Allianz Asset Management GmbH Purchases 91,574 Shares of Aaron’s Holdings Company, Inc. $PRG

Allianz Asset Management GmbH lifted its position in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 10.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 998,674 shares of the company’s stock after purchasing an additional 91,574 shares during the quarter. Allianz Asset Management GmbH owned 2.48% of Aaron’s worth $29,311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in shares of Aaron’s in the 2nd quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its position in Aaron’s by 785.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock valued at $28,000 after buying an additional 927 shares during the period. GAMMA Investing LLC boosted its position in Aaron’s by 66.2% during the second quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $33,000 after buying an additional 447 shares during the period. CWM LLC boosted its position in Aaron’s by 225.4% during the second quarter. CWM LLC now owns 2,841 shares of the company’s stock valued at $83,000 after buying an additional 1,968 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Aaron’s by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company’s stock valued at $91,000 after buying an additional 413 shares during the period. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRG has been the subject of several analyst reports. BTIG Research restated a “sell” rating and set a $27.00 price target on shares of Aaron’s in a research report on Friday, October 10th. Wall Street Zen lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

Aaron’s Stock Performance

Shares of PRG opened at $31.37 on Friday. Aaron’s Holdings Company, Inc. has a one year low of $23.50 and a one year high of $49.90. The company has a 50-day simple moving average of $33.67 and a two-hundred day simple moving average of $30.35. The firm has a market capitalization of $1.24 billion, a PE ratio of 6.20 and a beta of 1.79. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82.

Aaron’s (NYSE:PRG) last announced its earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.23. Aaron’s had a net margin of 8.53% and a return on equity of 22.54%. The business had revenue of $604.66 million during the quarter, compared to the consensus estimate of $586.25 million. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Aaron’s has set its Q3 2025 guidance at 0.700-0.750 EPS. FY 2025 guidance at 3.200-3.350 EPS. On average, analysts anticipate that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.7%. Aaron’s’s dividend payout ratio (DPR) is currently 10.28%.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.