Glenmede Investment Management LP Grows Stock Position in The Progressive Corporation $PGR

Glenmede Investment Management LP increased its stake in The Progressive Corporation (NYSE:PGR) by 21.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,030 shares of the insurance provider’s stock after acquiring an additional 32,529 shares during the period. Glenmede Investment Management LP’s holdings in Progressive were worth $45,199,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Jump Financial LLC grew its position in Progressive by 161.3% during the 3rd quarter. Jump Financial LLC now owns 67,668 shares of the insurance provider’s stock worth $16,711,000 after acquiring an additional 41,775 shares during the last quarter. Pathstone Holdings LLC lifted its position in Progressive by 83.0% in the third quarter. Pathstone Holdings LLC now owns 515,180 shares of the insurance provider’s stock valued at $127,224,000 after purchasing an additional 233,719 shares during the last quarter. Hutner Capital Management Inc. lifted its position in Progressive by 3.5% in the third quarter. Hutner Capital Management Inc. now owns 5,540 shares of the insurance provider’s stock valued at $1,368,000 after purchasing an additional 186 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Progressive during the third quarter valued at approximately $4,028,000. Finally, Annandale Capital LLC grew its holdings in shares of Progressive by 8.3% in the third quarter. Annandale Capital LLC now owns 31,484 shares of the insurance provider’s stock worth $7,775,000 after purchasing an additional 2,405 shares during the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Progressive Stock Performance

Shares of PGR stock opened at $205.22 on Friday. The firm has a market capitalization of $120.24 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 8.94 and a beta of 0.33. The stock has a fifty day moving average of $206.96 and a 200 day moving average of $222.64. The Progressive Corporation has a 52 week low of $197.92 and a 52 week high of $292.99. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23.

Progressive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be given 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%.

Insider Activity

In related news, insider Maribel Pumarejo sold 739 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total value of $150,201.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Carl G. Joyce sold 141 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $212.00, for a total transaction of $29,892.00. Following the completion of the sale, the chief accounting officer owned 828 shares of the company’s stock, valued at $175,536. This trade represents a 14.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,761 shares of company stock worth $2,659,420. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PGR has been the topic of several analyst reports. UBS Group decreased their target price on shares of Progressive from $226.00 to $218.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Mizuho set a $240.00 price target on shares of Progressive in a report on Wednesday, January 14th. Wells Fargo & Company decreased their price objective on shares of Progressive from $220.00 to $214.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 19th. Keefe, Bruyette & Woods upped their price objective on shares of Progressive from $225.00 to $232.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. Finally, Piper Sandler reiterated an “overweight” rating and set a $259.00 target price on shares of Progressive in a report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $241.94.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and other outlets continue to highlight Progressive as an attractive insurance investment, reaffirming confidence in the company’s strong 2025 results and long-term growth prospects. Goldman Sachs Names The Progressive Corporation (PGR) among Appealing Insurance Investments
• Positive Sentiment: MarketBeat’s roundup places Progressive alongside Chubb and Arch as defensive, cash-generative insurers benefiting from steady premiums and rising investment income—supporting investor interest in PGR as a sector play. Looking to Insure Your Portfolio? Start With These 3 Stocks
• Neutral Sentiment: Comparative analysis pieces reviewing Progressive vs. peers provide context for investors but contain no new company-specific catalysts; useful for positioning and valuation checks. Head-To-Head Analysis: First American Financial (NYSE:FAF) & Progressive (NYSE:PGR)
• Neutral Sentiment: Press about Progressive Planet Solutions (a different ticker, PLAN) reporting record Q3 revenue is unrelated to PGR’s fundamentals but can cause occasional ticker-confusion among retail investors. Progressive Planet Posts Record Q3 Revenue but Takes One-Time Charges to Fund Growth
• Negative Sentiment: Progressive announced that CFO John Sauerland will retire after a 35-year tenure. Leadership transitions at the finance level can raise short-term uncertainty around execution and capital allocation. Progressive (PGR) CFO John Sauerland to Retire After 35-Year Tenure
• Negative Sentiment: BMO Capital Markets cut its PGR price target to $208, signaling reduced near-term upside and contributing to analyst-driven selling pressure. Progressive (NYSE:PGR) Price Target Cut to $208.00 by Analysts at BMO Capital Markets
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock, adding to downside sentiment from institutional analysts. Bank of America Issues Pessimistic Forecast for Progressive (NYSE:PGR) Stock Price
• Negative Sentiment: Some commentary (The Motley Fool) suggests Progressive’s exceptional 2025 results “may have been too good to last,” raising concerns about reversion to mean in underwriting or investment results. 3 Dirt-Cheap Stocks to Buy With $1,000 Right Now

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.