Aaron’s Holdings Company, Inc. $PRG Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 447,192 shares of the company’s stock after buying an additional 98,756 shares during the period. Assenagon Asset Management S.A. owned approximately 1.13% of Aaron’s worth $13,188,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Aaron’s by 142.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 62,609 shares of the company’s stock worth $1,926,000 after acquiring an additional 36,788 shares during the last quarter. Vest Financial LLC acquired a new position in shares of Aaron’s in the 3rd quarter valued at about $1,312,000. Allianz Asset Management GmbH lifted its stake in shares of Aaron’s by 18.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the company’s stock valued at $38,428,000 after purchasing an additional 188,835 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Aaron’s by 419.7% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,363 shares of the company’s stock worth $1,306,000 after purchasing an additional 32,597 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Aaron’s by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 485,574 shares of the company’s stock worth $15,713,000 after purchasing an additional 33,961 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Analyst Ratings Changes

PRG has been the topic of several research reports. Zacks Research upgraded shares of Aaron’s from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a research report on Thursday, January 22nd. Wall Street Zen raised Aaron’s from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. B. Riley Financial began coverage on Aaron’s in a research report on Tuesday, December 16th. They set a “buy” rating and a $50.00 price target on the stock. Finally, TD Cowen lifted their target price on Aaron’s from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Aaron’s has a consensus rating of “Buy” and an average price target of $41.80.

Aaron’s Stock Down 2.0%

NYSE PRG opened at $28.45 on Friday. Aaron’s Holdings Company, Inc. has a twelve month low of $23.50 and a twelve month high of $41.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.32 and a current ratio of 4.71. The stock has a market cap of $1.13 billion, a PE ratio of 7.90 and a beta of 1.71. The firm has a 50-day simple moving average of $32.74 and a 200 day simple moving average of $31.48.

Aaron’s (NYSE:PRG) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.14. The firm had revenue of $525.36 million for the quarter, compared to analysts’ expectations of $581.82 million. Aaron’s had a return on equity of 20.99% and a net margin of 5.97%.The business’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. Aaron’s has set its Q1 2026 guidance at 0.700-0.900 EPS and its FY 2026 guidance at 4.000-4.450 EPS. On average, research analysts forecast that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron’s Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Thursday, March 12th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Thursday, March 12th. This is an increase from Aaron’s’s previous quarterly dividend of $0.13. Aaron’s’s dividend payout ratio is presently 15.56%.

About Aaron’s

PROG Holdings, Inc (NYSE: PRG), formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.