The Progressive Corporation $PGR Position Decreased by Nordea Investment Management AB

Nordea Investment Management AB reduced its holdings in The Progressive Corporation (NYSE:PGR) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 1,369,055 shares of the insurance provider’s stock after selling 32,061 shares during the period. Nordea Investment Management AB’s holdings in Progressive were worth $335,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PGR. Davis Capital Management acquired a new position in Progressive in the third quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Progressive during the 2nd quarter worth $33,000. Howard Hughes Medical Institute bought a new stake in shares of Progressive during the 2nd quarter worth $34,000. Westside Investment Management Inc. grew its holdings in shares of Progressive by 900.0% in the 2nd quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 117 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of Progressive by 1,885.7% during the second quarter. Richardson Financial Services Inc. now owns 139 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 132 shares during the period. 85.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PGR shares. Wolfe Research initiated coverage on Progressive in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. William Blair cut shares of Progressive from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Evercore ISI cut their price target on shares of Progressive from $250.00 to $237.00 and set an “in-line” rating on the stock in a report on Wednesday, January 7th. Wall Street Zen downgraded shares of Progressive from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Mizuho began coverage on shares of Progressive in a research report on Monday, December 15th. They set a “neutral” rating and a $242.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $260.74.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Long-term bullish analysis: a Seeking Alpha piece argues Progressive remains a multi-year compounder thanks to disciplined underwriting, strong margin profile and growth opportunities — a bull case that can attract value-minded investors after recent declines. Progressive: A Long-Term Compounder Built On Underwriting Discipline
• Neutral Sentiment: Valuation discussion: multiple articles note PGR is ~21% off its highs and looks cheaper on P/E metrics, but stress that a lower multiple isn’t an automatic buy — investors should weigh margin trends and industry headwinds. Down 21% From All-Time Highs, Is Progressive Stock a Buy?
• Neutral Sentiment: Retail commentary repeats the “cheaper but watchful” view: The Motley Fool/other outlets highlight solid core profitability but caution investors to probe the reasons for the discount (industry cycle, underwriting margin risk). Down 21% From All-Time Highs, Is Progressive Stock a Buy?
• Neutral Sentiment: Consensus stance: aggregate analyst coverage sits near a “Hold” average (mix of buy/hold/sell) — that keeps upside expectations muted until fundamentals clarify. The Progressive Corporation (NYSE:PGR) Given Consensus Recommendation of “Hold” by Analysts
• Negative Sentiment: Analyst price-target cuts and near-term caution: Evercore ISI, BofA and JPMorgan trimmed price targets (Evercore cited a tougher 2026 for P&C fundamentals) and reiterated more cautious/inline ratings — a direct pressure on sentiment and potential catalyst for further near-term downside. Evercore ISI, BofA, and JPMorgan Reduce PT on The Progressive Corporation (PGR) Amid Slowing Industry Fundamentals

Progressive Stock Performance

PGR stock opened at $216.65 on Tuesday. The stock has a market cap of $127.04 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.31 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50 day simple moving average of $223.51 and a 200 day simple moving average of $235.47. The Progressive Corporation has a 52 week low of $199.90 and a 52 week high of $292.99.

Progressive (NYSE:PGR) last released its earnings results on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). The company had revenue of $21.38 billion during the quarter, compared to analysts’ expectations of $21.64 billion. Progressive had a return on equity of 33.88% and a net margin of 12.57%.During the same quarter in the previous year, the company earned $3.58 EPS. Research analysts anticipate that The Progressive Corporation will post 14.68 earnings per share for the current fiscal year.

Progressive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 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 2.19%.

Insider Transactions at Progressive

In related news, CFO John P. Sauerland sold 5,000 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $228.48, for a total value of $1,142,400.00. Following the transaction, the chief financial officer owned 223,024 shares in the company, valued at approximately $50,956,523.52. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven Broz sold 1,345 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $228.29, for a total transaction of $307,050.05. Following the transaction, the insider directly owned 27,698 shares in the company, valued at approximately $6,323,176.42. The trade was a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,034 shares of company stock worth $2,047,481 in the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Progressive Company 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.