AEGON ASSET MANAGEMENT UK Plc Raises Stock Position in The Progressive Corporation $PGR

AEGON ASSET MANAGEMENT UK Plc boosted its stake in The Progressive Corporation (NYSE:PGR) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,630 shares of the insurance provider’s stock after purchasing an additional 11,650 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Progressive were worth $53,490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Progressive by 0.9% during the second quarter. Vanguard Group Inc. now owns 54,516,288 shares of the insurance provider’s stock valued at $14,548,217,000 after acquiring an additional 493,332 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Progressive by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 15,513,188 shares of the insurance provider’s stock valued at $4,128,055,000 after purchasing an additional 301,371 shares during the period. Alliancebernstein L.P. increased its position in shares of Progressive by 32.8% during the 2nd quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock valued at $2,928,141,000 after purchasing an additional 2,709,417 shares during the last quarter. Norges Bank bought a new position in shares of Progressive in the 2nd quarter worth approximately $2,156,939,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Progressive by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,129,069 shares of the insurance provider’s stock worth $1,101,883,000 after purchasing an additional 42,909 shares during the period. 85.34% of the stock is owned by institutional investors.

More Progressive News

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

Progressive Price Performance

Shares of Progressive stock opened at $206.04 on Monday. The firm has a market cap of $120.82 billion, a PE ratio of 11.30, a PEG ratio of 1.26 and a beta of 0.34. The stock has a 50 day moving average of $221.22 and a 200 day moving average of $232.02. 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 12 month low of $198.50 and a 12 month high of $292.99.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, January 2nd. Progressive’s dividend payout ratio is currently 2.19%.

Insider Buying and Selling at Progressive

In other Progressive news, insider Andrew J. Quigg sold 1,649 shares of Progressive stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $204.35, for a total value of $336,973.15. Following the completion of the transaction, the insider directly owned 39,626 shares of the company’s stock, valued at $8,097,573.10. This trade represents a 4.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven Broz sold 1,345 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $228.29, for a total transaction of $307,050.05. Following the completion of the sale, the insider owned 27,698 shares in the company, valued at approximately $6,323,176.42. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 13,788 shares of company stock valued at $3,018,961. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

PGR has been the subject of a number of research reports. Mizuho set a $240.00 target price on shares of Progressive in a report on Wednesday, January 14th. UBS Group cut their price objective 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. Zacks Research lowered Progressive from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Keefe, Bruyette & Woods upped their price target on Progressive from $250.00 to $252.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Finally, HSBC set a $259.00 price objective on Progressive and gave the company an “underperform” rating in a research report on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.