Keybank National Association OH Buys 8,293 Shares of The Progressive Corporation $PGR

Keybank National Association OH lifted its stake in The Progressive Corporation (NYSE:PGR) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,969 shares of the insurance provider’s stock after acquiring an additional 8,293 shares during the quarter. Keybank National Association OH’s holdings in Progressive were worth $26,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allstate Corp boosted its stake in Progressive by 1,614.1% in the 3rd quarter. Allstate Corp now owns 21,598 shares of the insurance provider’s stock worth $5,334,000 after purchasing an additional 20,338 shares during the period. New York Life Investment Management LLC raised its position in shares of Progressive by 1.4% during the second quarter. New York Life Investment Management LLC now owns 87,760 shares of the insurance provider’s stock valued at $23,420,000 after buying an additional 1,192 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Progressive by 91.7% in the third quarter. Gateway Investment Advisers LLC now owns 11,710 shares of the insurance provider’s stock worth $2,892,000 after buying an additional 5,600 shares in the last quarter. Mather Group LLC. boosted its position in shares of Progressive by 40.6% during the third quarter. Mather Group LLC. now owns 16,840 shares of the insurance provider’s stock worth $4,159,000 after acquiring an additional 4,865 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in Progressive by 471.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 22,496 shares of the insurance provider’s stock valued at $5,556,000 after acquiring an additional 18,558 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

Insider Activity at Progressive

In other news, insider Andrew J. Quigg sold 1,649 shares of the 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 transaction, the insider owned 39,626 shares of the company’s stock, valued at approximately $8,097,573.10. This represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John P. Sauerland sold 5,000 shares of the 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 transaction, the chief financial officer owned 223,024 shares in the company, valued at approximately $50,956,523.52. The trade was a 2.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,788 shares of company stock valued at $3,018,961 in the last quarter. Corporate insiders own 0.34% of the company’s stock.

Key Progressive News

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

Analysts Set New Price Targets

PGR has been the subject of several research reports. Barclays raised shares of Progressive from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $257.00 to $265.00 in a report on Thursday, January 8th. UBS Group dropped their price target on Progressive from $268.00 to $261.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Mizuho set a $240.00 price target on Progressive in a report on Wednesday, January 14th. Wells Fargo & Company decreased their price objective on Progressive from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Progressive in a report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Progressive presently has an average rating of “Hold” and a consensus target price of $255.68.

Progressive Stock Down 0.2%

Shares of NYSE:PGR opened at $207.74 on Friday. The business has a 50 day simple moving average of $219.58 and a two-hundred day simple moving average of $230.82. The Progressive Corporation has a 1 year low of $198.50 and a 1 year high of $292.99. 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.

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were issued a $0.10 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s dividend payout ratio is presently 2.08%.

Progressive Company 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.