National Pension Service Increases Position in The Progressive Corporation $PGR

National Pension Service grew its position in The Progressive Corporation (NYSE:PGR) by 2.9% during the third quarter, Holdings Channel.com reports. The firm owned 1,449,357 shares of the insurance provider’s stock after acquiring an additional 40,586 shares during the period. National Pension Service’s holdings in Progressive were worth $357,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Impact Partnership Wealth LLC increased its holdings in Progressive by 54.4% in the third quarter. Impact Partnership Wealth LLC now owns 4,379 shares of the insurance provider’s stock valued at $1,081,000 after buying an additional 1,543 shares during the last quarter. Valley Wealth Managers Inc. boosted its position in shares of Progressive by 0.9% during the 3rd quarter. Valley Wealth Managers Inc. now owns 89,887 shares of the insurance provider’s stock worth $22,198,000 after acquiring an additional 832 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Progressive by 8.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,392 shares of the insurance provider’s stock worth $344,000 after acquiring an additional 109 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Progressive in the 3rd quarter valued at about $89,000. Finally, AE Wealth Management LLC raised its position in shares of Progressive by 12.7% during the 3rd quarter. AE Wealth Management LLC now owns 11,280 shares of the insurance provider’s stock worth $2,786,000 after acquiring an additional 1,268 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Buying and Selling

In related news, insider Steven Broz sold 1,344 shares of Progressive stock in a transaction on Friday, December 19th. The shares were sold at an average price of $224.80, for a total value of $302,131.20. Following the transaction, the insider directly owned 26,354 shares in the company, valued at $5,924,379.20. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO John P. Sauerland sold 5,000 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $228.48, for a total transaction of $1,142,400.00. Following the completion of the transaction, the chief financial officer directly owned 223,024 shares in the company, valued at $50,956,523.52. This represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,788 shares of company stock valued at $3,018,961 in the last quarter. 0.34% of the stock is currently owned by insiders.

Progressive Trading Down 0.2%

Shares of Progressive stock opened at $207.74 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 0.38. The company has a market capitalization of $121.82 billion, a P/E ratio of 10.80, a PEG ratio of 1.28 and a beta of 0.34. The Progressive Corporation has a 1 year low of $198.50 and a 1 year high of $292.99. The company’s fifty day moving average is $219.58 and its two-hundred day moving average is $230.90.

Progressive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, January 2nd. Progressive’s payout ratio is 2.08%.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 earnings beat and commentary lifted confidence in near-term earnings momentum — analysts and coverage pieces say the results and management commentary support continued policy growth and profitability, which underpins the bullish investment thesis. How Earnings Beat And CFO Succession At Progressive (PGR) Has Changed Its Investment Story
• Positive Sentiment: Bank of America reiterated a Buy and raised its target to $334, signaling that at least some sell‑side analysts see meaningful upside from current levels based on sustained policy momentum and elevated profitability. Progressive: Sustained Policy Momentum…
• Neutral Sentiment: Progressive confirmed CFO John Sauerland will step down in July 2026; management has flagged a planned succession process — this is notable for governance but appears orderly rather than abrupt. Progressive CFO Sauerland to step down in July 2026
• Neutral Sentiment: Several retail/coverage pieces are highlighting Progressive as a relatively inexpensive or buyable insurance stock given its P/E and recent pullback; these narratives can attract value-oriented buyers but are less likely to move the stock quickly. Is Progressive Corporation (PGR) One of the Best Inexpensive Stocks to Buy Now?
• Neutral Sentiment: Product coverage note — a 2026 review of Progressive’s pet insurance appeared; incremental product expansion can support long-term premium growth but is a low-impact near-term driver. Progressive pet insurance review 2026
• Negative Sentiment: Multiple brokerages trimmed price targets and/or downgraded tone after Q4: Wells Fargo cut its target to $220 (equal weight), Keefe, Bruyette & Woods cut to $225 (market perform), and BMO trimmed its target to $232 — collective downgrades increase selling pressure and suggest some analysts reduced forward estimates. Progressive (NYSE:PGR) Price Target Lowered to $220.00 at Wells Fargo & Company
• Negative Sentiment: Follow-up coverage notes analysts broadly cut forecasts after the Q4 report, reinforcing the nearer-term caution and likely contributing to the downside in sentiment among more value/near‑term focused investors. Progressive Analysts Cut Their Forecasts After Q4 Earnings

Wall Street Analyst Weigh In

PGR has been the subject of a number of research analyst reports. Citigroup lowered their price target on Progressive from $301.38 to $300.60 and set a “buy” rating for the company in a report on Monday, December 15th. Morgan Stanley lowered their target price on shares of Progressive from $214.00 to $205.00 and set an “underweight” rating for the company in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Progressive in a research report on Monday, December 29th. The Goldman Sachs Group set a $227.00 price target on shares of Progressive in a research report on Wednesday, January 7th. Finally, UBS Group dropped their price objective on Progressive from $268.00 to $261.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Progressive presently has an average rating of “Hold” and an average price target of $255.68.

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.