The Progressive Corporation $PGR Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in The Progressive Corporation (NYSE:PGR) by 99.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 196,883 shares of the insurance provider’s stock after buying an additional 98,053 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Progressive were worth $48,620,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PGR. Brighton Jones LLC boosted its position in shares of Progressive by 15.6% in the 4th quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock worth $813,000 after buying an additional 457 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Progressive during the 4th quarter valued at about $269,000. Bison Wealth LLC increased its holdings in Progressive by 3.2% during the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock valued at $615,000 after acquiring an additional 80 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Progressive by 1.2% during the second quarter. PNC Financial Services Group Inc. now owns 322,933 shares of the insurance provider’s stock worth $86,178,000 after acquiring an additional 3,871 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Progressive by 4.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 88,924 shares of the insurance provider’s stock valued at $23,730,000 after purchasing an additional 3,816 shares in the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Progressive news, insider Andrew J. Quigg sold 1,649 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $336,973.15. Following the sale, the insider directly owned 39,626 shares of the company’s stock, valued at approximately $8,097,573.10. This trade represents a 4.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Carl G. Joyce sold 141 shares of Progressive stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $212.00, for a total value of $29,892.00. Following the completion of the sale, the chief accounting officer owned 828 shares of the company’s stock, valued at $175,536. This trade represents a 14.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 12,761 shares of company stock valued at $2,659,420. 0.34% of the stock is currently owned by company insiders.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and others highlight PGR as an attractive, defensive insurance holding given strong 2025 results and tech-driven market share gains; Goldman reaffirmed a Buy and a $225 target — a vote of confidence for longer-term investors. Goldman Sachs Names PGR
• Positive Sentiment: MarketBeat and sector write-ups list Progressive among three insurers that can provide stability in volatile markets due to steady premium flows, underwriting discipline and higher investment income — supportive context for investors favoring defensive exposure. 3 Insurers to Bring Stability
• Neutral Sentiment: Analyst and equity research pieces note “moderating growth but intact fundamentals” for Progressive — suggests near-term growth pressures but that core profitability and underwriting metrics remain solid. Moderating Growth But Intact Fundamentals
• Neutral Sentiment: Two entries concern Progressive Planet Solutions (TSE:PLAN) reporting record Q3 revenue and one‑time charges to fund growth — this is a different company and unlikely to directly affect PGR’s fundamentals or stock, but it may cause headline noise for investors scanning “Progressive” news. Progressive Planet Posts Record Q3 Revenue Progressive Planet Q3 Results
• Negative Sentiment: BMO Capital Markets cut its price target for PGR to $208 and moved to Market Perform, signaling reduced near-term upside expectations and likely contributing to selling pressure among tactical investors. BMO Price Target Cut
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock outlook, adding to downward pressure from cautious sell‑side sentiment. Bank of America Issues Pessimistic Forecast
• Negative Sentiment: Progressive CFO John Sauerland announced retirement after a 35‑year tenure — a material leadership change that may create short-term uncertainty about financial stewardship and succession, though management has a long track record at the company. CFO Retirement

Analyst Upgrades and Downgrades

Several research firms have recently commented on PGR. HSBC lowered shares of Progressive from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Zacks Research raised Progressive from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. BMO Capital Markets lowered their target price on Progressive from $232.00 to $208.00 and set a “market perform” rating on the stock in a report on Wednesday. Citigroup dropped their price target on Progressive from $300.60 to $261.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on Progressive from $225.00 to $232.00 and gave the company a “market perform” rating in a research report on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $241.94.

Progressive Stock Up 1.9%

Shares of NYSE PGR opened at $205.10 on Friday. The firm has a market cap of $120.17 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 8.75 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The Progressive Corporation has a 1 year low of $197.92 and a 1 year high of $292.99. The firm’s 50 day moving average price is $207.10 and its 200 day moving average price is $222.91.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is 2.08%.

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.