17,500 Shares in PROG Holdings, Inc $PRG Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of PROG Holdings, Inc (NYSE:PRG) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,500 shares of the fintech holding company’s stock, valued at approximately $502,000.

Other large investors have also recently made changes to their positions in the company. Diversified Trust Co boosted its stake in shares of PROG by 9.6% in the 1st quarter. Diversified Trust Co now owns 10,149 shares of the fintech holding company’s stock valued at $291,000 after purchasing an additional 886 shares in the last quarter. DGS Capital Management LLC lifted its stake in PROG by 34.5% in the fourth quarter. DGS Capital Management LLC now owns 107,926 shares of the fintech holding company’s stock worth $3,183,000 after purchasing an additional 27,691 shares during the last quarter. Vident Advisory LLC boosted its position in PROG by 17.2% during the fourth quarter. Vident Advisory LLC now owns 22,133 shares of the fintech holding company’s stock valued at $653,000 after buying an additional 3,253 shares during the period. State of Tennessee Department of Treasury boosted its position in PROG by 6.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 26,887 shares of the fintech holding company’s stock valued at $872,000 after buying an additional 1,680 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of PROG by 18.8% during the fourth quarter. Mackenzie Financial Corp now owns 72,343 shares of the fintech holding company’s stock valued at $2,186,000 after buying an additional 11,435 shares during the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.

PROG Stock Performance

PROG stock opened at $43.74 on Wednesday. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1.75 billion, a P/E ratio of 11.95 and a beta of 1.78. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $47.60. The firm has a 50-day moving average of $37.39 and a 200-day moving average of $33.67.

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

PROG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, May 19th. PROG’s dividend payout ratio is currently 15.30%.

Analysts Set New Price Targets

PRG has been the topic of several analyst reports. Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Wall Street Zen lowered PROG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Zacks Research cut PROG from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. TD Cowen boosted their price objective on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Loop Capital lowered PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.25.

PROG Company Profile

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.