Corporation has a fifty-two week low of $198.50 and a fifty-two week high of $292.99. The stock has a market cap of $120.82 billion, a P/E ratio of 11.30, a PEG ratio of 1.26 and a beta of 0.34. The firm’s fifty day moving average price is $221.22 and its 200-day moving average price is $232.15.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is presently 2.19%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PGR shares. JPMorgan Chase & Co. dropped their price target on Progressive from $303.00 to $275.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Mizuho set a $240.00 price objective on shares of Progressive in a report on Wednesday, January 14th. Wells Fargo & Company cut their target price on shares of Progressive from $242.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Barclays raised shares of Progressive from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $257.00 to $265.00 in a research report on Thursday, January 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Progressive in a report on Wednesday, December 17th. Seven investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Progressive currently has a consensus rating of “Hold” and an average target price of $259.39.

Progressive Profile

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.