Financiere des Professionnels Fonds d investissement inc. Acquires New Shares in The Progressive Corporation $PGR

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of The Progressive Corporation (NYSE:PGR) during the 1st quarter, Holdings Channel.com reports. The firm acquired 24,387 shares of the insurance provider’s stock, valued at approximately $4,834,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in Progressive by 19.4% in the first quarter. Bessemer Group Inc. now owns 27,683 shares of the insurance provider’s stock valued at $5,489,000 after acquiring an additional 4,492 shares during the period. Avalon Trust Co raised its position in shares of Progressive by 0.7% during the first quarter. Avalon Trust Co now owns 120,024 shares of the insurance provider’s stock worth $23,794,000 after purchasing an additional 799 shares during the period. Independent Financial Group LLC bought a new position in shares of Progressive during the 1st quarter valued at about $520,000. Enterprise Financial Services Corp lifted its holdings in shares of Progressive by 28.9% during the 1st quarter. Enterprise Financial Services Corp now owns 2,340 shares of the insurance provider’s stock valued at $464,000 after purchasing an additional 524 shares in the last quarter. Finally, Prosperity Consulting Group LLC grew its position in shares of Progressive by 2.1% in the 1st quarter. Prosperity Consulting Group LLC now owns 3,631 shares of the insurance provider’s stock valued at $720,000 after purchasing an additional 74 shares during the period. 85.34% of the stock is currently owned by institutional investors.

Insider Activity at Progressive

In related news, insider Steven Broz sold 1,157 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $204.76, for a total transaction of $236,907.32. Following the sale, the insider owned 27,511 shares in the company, valued at approximately $5,633,152.36. This represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Jo Murphy sold 5,916 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $1,183,200.00. Following the transaction, the insider directly owned 41,290 shares of the company’s stock, valued at $8,258,000. This trade represents a 12.53% decrease in their ownership of the stock. 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 quarter, insiders have sold 15,230 shares of company stock valued at $3,165,817. 0.32% of the stock is owned by insiders.

Progressive Stock Up 0.4%

Progressive stock opened at $206.14 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. The Progressive Corporation has a 1-year low of $189.20 and a 1-year high of $254.93. The company has a fifty day simple moving average of $208.49 and a 200 day simple moving average of $206.49. The company has a market cap of $120.46 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 3.85 and a beta of 0.26.

Progressive (NYSE:PGR) last issued its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, topping the consensus estimate of $4.67 by $0.13. Progressive had a net margin of 12.84% and a return on equity of 32.92%. The firm had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $23.51 billion. During the same period in the previous year, the firm posted $4.37 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts anticipate that The Progressive Corporation will post 17.41 earnings per share for the current fiscal year.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s payout ratio is currently 2.03%.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported Q2 earnings above estimates and continued to expand its business, with net premiums written up 5% for the quarter and total policies in force up 7% year over year. Progressive Reports June 2026 Results
• Positive Sentiment: Analysts at Bank of America still rate PGR a buy, even after trimming their price target, suggesting Wall Street still sees meaningful upside from current levels. Benzinga report on Bank of America price target cut
• Neutral Sentiment: Several research firms lowered price targets after the quarter, but most kept market-perform or equivalent ratings, indicating cautious sentiment rather than a strong bearish call. Progressive Analysts Slash Their Forecasts After Q2 Results
• Negative Sentiment: Net income fell 31% in June and the combined ratio worsened, raising concerns that underwriting margins are under pressure in a softer, more competitive insurance environment. Reuters report on quarterly profit and auto insurance demand
• Negative Sentiment: Other commentary highlighted that shares sold off after the earnings release because investors were disappointed by margin concerns and weaker-than-expected profit quality despite the top-line growth. Seeking Alpha news on Q2 results

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PGR shares. UBS Group increased their target price on Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Mizuho upped their price target on shares of Progressive from $217.00 to $243.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. BMO Capital Markets lowered their price objective on shares of Progressive from $220.00 to $205.00 and set a “market perform” rating for the company in a research report on Thursday. HSBC raised their price objective on shares of Progressive from $214.00 to $221.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Finally, Bank of America cut their price objective on shares of Progressive from $313.00 to $308.00 and set a “buy” rating on the stock in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Progressive presently has a consensus rating of “Hold” and a consensus target price of $235.05.

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.