Banque Cantonale Vaudoise Sells 8,379 Shares of The Progressive Corporation $PGR

Banque Cantonale Vaudoise trimmed its holdings in shares of The Progressive Corporation (NYSE:PGR) by 39.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,729 shares of the insurance provider’s stock after selling 8,379 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Progressive were worth $3,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Davis Capital Management bought a new stake in Progressive during the third quarter worth approximately $25,000. Ameriflex Group Inc. lifted its stake in shares of Progressive by 106.6% in the 3rd quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Progressive in the 2nd quarter worth approximately $33,000. Howard Hughes Medical Institute purchased a new position in shares of Progressive in the 2nd quarter worth approximately $34,000. Finally, TruNorth Capital Management LLC increased its position in shares of Progressive by 450.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 165 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Insider Buying and Selling

In other news, CIO Jonathan S. Bauer sold 2,266 shares of the firm’s 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 transaction, the executive directly owned 26,250 shares of the company’s stock, valued at approximately $5,330,062.50. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Carl G. Joyce sold 141 shares of Progressive stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $212.00, for a total transaction of $29,892.00. Following the sale, the chief accounting officer directly owned 828 shares of the company’s stock, valued at $175,536. This represents a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,761 shares of company stock worth $2,659,420 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Progressive Stock Up 0.0%

Shares of PGR opened at $206.90 on Wednesday. The firm has a market capitalization of $121.23 billion, a P/E ratio of 10.75, a P/E/G ratio of 9.00 and a beta of 0.33. The Progressive Corporation has a 12-month low of $197.92 and a 12-month high of $292.99. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average price of $208.09 and a 200-day moving average price of $223.19.

Progressive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is presently 2.08%.

More Progressive News

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Bank of America lowered their price target on Progressive from $315.00 to $308.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Progressive in a research report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $225.00 target price on shares of Progressive in a research note on Monday, February 23rd. Citigroup lowered their target price on shares of Progressive from $300.60 to $261.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Finally, Roth Mkm set a $235.00 price target on shares of Progressive in a report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Progressive has an average rating of “Hold” and an average target price of $243.28.

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.