Dynamic Technology Lab Private Ltd Sells 9,763 Shares of The Progressive Corporation $PGR

Dynamic Technology Lab Private Ltd lowered its stake in shares of The Progressive Corporation (NYSE:PGR) by 80.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,427 shares of the insurance provider’s stock after selling 9,763 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Progressive were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in shares of Progressive by 15.6% in the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock worth $813,000 after buying an additional 457 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Progressive during the fourth quarter valued at $269,000. Bison Wealth LLC raised its stake in Progressive by 3.2% during the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock valued at $615,000 after buying an additional 80 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Progressive in the 2nd quarter worth $33,000. Finally, Wedbush Securities Inc. lifted its holdings in Progressive by 17.9% in the second quarter. Wedbush Securities Inc. now owns 3,735 shares of the insurance provider’s stock valued at $997,000 after acquiring an additional 566 shares during the period. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Progressive

In other Progressive news, CAO Carl G. Joyce sold 141 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $212.00, for a total value of $29,892.00. Following the completion of the transaction, the chief accounting officer owned 828 shares in the company, valued at approximately $175,536. This represents a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CIO Jonathan S. Bauer sold 2,266 shares of Progressive stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $203.05, for a total transaction of $460,111.30. Following the sale, the executive owned 26,250 shares of the company’s stock, valued at approximately $5,330,062.50. The trade was a 7.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 12,761 shares of company stock valued at $2,659,420. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

PGR has been the topic of a number of recent analyst reports. Roth Mkm set a $235.00 target price on shares of Progressive in a research note on Thursday, February 19th. Zacks Research upgraded Progressive from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. UBS Group reduced their price target on Progressive from $226.00 to $218.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Bank of America lowered their target price on Progressive from $315.00 to $308.00 and set a “buy” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $225.00 price objective on shares of Progressive in a report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Progressive has an average rating of “Hold” and an average target price of $243.28.

Progressive Price Performance

Shares of NYSE PGR opened at $206.90 on Wednesday. The stock’s 50-day simple moving average is $208.09 and its 200-day simple moving average is $223.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The Progressive Corporation has a fifty-two week low of $197.92 and a fifty-two week high of $292.99. The firm has a market capitalization of $121.23 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 9.00 and a beta of 0.33.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Progressive’s dividend payout ratio (DPR) is currently 2.08%.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Analyst / dividend bullishness — A Seeking Alpha piece highlights PGR as a high-conviction, dividend-friendly insurance pick, citing Progressive’s data-driven underwriting, market-share gains and attractive total yield — a constructive narrative for long-term investors. Seeking Alpha: Heads, I Win – Tails, I Don’t Lose
• Neutral Sentiment: Bank of America lowered its price target from $315 to $308 but kept a “buy” rating — still signaling conviction but trimming upside expectations vs. prior targets. This is supportive but slightly less bullish than before. Benzinga: BofA price target update
• Neutral Sentiment: Quarterly dividend declared — Progressive announced a $0.10 quarterly common-share dividend (payable Apr. 10; record Apr. 2). The yield is small (~0.2%), so it’s a modest income signal rather than a major catalyst. GlobeNewswire: Dividend Announcement
• Neutral Sentiment: Unrelated company news — Progressive Planet Solutions (TSE: PLAN) unveiled low‑carbon cement and R&D expansion. This concerns a different firm (PLAN) and is not material to PGR’s insurance fundamentals. TipRanks: Progressive Planet product release
• Negative Sentiment: Insider selling — Two execs disclosed sales: CFO/CAO Carl Joyce sold 141 shares and senior executive Karen Bailo sold 3,517 shares (both at ~$212), reducing their stakes. Insider dispositions can create short-term selling pressure or signal profit-taking. SEC Form 4 (Carl Joyce) SEC Form 4 (Karen Bailo)
• Negative Sentiment: Recent price weakness — Coverage notes and market commentary flagged a recent intraday dip (PGR down vs. market gains), underscoring near-term volatility as analysts refine views. Zacks: Stock Dips While Market Gains

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.