Alamar Capital Management LLC Makes New Investment in The Progressive Corporation $PGR

Alamar Capital Management LLC acquired a new stake in The Progressive Corporation (NYSE:PGR) during the 1st quarter, Holdings Channel reports. The firm acquired 15,550 shares of the insurance provider’s stock, valued at approximately $3,083,000. Progressive comprises approximately 1.9% of Alamar Capital Management LLC’s portfolio, making the stock its 10th largest position.

A number of other hedge funds have also recently made changes to their positions in the business. Bard Associates Inc. purchased a new stake in shares of Progressive during the fourth quarter worth about $27,000. Bogart Wealth LLC boosted its position in shares of Progressive by 235.1% during the first quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 87 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new position in Progressive during the fourth quarter valued at $29,000. HHM Wealth Advisors LLC increased its holdings in Progressive by 700.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 126 shares during the last quarter. Finally, Acumen Wealth Advisors LLC bought a new stake in Progressive in the 4th quarter valued at $33,000. Institutional investors own 85.34% of the company’s stock.

Insider Buying and Selling

In related news, insider John Jo Murphy sold 5,916 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $1,183,200.00. Following the sale, the insider directly owned 41,290 shares of the company’s stock, valued at $8,258,000. This represents a 12.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the completion of the sale, the director directly owned 22,546 shares of the company’s stock, valued at approximately $4,877,376.18. The trade was a 23.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 15,230 shares of company stock valued at $3,165,817. Company insiders own 0.32% of the company’s stock.

Progressive Stock Down 0.6%

Shares of PGR opened at $204.57 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $209.39 and a 200 day moving average of $205.90. The company has a market cap of $119.54 billion, a PE ratio of 10.26, a P/E/G ratio of 2.77 and a beta of 0.26. The Progressive Corporation has a 52-week low of $189.20 and a 52-week high of $254.93.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is 2.01%.

Analyst Ratings Changes

Several research analysts have commented on PGR shares. Evercore set a $240.00 price objective on shares of Progressive in a report on Friday, July 10th. UBS Group lifted their target price on Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. Weiss Ratings downgraded Progressive from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company dropped their price target on Progressive from $205.00 to $198.00 and set an “underweight” rating for the company in a research note on Thursday, July 16th. Finally, William Blair restated a “market perform” rating on shares of Progressive in a report on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $235.05.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive announced a strategic collaboration with Winnebago to bundle RV insurance solutions with Winnebago’s vehicles, which could strengthen customer acquisition, expand its RV insurance business, and support cross-selling opportunities. Article Title
• Positive Sentiment: The company also secured a jersey sponsorship with Cleveland’s future WNBA team, giving Progressive another brand-visibility win and reinforcing its marketing reach. Article Title
• Neutral Sentiment: Research firm DOWLING & PARTN lowered its FY2028 EPS estimate for Progressive to $15.88, below the current consensus of $17.55, which may reinforce investor caution around future earnings growth. Article Title
• Neutral Sentiment: Some broader market commentary continues to note that Progressive’s EPS growth may not be fully reflected in the share price, suggesting investors still see upside potential but are waiting for more proof. Article Title
• Negative Sentiment: Compared with peers, Travelers’ strong earnings-driven rally may be drawing attention to underwriting execution in the property-casualty sector, which could make investors more selective on Progressive until it shows similarly strong results. Article Title

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.