Mediolanum International Funds Ltd Increases Stock Position in The Progressive Corporation $PGR

Mediolanum International Funds Ltd boosted its stake in The Progressive Corporation (NYSE:PGR) by 10.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 161,477 shares of the insurance provider’s stock after purchasing an additional 15,932 shares during the period. Mediolanum International Funds Ltd’s holdings in Progressive were worth $39,465,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Davis Capital Management acquired a new stake in shares of Progressive during the third quarter worth about $25,000. Atlantic Union Bankshares Corp purchased a new stake in Progressive during the 2nd quarter worth approximately $33,000. Westside Investment Management Inc. lifted its holdings in Progressive by 900.0% during the 2nd quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock worth $34,000 after buying an additional 117 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in Progressive in the 2nd quarter valued at approximately $34,000. Finally, Richardson Financial Services Inc. boosted its position in Progressive by 1,885.7% in the 2nd quarter. Richardson Financial Services Inc. now owns 139 shares of the insurance provider’s stock valued at $37,000 after buying an additional 132 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Steven Broz sold 1,344 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $224.80, for a total transaction of $302,131.20. Following the completion of the transaction, the insider directly owned 26,354 shares of the company’s stock, valued at approximately $5,924,379.20. This represents a 4.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $336,973.15. Following the completion of the transaction, the insider owned 39,626 shares of the company’s stock, valued at $8,097,573.10. The trade was a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,788 shares of company stock valued at $3,018,961 in the last ninety days. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PGR. Bank of America reduced their price objective on Progressive from $350.00 to $348.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company decreased their price objective on Progressive from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday. The Goldman Sachs Group set a $227.00 target price on shares of Progressive in a research note on Wednesday, January 7th. Finally, Raymond James Financial reduced their target price on shares of Progressive from $305.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Progressive has a consensus rating of “Hold” and a consensus target price of $255.68.

Trending Headlines about 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 Price Performance

PGR stock opened at $207.74 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $121.82 billion, a P/E ratio of 10.80, a PEG ratio of 1.28 and a beta of 0.34. The business has a 50 day simple moving average of $219.58 and a 200-day simple moving average of $230.82. The Progressive Corporation has a twelve month low of $198.50 and a twelve month high of $292.99.

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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, January 2nd. Progressive’s dividend payout ratio is 2.08%.

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.