Ascentis Independent Advisors Sells 3,107 Shares of The Progressive Corporation $PGR

Ascentis Independent Advisors trimmed its holdings in shares of The Progressive Corporation (NYSE:PGR) by 89.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 358 shares of the insurance provider’s stock after selling 3,107 shares during the quarter. Ascentis Independent Advisors’ holdings in Progressive were worth $71,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bard Associates Inc. bought a new position in shares of Progressive in the 4th quarter worth $27,000. Dagco Inc. bought a new stake in Progressive during the fourth quarter valued at about $28,000. HHM Wealth Advisors LLC grew its stake in Progressive by 700.0% in the first quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new position in Progressive in the fourth quarter valued at about $29,000. Finally, Entrust Financial LLC bought a new position in Progressive in the fourth quarter worth about $33,000. Institutional investors own 85.34% of the company’s stock.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Mizuho raised its price target on Progressive (PGR) to $243 from $217, while keeping a neutral rating, signaling improved expectations for the insurer’s near-term upside. Mizuho Raises Progressive Price Target
• Positive Sentiment: DOWLING & PARTNERS increased its FY2026 earnings estimate for Progressive to $18.00 per share from $17.75, above the broader consensus of $17.28, which suggests analysts see continued earnings strength. Progressive Analyst Estimate Increase
• Positive Sentiment: One recent commentary piece argued that improving underwriting trends and a possible index-exit effect could be a “game changer” for Progressive, reinforcing the bullish view that fundamentals may support the stock. Index Exit and Upbeat Underwriting Trends Could Be A Game Changer For Progressive
• Neutral Sentiment: Another article said Progressive still looks fully valued after Russell Growth Index exits, which could limit enthusiasm even though it does not change the company’s operating outlook. Progressive After Russell Growth Index Exits Still Looks Fully Valued
• Neutral Sentiment: A comparison piece versus Allstate argued that Progressive’s valuation remains premium relative to peers, highlighting a potential headwind for multiple expansion rather than a direct business concern. Allstate Vs. Progressive: Buy Allstate’s Deep-Value Multiple Not Progressive’s Premium Run

Progressive Price Performance

Progressive stock opened at $230.59 on Monday. The stock has a market capitalization of $134.74 billion, a P/E ratio of 11.72, a P/E/G ratio of 4.36 and a beta of 0.26. The company’s fifty day moving average price is $206.90 and its 200 day moving average price is $206.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $254.93.

Progressive (NYSE:PGR) last issued its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The firm had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. During the same period in the previous year, the company posted $4.37 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that The Progressive Corporation will post 17.3 earnings per share for the current fiscal year.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s payout ratio is presently 2.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PGR shares. Evercore set a $240.00 target price on shares of Progressive in a research note on Friday. HSBC raised their price objective on Progressive from $214.00 to $221.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Wells Fargo & Company downgraded Progressive from an “equal weight” rating to an “underweight” rating and set a $205.00 target price on the stock. in a research note on Monday, June 29th. Keefe, Bruyette & Woods increased their price target on Progressive from $210.00 to $231.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Finally, Barclays set a $247.00 price target on Progressive in a report on Wednesday, March 18th. Six equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $238.05.

Insider Activity

In related news, insider John Jo Murphy sold 5,916 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $1,183,200.00. Following the transaction, the insider directly owned 41,290 shares in the company, valued at approximately $8,258,000. This represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $1,514,310.00. Following the sale, the director directly owned 22,546 shares of the company’s stock, valued at $4,877,376.18. The trade was a 23.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,230 shares of company stock valued at $3,165,817 in the last 90 days. Company insiders own 0.32% of the company’s stock.

Progressive Profile

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.