Aventura Private Wealth LLC Makes New $1.16 Million Investment in The Progressive Corporation $PGR

Aventura Private Wealth LLC acquired a new position in The Progressive Corporation (NYSE:PGR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,087 shares of the insurance provider’s stock, valued at approximately $1,158,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Maia Wealth LLC raised its position in shares of Progressive by 5.4% during the second quarter. Maia Wealth LLC now owns 857 shares of the insurance provider’s stock worth $229,000 after purchasing an additional 44 shares during the period. Selective Wealth Management Inc. grew its position in Progressive by 2.1% in the 3rd quarter. Selective Wealth Management Inc. now owns 2,207 shares of the insurance provider’s stock valued at $538,000 after purchasing an additional 45 shares during the period. Liberty One Investment Management LLC increased its stake in Progressive by 3.8% during the 3rd quarter. Liberty One Investment Management LLC now owns 1,291 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 47 shares in the last quarter. True Wealth Design LLC increased its stake in Progressive by 20.8% during the 3rd quarter. True Wealth Design LLC now owns 279 shares of the insurance provider’s stock valued at $69,000 after purchasing an additional 48 shares in the last quarter. Finally, Wealthstream Advisors Inc. raised its holdings in Progressive by 4.6% during the third quarter. Wealthstream Advisors Inc. now owns 1,111 shares of the insurance provider’s stock worth $274,000 after buying an additional 49 shares during the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Bank of America kept a “buy” rating and, despite trimming its target slightly to $305, still implies substantial upside — a supporting factor for the stock. Progressive had its price target lowered by Bank of America Corporation from $308.00 to $305.00
• Positive Sentiment: Wells Fargo raised its target to $217 and maintained an “equal weight” view, a modest positive signal that offsets some downgrades. Wells Fargo raised its price target on Progressive
• Neutral Sentiment: Progressive is getting increased attention from retail and news platforms; Zacks flagged PGR as a “trending” stock, which can drive short-term volume and volatility but doesn’t change fundamentals. The Progressive Corporation (PGR) Is a Trending Stock
• Neutral Sentiment: Recent media noted intraday moves in PGR (short-term price swings); useful for traders but not necessarily indicative of a lasting trend. Progressive (PGR) stock moves -1.29%: What you should know
• Negative Sentiment: Mizuho cut its target to $223 and moved to “neutral,” trimming upside expectations and applying downward pressure. Progressive had its price target lowered by Mizuho from $235.00 to $223.00
• Negative Sentiment: Barclays downgraded PGR from “strong-buy” to “hold,” reducing buy-side conviction and potentially limiting near-term gains. Progressive was downgraded by Barclays PLC from “strong-buy” to “hold”
• Negative Sentiment: Keefe, Bruyette & Woods trimmed its target to $227 and set a “market perform” rating, another modest drag on sentiment. Progressive had its price target lowered by Keefe, Bruyette & Woods
• Neutral Sentiment: An unrelated biotech update (Zenas BioPharma) appeared in the feed but has no material bearing on Progressive’s insurance business. Zenas BioPharma Advances Phase 3 Orelabrutinib Trial

Progressive Stock Performance

Shares of PGR stock opened at $205.93 on Friday. The company has a market capitalization of $120.66 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 8.81 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The Progressive Corporation has a one year low of $197.92 and a one year high of $289.96. The company’s 50-day moving average is $206.07 and its 200 day moving average is $221.16.

Progressive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s dividend payout ratio is presently 2.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PGR shares. Citigroup reduced their price objective on shares of Progressive from $300.60 to $261.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Morgan Stanley dropped their price target on shares of Progressive from $214.00 to $205.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods cut their price target on Progressive from $232.00 to $227.00 and set a “market perform” rating for the company in a research note on Thursday. Evercore reissued a “negative” rating on shares of Progressive in a report on Wednesday. Finally, Bank of America lowered their price objective on Progressive from $308.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $239.72.

Insider Activity at Progressive

In related news, CIO Jonathan S. Bauer sold 2,266 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $203.05, for a total value of $460,111.30. Following the transaction, the executive directly owned 26,250 shares of the company’s stock, valued at approximately $5,330,062.50. This represents a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew J. Quigg sold 1,649 shares of Progressive stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $336,973.15. Following the completion of the sale, the insider directly owned 39,626 shares of the company’s stock, valued at approximately $8,097,573.10. The trade was a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,417 shares of company stock valued at $2,357,289 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

About Progressive

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.