PensionDanmark Pensionsforsikringsaktieselskab Buys 4,919 Shares of The Progressive Corporation $PGR

PensionDanmark Pensionsforsikringsaktieselskab raised its position in shares of The Progressive Corporation (NYSE:PGR) by 4.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 115,603 shares of the insurance provider’s stock after purchasing an additional 4,919 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Progressive were worth $25,253,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Progressive by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 55,261,140 shares of the insurance provider’s stock worth $12,584,067,000 after acquiring an additional 593,612 shares during the period. State Street Corp increased its holdings in shares of Progressive by 0.3% in the 3rd quarter. State Street Corp now owns 25,808,762 shares of the insurance provider’s stock worth $6,373,474,000 after buying an additional 78,374 shares during the last quarter. Capital International Investors increased its position in shares of Progressive by 8.9% during the 4th quarter. Capital International Investors now owns 14,921,724 shares of the insurance provider’s stock valued at $3,398,123,000 after purchasing an additional 1,217,527 shares during the last quarter. GQG Partners LLC raised its position in Progressive by 11.7% in the 4th quarter. GQG Partners LLC now owns 10,432,549 shares of the insurance provider’s stock worth $2,375,706,000 after purchasing an additional 1,092,151 shares during the period. Finally, Norges Bank purchased a new stake in Progressive in the fourth quarter worth $1,836,094,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive’s second-quarter 2026 earnings-call presentation is the most relevant company-specific item in the news flow. However, the provided headline does not include detailed results, guidance, or operating metrics, so it is not possible to determine whether the quarter materially exceeded expectations. The Progressive Corporation 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Several reports feature analysts discussing Progressive alongside other financial companies. The supplied articles do not specify consensus changes, price-target revisions, or rating actions, suggesting limited immediate impact from this coverage. Analysts Offer Insights on Financial Companies Analysts Have Conflicting Sentiments on Financial Companies
• Neutral Sentiment: The remaining reports concern politicians and candidates described as “progressive,” including Michigan primary elections. They do not involve The Progressive Corporation or its insurance operations and should not affect PGR’s valuation. Progressive Democrat Wins in Michigan

Insider Buying and Selling at Progressive

In other Progressive news, CIO Jonathan S. Bauer sold 2,242 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $212.71, for a total transaction of $476,895.82. Following the completion of the sale, the executive owned 26,250 shares of the company’s stock, valued at $5,583,637.50. This trade represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Jo Murphy sold 8,124 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $212.70, for a total value of $1,727,974.80. Following the completion of the transaction, the insider directly owned 41,291 shares in the company, valued at approximately $8,782,595.70. This trade represents a 16.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 74,885 shares of company stock worth $15,880,459. Insiders own 0.32% of the company’s stock.

Progressive Stock Up 1.1%

Shares of NYSE:PGR opened at $215.04 on Friday. The Progressive Corporation has a 52-week low of $189.20 and a 52-week high of $254.93. The stock has a market cap of $125.02 billion, a P/E ratio of 10.78, a PEG ratio of 2.87 and a beta of 0.27. The business has a fifty day moving average of $212.50 and a two-hundred day moving average of $206.20. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

PGR has been the topic of several research reports. BMO Capital Markets cut their price target on Progressive from $220.00 to $205.00 and set a “market perform” rating on the stock in a research note on Thursday, July 16th. Morgan Stanley upgraded Progressive from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $190.00 to $210.00 in a report on Friday, July 24th. Keefe, Bruyette & Woods dropped their target price on shares of Progressive from $231.00 to $226.00 and set a “market perform” rating on the stock in a research report on Thursday, July 16th. Royal Bank Of Canada set a $208.00 target price on Progressive in a report on Friday, May 22nd. Finally, Mizuho set a $236.00 target price on shares of Progressive in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $235.26.

Progressive 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.