The Progressive Corporation $PGR Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. trimmed its holdings in The Progressive Corporation (NYSE:PGR) by 4.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,970 shares of the insurance provider’s stock after selling 9,446 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Progressive were worth $53,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UniSuper Management Pty Ltd grew its position in shares of Progressive by 22.0% in the 3rd quarter. UniSuper Management Pty Ltd now owns 44,197 shares of the insurance provider’s stock valued at $10,914,000 after buying an additional 7,966 shares during the last quarter. Birch Financial Group LLC boosted its stake in Progressive by 20.5% in the third quarter. Birch Financial Group LLC now owns 1,990 shares of the insurance provider’s stock valued at $491,000 after acquiring an additional 338 shares in the last quarter. Westfuller Advisors LLC purchased a new position in shares of Progressive during the third quarter worth about $63,000. Delta Financial Advisors LLC acquired a new stake in shares of Progressive during the third quarter worth about $419,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Progressive by 20.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 275,072 shares of the insurance provider’s stock valued at $67,929,000 after purchasing an additional 47,471 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays upgraded Progressive from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $257.00 to $265.00 in a research note on Thursday, January 8th. BMO Capital Markets cut their target price on shares of Progressive from $253.00 to $239.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. HSBC set a $259.00 price target on shares of Progressive and gave the stock an “underperform” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. dropped their price objective on shares of Progressive from $303.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Progressive from $250.00 to $252.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $259.39.

Progressive Stock Performance

Shares of PGR stock opened at $206.04 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $221.22 and a 200-day simple moving average of $232.28. The company has a market cap of $120.82 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.26 and a beta of 0.34. The Progressive Corporation has a 12-month low of $198.50 and a 12-month high of $292.99.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is 2.19%.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive showed relative strength versus the broader market in the latest session, which can support short‑term buying interest ahead of earnings. Progressive (PGR) Beats Stock Market Upswing: What Investors Need to Know
• Neutral Sentiment: Q4 earnings preview: analysts expect earnings growth, but the Zacks preview flags items beyond headline EPS — underwriting trends, combined ratio and pricing momentum will determine whether Progressive delivers a beat or conservative guidance. This makes the print a binary near‑term catalyst. Progressive (PGR) Q4 Earnings Preview
• Neutral Sentiment: Valuation/strategy check: a Yahoo Finance piece questions whether Progressive’s long‑term growth is being priced appropriately after the recent pullback — useful context for value investors given PGR’s relatively low P/E (~11) but shorter‑term technical weakness (50‑day < 200‑day MA). Is Progressive (PGR) Pricing Its Long Term Growth Potential Correctly After Recent Pullback
• Negative Sentiment: Competitive threat — Lemonade’s new partnership with Tesla to offer steep discounts on FSD miles creates a potential pricing innovation that could win lower‑loss, tech‑savvy customers and put pressure on legacy insurers’ pricing and margins if scaled. This raises longer‑term competitive risk for Progressive’s auto franchise. Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced
• Negative Sentiment: Insider selling: recent open‑market sales by CIO Jonathan Bauer and Andrew Quigg were disclosed (multiple transactions at ~\$204/share). While not huge relative to company size, clustered insider sales ahead of earnings can be perceived negatively by some investors. Progressive Insider Sells
• Negative Sentiment: Analyst/expectations risk: several firms have trimmed price targets or kept neutral/underweight calls; Zacks flags that while growth is expected, there may be limited obvious upside from an earnings‑beat narrative, so a miss or cautious guidance could drive further downside. Progressive (PGR) Reports Next Week

Insider Activity at Progressive

In related news, insider Steven Broz sold 1,344 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $224.80, for a total transaction of $302,131.20. Following the sale, the insider owned 26,354 shares of the company’s stock, valued at approximately $5,924,379.20. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CIO Jonathan S. Bauer sold 3,105 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $634,506.75. Following the transaction, the executive owned 26,249 shares in the company, valued at $5,363,983.15. The trade was a 10.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,788 shares of company stock valued at $3,018,961 over the last 90 days. Company insiders own 0.34% of the company’s stock.

Progressive Company 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.