Czech National Bank Has $35.21 Million Stake in The Progressive Corporation $PGR

Czech National Bank lifted its holdings in shares of The Progressive Corporation (NYSE:PGR) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,624 shares of the insurance provider’s stock after purchasing an additional 5,739 shares during the quarter. Czech National Bank’s holdings in Progressive were worth $35,211,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Maia Wealth LLC increased its stake in Progressive by 5.4% during the 2nd quarter. Maia Wealth LLC now owns 857 shares of the insurance provider’s stock worth $229,000 after purchasing an additional 44 shares in the last quarter. Selective Wealth Management Inc. lifted its stake in Progressive by 2.1% in the third quarter. Selective Wealth Management Inc. now owns 2,207 shares of the insurance provider’s stock valued at $538,000 after buying an additional 45 shares in the last quarter. Liberty One Investment Management LLC lifted its stake in Progressive by 3.8% in the third quarter. Liberty One Investment Management LLC now owns 1,291 shares of the insurance provider’s stock valued at $319,000 after buying an additional 47 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Progressive by 20.8% in the third quarter. True Wealth Design LLC now owns 279 shares of the insurance provider’s stock valued at $69,000 after buying an additional 48 shares during the period. Finally, Wealthstream Advisors Inc. boosted its holdings in shares of Progressive by 4.6% in the third quarter. Wealthstream Advisors Inc. now owns 1,111 shares of the insurance provider’s stock valued at $274,000 after buying an additional 49 shares during the period. Institutional investors own 85.34% of the company’s stock.

Insider Buying and Selling at Progressive

In related news, insider Maribel Pumarejo sold 739 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $203.25, for a total value of $150,201.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CIO Jonathan S. Bauer sold 3,105 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $204.35, for a total value of $634,506.75. Following the sale, the executive directly owned 26,249 shares of the company’s stock, valued at $5,363,983.15. This represents a 10.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,687 shares of company stock worth $2,413,044 in the last three months. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on PGR shares. Piper Sandler restated an “overweight” rating and set a $259.00 price objective on shares of Progressive in a report on Monday, March 2nd. Bank of America lowered their target price on Progressive from $305.00 to $295.00 and set a “buy” rating for the company in a report on Wednesday. Evercore reissued a “negative” rating on shares of Progressive in a research note on Wednesday, March 18th. UBS Group boosted their price target on Progressive from $218.00 to $220.00 and gave the company a “neutral” rating in a report on Monday. Finally, Mizuho reduced their price objective on Progressive from $235.00 to $223.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $239.22.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive priced $1.5 billion of senior notes ( $500M 4.60% due 2031; $1B 5.15% due 2036), showing continued access to capital markets and funding without equity dilution — supportive for liquidity and operations. GlobeNewsWire Release
• Positive Sentiment: UBS reiterated a bullish outlook forecasting strong price appreciation for PGR, which may attract buyers betting on upside once near-term uncertainty fades. AmericanBankingNews: UBS Forecast
• Neutral Sentiment: Bank of America reduced its price target (reported cuts tied to lower market multiples) but kept a positive stance; the lower target trims upside expectations even as the name remains on some buy lists. Investing: BofA Cuts
• Neutral Sentiment: Market commentary notes the bond offering “reframes” Progressive’s capital structure — reasonable borrowing costs but potentially reduces near‑term share‑repurchase optionality; investors must weigh yield vs. leverage tradeoffs. Yahoo Capital‑Structure Analysis
• Neutral Sentiment: Analysts expect Progressive’s upcoming Q1 report to show single‑digit profit growth — modest results could limit immediate upside and increase sensitivity to guidance. Barchart: Earnings Preview
• Negative Sentiment: Jefferies trimmed its price target slightly (from $216 to $215) and set a “hold” rating — another incremental analyst downgrade that can cap sentiment. Benzinga: Jefferies PT Change
• Negative Sentiment: Insider selling: CAO Carl Joyce sold 270 shares (a small, disclosed sale). The amount is immaterial to cap structure but contributes to a broader pattern of insider sales reported over recent months. InsiderTrades Alert / SEC Filing

Progressive Trading Down 1.7%

Shares of NYSE:PGR opened at $202.62 on Thursday. The Progressive Corporation has a 52-week low of $197.92 and a 52-week high of $289.96. 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 company has a market capitalization of $118.52 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 6.51 and a beta of 0.33. The company has a 50-day simple moving average of $205.81 and a 200 day simple moving average of $220.10.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be 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 is Thursday, April 2nd. Progressive’s payout ratio is currently 2.08%.

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.