The Progressive Corporation $PGR Stock Position Reduced by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its position in The Progressive Corporation (NYSE:PGR) by 79.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,849 shares of the insurance provider’s stock after selling 49,908 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Progressive were worth $3,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PGR. Davis Capital Management acquired a new stake in shares of Progressive during the third quarter worth $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Progressive during the 2nd quarter valued at about $33,000. Westside Investment Management Inc. raised its stake in Progressive by 900.0% during the second quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 117 shares during the period. Howard Hughes Medical Institute bought a new position in Progressive in the second quarter worth about $34,000. Finally, Richardson Financial Services Inc. boosted its stake in Progressive by 1,885.7% in the second quarter. Richardson Financial Services Inc. now owns 139 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 132 shares during the period. 85.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Progressive

In other news, CIO Jonathan S. Bauer sold 3,105 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 $634,506.75. Following the transaction, the executive directly owned 26,249 shares in the company, valued at approximately $5,363,983.15. This trade represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John P. Sauerland sold 5,000 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $228.48, for a total value of $1,142,400.00. Following the completion of the sale, the chief financial officer owned 223,024 shares of the company’s stock, valued at approximately $50,956,523.52. This trade represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,788 shares of company stock worth $3,018,961 over the last ninety days. Insiders own 0.34% of the company’s stock.

Progressive Stock Performance

PGR stock opened at $207.74 on Friday. The company has a 50-day simple moving average of $219.58 and a 200 day simple moving average of $230.82. 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 company has a quick ratio of 0.29, a current ratio of 0.38 and a debt-to-equity ratio of 0.23. The Progressive Corporation has a fifty-two week low of $198.50 and a fifty-two week high of $292.99.

Progressive Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is 2.08%.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on PGR shares. William Blair cut Progressive from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. Raymond James Financial dropped their target price on Progressive from $305.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Bank of America reduced their price target on shares of Progressive from $350.00 to $348.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Barclays raised shares of Progressive from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $257.00 to $265.00 in a report on Thursday, January 8th. Finally, BMO Capital Markets reduced their target price on shares of Progressive from $239.00 to $232.00 and set a “market perform” rating for the company in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $255.68.

About Progressive

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.