The Progressive Corporation $PGR Shares Purchased by National Pension Service

National Pension Service boosted its stake in shares of The Progressive Corporation (NYSE:PGR) by 2.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,449,357 shares of the insurance provider’s stock after buying an additional 40,586 shares during the period. National Pension Service owned 0.25% of Progressive worth $357,919,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Davis Capital Management purchased a new stake in shares of Progressive in the third quarter valued at about $25,000. Atlantic Union Bankshares Corp acquired a new position in Progressive in the 2nd quarter valued at about $33,000. Westside Investment Management Inc. boosted its holdings 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 purchasing an additional 117 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Progressive during the 2nd quarter worth approximately $34,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of Progressive by 1,885.7% during the 2nd quarter. Richardson Financial Services Inc. now owns 139 shares of the insurance provider’s stock worth $37,000 after buying an additional 132 shares during the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Progressive

In related news, CIO Jonathan S. Bauer sold 3,105 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $634,506.75. Following the completion of the transaction, the executive directly owned 26,249 shares of the company’s stock, valued at $5,363,983.15. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew J. Quigg sold 1,649 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $336,973.15. Following the sale, the insider owned 39,626 shares in the company, valued at approximately $8,097,573.10. This trade represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 13,788 shares of company stock worth $3,018,961. 0.34% of the stock is currently owned by insiders.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 earnings beat and commentary lifted confidence in near-term earnings momentum — analysts and coverage pieces say the results and management commentary support continued policy growth and profitability, which underpins the bullish investment thesis. How Earnings Beat And CFO Succession At Progressive (PGR) Has Changed Its Investment Story
• Positive Sentiment: Bank of America reiterated a Buy and raised its target to $334, signaling that at least some sell‑side analysts see meaningful upside from current levels based on sustained policy momentum and elevated profitability. Progressive: Sustained Policy Momentum…
• Neutral Sentiment: Progressive confirmed CFO John Sauerland will step down in July 2026; management has flagged a planned succession process — this is notable for governance but appears orderly rather than abrupt. Progressive CFO Sauerland to step down in July 2026
• Neutral Sentiment: Several retail/coverage pieces are highlighting Progressive as a relatively inexpensive or buyable insurance stock given its P/E and recent pullback; these narratives can attract value-oriented buyers but are less likely to move the stock quickly. Is Progressive Corporation (PGR) One of the Best Inexpensive Stocks to Buy Now?
• Neutral Sentiment: Product coverage note — a 2026 review of Progressive’s pet insurance appeared; incremental product expansion can support long-term premium growth but is a low-impact near-term driver. Progressive pet insurance review 2026
• Negative Sentiment: Multiple brokerages trimmed price targets and/or downgraded tone after Q4: Wells Fargo cut its target to $220 (equal weight), Keefe, Bruyette & Woods cut to $225 (market perform), and BMO trimmed its target to $232 — collective downgrades increase selling pressure and suggest some analysts reduced forward estimates. Progressive (NYSE:PGR) Price Target Lowered to $220.00 at Wells Fargo & Company
• Negative Sentiment: Follow-up coverage notes analysts broadly cut forecasts after the Q4 report, reinforcing the nearer-term caution and likely contributing to the downside in sentiment among more value/near‑term focused investors. Progressive Analysts Cut Their Forecasts After Q4 Earnings

Progressive Stock Down 0.2%

Shares of NYSE:PGR opened at $207.74 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.38 and a quick ratio of 0.29. The firm has a market capitalization of $121.82 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.28 and a beta of 0.34. The firm’s 50-day moving average is $219.58 and its two-hundred day moving average is $230.90. The Progressive Corporation has a 1 year low of $198.50 and a 1 year high of $292.99.

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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, January 2nd. Progressive’s dividend payout ratio (DPR) is currently 2.08%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PGR shares. William Blair lowered Progressive from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. Keefe, Bruyette & Woods decreased their price target on Progressive from $252.00 to $225.00 and set a “market perform” rating on the stock in a research note on Friday. Raymond James Financial cut their price objective on Progressive from $305.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Mizuho set a $240.00 target price on shares of Progressive in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Progressive in a research note on Wednesday, December 17th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Progressive has a consensus rating of “Hold” and a consensus price target of $255.68.

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.