Argent Capital Management LLC Has $73.35 Million Stock Holdings in The Progressive Corporation $PGR

Argent Capital Management LLC decreased its stake in shares of The Progressive Corporation (NYSE:PGR) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,112 shares of the insurance provider’s stock after selling 16,630 shares during the period. Progressive accounts for approximately 2.1% of Argent Capital Management LLC’s holdings, making the stock its 18th biggest holding. Argent Capital Management LLC owned about 0.05% of Progressive worth $73,351,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PGR. Davis Capital Management acquired a new stake in shares of Progressive in the third quarter valued at approximately $25,000. Ameriflex Group Inc. lifted its holdings in Progressive by 106.6% during the 3rd quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Howard Hughes Medical Institute bought a new position in Progressive in the 2nd quarter valued at $34,000. TruNorth Capital Management LLC boosted its position in Progressive by 450.0% in the 3rd quarter. TruNorth Capital Management LLC now owns 165 shares of the insurance provider’s stock valued at $41,000 after buying an additional 135 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its stake in shares of Progressive by 41.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 196 shares of the insurance provider’s stock valued at $48,000 after buying an additional 57 shares during the period. Institutional investors own 85.34% of the company’s stock.

Insider Buying and Selling

In other news, insider Maribel Pumarejo sold 739 shares of Progressive stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total transaction of $150,201.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Carl G. Joyce sold 141 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 828 shares of the company’s stock, valued at $175,536. This trade represents a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,417 shares of company stock valued at $2,357,289. 0.34% of the stock is owned by company insiders.

Progressive Stock Performance

Shares of PGR stock opened at $202.34 on Friday. The stock has a market cap of $118.55 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 8.76 and a beta of 0.33. The stock has a 50-day moving average of $206.25 and a 200-day moving average of $221.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. The Progressive Corporation has a one year low of $197.92 and a one year high of $289.96.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Progressive’s dividend payout ratio is presently 2.08%.

Analysts Set New Price Targets

A number of analysts recently commented on PGR shares. Jefferies Financial Group set a $216.00 price objective on Progressive in a research report on Wednesday, February 11th. Zacks Research upgraded shares of Progressive from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $225.00 target price on shares of Progressive in a research note on Monday, February 23rd. Bank of America lowered their price target on shares of Progressive from $308.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Piper Sandler reissued an “overweight” rating and set a $259.00 price target on shares of Progressive in a research note on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $240.67.

Progressive News Roundup

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: BofA kept a Buy rating and only trimmed its target slightly (from $308 to $305), leaving a large implied upside versus current levels — supports bullish investor sentiment. Article Title
• Positive Sentiment: Wells Fargo raised its target from $214 to $217 and kept an Equal Weight view, a modest positive signal from another large shop. Article Title TickerReport
• Positive Sentiment: Progressive’s February operating update showed revenue/premium momentum: net premiums written +5% Y/Y, net premiums earned +8%, net income +2%, and policies in force +10% — supportive for top-line growth and pricing power. Investment-related realized losses improved sharply. Company Release
• Neutral Sentiment: Keefe, Bruyette & Woods lowered its target to $227 and moved to Market Perform — a cautious stance but still shows modest upside relative to current prices. Article Title
• Neutral Sentiment: Market commentary and valuation pieces (Yahoo/Seeking Alpha/TipRanks) are prompting reassessments of PGR’s fair value after recent share weakness; these may influence medium-term sentiment but aren’t new company-specific catalysts. Yahoo Article
• Neutral Sentiment: Progressive issued a formal February performance update (company release / TipRanks coverage) — important for transparency but largely reiterative of monthly metrics. TipRanks
• Negative Sentiment: The combined ratio widened to 85.7 from 82.6 Y/Y, indicating underwriting profitability softened — a clear profit-margin headwind for an insurer. Company Release
• Negative Sentiment: Data shows significant insider selling and large institutional shifts (notably UBS removing a large block), which can weigh on sentiment and signal portfolio rebalancing or concern from major holders. QuiverQuant
• Negative Sentiment: Market headlines note intraday stock weakness in some sessions (MSN coverage), reflecting short-term volatility as investors digest the mixed signals. MSN

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.