The Progressive Corporation $PGR Stock Holdings Reduced by Nordea Investment Management AB

Posted by ABMN Staff on Mar 23rd, 2026

Nordea Investment Management AB reduced its position in The Progressive Corporation (NYSE:PGR – Free Report) by 17.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,135,330 shares of the insurance provider’s stock after selling 233,725 shares during the quarter. Nordea Investment Management AB’s holdings in Progressive were worth $259,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PGR. Davis Capital Management bought a new stake in shares of Progressive in the 3rd quarter valued at approximately $25,000. Howard Hughes Medical Institute bought a new position in Progressive during the second quarter valued at approximately $34,000. Ameriflex Group Inc. lifted its stake in Progressive by 106.6% in the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. TruNorth Capital Management LLC lifted its stake in Progressive by 450.0% in the third quarter. TruNorth Capital Management LLC now owns 165 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 135 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its position in Progressive by 41.0% in the third quarter. Richardson Financial Services Inc. now owns 196 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 57 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Progressive Price Performance

NYSE PGR opened at $205.93 on Monday. The Progressive Corporation has a 1 year low of $197.92 and a 1 year high of $289.96. The company has a fifty day simple moving average of $206.07 and a 200 day simple moving average of $220.80. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The company has a market cap of $120.66 billion, a P/E ratio of 10.70, a P/E/G ratio of 6.49 and a beta of 0.33.

Progressive Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PGR. Evercore restated a “negative” rating on shares of Progressive in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price objective on shares of Progressive in a report on Monday, February 23rd. Bank of America lowered their target price on shares of Progressive from $308.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday. Zacks Research upgraded Progressive from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Progressive in a research note on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $239.72.

Read Our Latest Analysis on PGR

Progressive News Summary

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

Insider Buying and Selling

In related news, insider Maribel Pumarejo sold 739 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $203.25, for a total transaction of $150,201.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owned 26,250 shares of the company’s stock, valued at approximately $5,330,062.50. This trade represents a 7.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,417 shares of company stock valued at $2,357,289 in the last quarter. Insiders own 0.33% of the company’s stock.

Progressive Profile

(Free Report)

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.