The Progressive Corporation $PGR Stock Holdings Lowered by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its holdings in shares of The Progressive Corporation (NYSE:PGR) by 79.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,849 shares of the insurance provider’s stock after selling 49,908 shares during the period. TD Waterhouse Canada Inc.’s holdings in Progressive were worth $3,172,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PGR. Allstate Corp grew its holdings in shares of Progressive by 1,614.1% in the 3rd quarter. Allstate Corp now owns 21,598 shares of the insurance provider’s stock worth $5,334,000 after acquiring an additional 20,338 shares during the last quarter. New York Life Investment Management LLC boosted its position in shares of Progressive by 1.4% in the 2nd quarter. New York Life Investment Management LLC now owns 87,760 shares of the insurance provider’s stock valued at $23,420,000 after purchasing an additional 1,192 shares during the period. Gateway Investment Advisers LLC increased its stake in Progressive by 91.7% in the 3rd quarter. Gateway Investment Advisers LLC now owns 11,710 shares of the insurance provider’s stock worth $2,892,000 after purchasing an additional 5,600 shares in the last quarter. Mather Group LLC. raised its holdings in Progressive by 40.6% during the 3rd quarter. Mather Group LLC. now owns 16,840 shares of the insurance provider’s stock worth $4,159,000 after buying an additional 4,865 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Progressive by 471.3% in the third quarter. Arkadios Wealth Advisors now owns 22,496 shares of the insurance provider’s stock worth $5,556,000 after buying an additional 18,558 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Transactions at Progressive

In other news, CFO John P. Sauerland sold 5,000 shares of the 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 transaction, the chief financial officer owned 223,024 shares in the company, valued at $50,956,523.52. This represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew J. Quigg sold 1,649 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $204.35, for a total transaction of $336,973.15. Following the transaction, the insider owned 39,626 shares in the company, valued at $8,097,573.10. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 13,788 shares of company stock worth $3,018,961. Corporate insiders own 0.34% of the company’s stock.

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

Progressive Price Performance

PGR opened at $207.74 on Friday. The stock has a fifty day moving average price of $219.58 and a 200 day moving average price of $230.82. The company has a current ratio of 0.38, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23. The Progressive Corporation has a 1 year low of $198.50 and a 1 year high of $292.99. The stock has a market cap of $121.82 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.28 and a beta of 0.34.

Progressive Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PGR shares. Wells Fargo & Company reduced their price target on shares of Progressive from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday. Morgan Stanley cut their target price on shares of Progressive from $214.00 to $205.00 and set an “underweight” rating on the stock in a research note on Wednesday. Hsbc Global Res cut Progressive from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Mizuho set a $240.00 price target on Progressive in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group set a $227.00 price objective on Progressive in a research note on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Progressive currently 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.