PROG Holdings, Inc $PRG Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of PROG Holdings, Inc (NYSE:PRG) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,226 shares of the fintech holding company’s stock after selling 23,139 shares during the quarter. Intech Investment Management LLC owned approximately 0.38% of PROG worth $4,460,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Portolan Capital Management LLC acquired a new position in shares of PROG during the 3rd quarter worth approximately $4,859,000. JPMorgan Chase & Co. raised its stake in shares of PROG by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 485,574 shares of the fintech holding company’s stock worth $15,713,000 after buying an additional 33,961 shares during the period. Denali Advisors LLC acquired a new position in shares of PROG during the 3rd quarter worth approximately $2,686,000. Wedge Capital Management L L P NC raised its stake in shares of PROG by 37.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 132,702 shares of the fintech holding company’s stock worth $3,913,000 after buying an additional 36,013 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of PROG by 18.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the fintech holding company’s stock worth $38,428,000 after buying an additional 188,835 shares during the period. 97.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PRG shares. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research note on Thursday, April 30th. Wall Street Zen raised PROG from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Raymond James Financial reaffirmed an “outperform” rating and set a $45.00 target price on shares of PROG in a research note on Thursday, April 30th. Stephens upped their target price on PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Zacks Research raised PROG from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, PROG has an average rating of “Moderate Buy” and a consensus target price of $43.70.

PROG Stock Up 0.3%

Shares of NYSE:PRG opened at $36.87 on Monday. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. The business has a fifty day moving average of $31.85 and a two-hundred day moving average of $31.58. The stock has a market cap of $1.48 billion, a P/E ratio of 10.07 and a beta of 1.82. PROG Holdings, Inc has a 52-week low of $25.80 and a 52-week high of $41.14.

PROG (NYSE:PRG) last issued its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.46. The company had revenue of $742.67 million during the quarter, compared to analysts’ expectations of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, research analysts expect that PROG Holdings, Inc will post 4.7 earnings per share for the current year.

PROG Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. PROG’s dividend payout ratio is currently 15.30%.

About PROG

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.