AustralianSuper Pty Ltd Grows Stake in The Progressive Corporation $PGR

AustralianSuper Pty Ltd increased its holdings in shares of The Progressive Corporation (NYSE:PGR) by 20.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 830,951 shares of the insurance provider’s stock after acquiring an additional 140,980 shares during the quarter. Progressive comprises approximately 0.9% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its 21st largest holding. AustralianSuper Pty Ltd’s holdings in Progressive were worth $205,203,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. LRI Investments LLC lifted its position in shares of Progressive by 13.4% during the 2nd quarter. LRI Investments LLC now owns 338 shares of the insurance provider’s stock worth $90,000 after buying an additional 40 shares during the last quarter. CVA Family Office LLC lifted its position in Progressive by 4.2% in the second quarter. CVA Family Office LLC now owns 1,053 shares of the insurance provider’s stock valued at $281,000 after acquiring an additional 42 shares during the last quarter. Bell Investment Advisors Inc lifted its position in Progressive by 20.8% in the second quarter. Bell Investment Advisors Inc now owns 256 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 44 shares during the last quarter. Maia Wealth LLC boosted its stake in Progressive by 5.4% in the second quarter. Maia Wealth LLC now owns 857 shares of the insurance provider’s stock valued at $229,000 after acquiring an additional 44 shares in the last quarter. Finally, Trail Ridge Investment Advisors LLC grew its holdings in shares of Progressive by 1.6% during the second quarter. Trail Ridge Investment Advisors LLC now owns 2,906 shares of the insurance provider’s stock worth $775,000 after purchasing an additional 45 shares during the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 results beat expectations: Progressive reported stronger-than-expected quarterly earnings and revenue, driven by higher premiums and improved underwriting performance (reported combined ratio ~87%), supporting margin resilience. Progressive (PGR) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Analyst upgrade: A recent analysis upgraded PGR to “Buy,” citing de‑risked valuation (~12x earnings), disciplined underwriting, and a favorable outlook on margins despite slower premium growth. Progressive: Margin Fears Are Overdone (Upgrade)
• Neutral Sentiment: CFO succession announced: Longtime CFO John Sauerland will retire July 3, 2026; Chief Strategy Officer Andrew Quigg is named successor and will work with Sauerland for a staged handover — the plan signals internal continuity but still introduces leadership change. Progressive Announces Plans For CFO Transition
• Negative Sentiment: Conflicting analyst view: Zacks issued a downgrade to “strong sell” earlier, creating some opposing short‑term pressure and mixed analyst signals for investors to weigh. Zacks downgrade / TickerReport
• Negative Sentiment: Notable insider selling highlighted in third‑party trackers may concern some investors, though the company attributes the CFO change to retirement and has an internal successor lined up. The Progressive Corporation Announces Retirement of CFO John Sauerland, Successor Named

Progressive Stock Performance

NYSE:PGR opened at $212.94 on Thursday. The firm has a market cap of $124.87 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.27 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29. The Progressive Corporation has a 1-year low of $198.50 and a 1-year high of $292.99. The firm’s fifty day moving average price is $220.33 and its 200 day moving average price is $231.34.

Progressive Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, January 2nd. Progressive’s dividend payout ratio is currently 2.19%.

Analyst Ratings Changes

A number of analysts recently issued reports on PGR shares. Bank of America decreased their target price on Progressive from $350.00 to $348.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Citigroup decreased their price objective on Progressive from $301.38 to $300.60 and set a “buy” rating for the company in a report on Monday, December 15th. Keefe, Bruyette & Woods raised their target price on shares of Progressive from $250.00 to $252.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. HSBC set a $259.00 price target on shares of Progressive and gave the company an “underperform” rating in a research report on Monday, November 17th. Finally, The Goldman Sachs Group set a $227.00 price objective on shares of Progressive in a research report on Wednesday, January 7th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $259.39.

Insiders Place Their Bets

In related news, insider Steven Broz sold 1,344 shares of Progressive stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $224.80, for a total value of $302,131.20. Following the sale, the insider directly owned 26,354 shares in the company, valued at $5,924,379.20. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CIO Jonathan S. Bauer sold 3,105 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $634,506.75. Following the completion of the transaction, the executive owned 26,249 shares of the company’s stock, valued at $5,363,983.15. The trade was a 10.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,788 shares of company stock worth $3,018,961 over the last quarter. 0.33% of the stock is owned by company insiders.

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.