The Progressive Corporation $PGR Shares Sold by Csenge Advisory Group

Csenge Advisory Group decreased its stake in shares of The Progressive Corporation (NYSE:PGR) by 76.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,920 shares of the insurance provider’s stock after selling 6,325 shares during the quarter. Csenge Advisory Group’s holdings in Progressive were worth $437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund increased its stake in shares of Progressive by 30.2% in the third quarter. Illinois Municipal Retirement Fund now owns 102,778 shares of the insurance provider’s stock worth $25,381,000 after acquiring an additional 23,833 shares during the period. Prospera Financial Services Inc increased its stake in shares of Progressive by 36.9% in the third quarter. Prospera Financial Services Inc now owns 19,240 shares of the insurance provider’s stock worth $4,752,000 after acquiring an additional 5,184 shares during the period. Federated Hermes Inc. increased its stake in shares of Progressive by 19.9% in the third quarter. Federated Hermes Inc. now owns 629,095 shares of the insurance provider’s stock worth $155,355,000 after acquiring an additional 104,563 shares during the period. Mariner LLC increased its stake in shares of Progressive by 7.9% in the third quarter. Mariner LLC now owns 644,636 shares of the insurance provider’s stock worth $159,183,000 after acquiring an additional 47,248 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Progressive by 5.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,807,068 shares of the insurance provider’s stock worth $411,506,000 after acquiring an additional 97,275 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Stock Down 1.7%

PGR stock opened at $199.08 on Friday. The firm has a market cap of $116.33 billion, a PE ratio of 10.12, a P/E/G ratio of 5.85 and a beta of 0.31. 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 firm’s fifty day moving average is $200.50 and its 200 day moving average is $210.29. The Progressive Corporation has a one year low of $191.75 and a one year high of $289.96.

Progressive (NYSE:PGR) last released its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, beating the consensus estimate of $4.67 by $0.13. The company had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $4.37 earnings per share. On average, research analysts forecast that The Progressive Corporation will post 16.41 EPS for the current year.

Progressive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is presently 2.03%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Progressive from $218.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Bank of America cut their price objective on shares of Progressive from $325.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler restated an “overweight” rating and set a $259.00 price target on shares of Progressive in a research report on Monday, March 2nd. Mizuho dropped their price target on shares of Progressive from $235.00 to $223.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Finally, Weiss Ratings lowered shares of Progressive from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Progressive currently has a consensus rating of “Hold” and an average target price of $239.78.

Insider Activity at Progressive

In other Progressive news, CIO Jonathan S. Bauer sold 2,266 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $203.05, for a total transaction of $460,111.30. Following the transaction, the executive directly owned 26,250 shares of the company’s stock, valued at $5,330,062.50. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Karen Bailo sold 3,517 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $212.00, for a total transaction of $745,604.00. Following the transaction, the insider directly owned 32,348 shares in the company, valued at approximately $6,857,776. The trade was a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 6,933 shares of company stock valued at $1,441,564. 0.32% of the stock is currently owned by company insiders.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported April net premiums written rose 6% year over year to $7.28 billion, while net income increased 10% and EPS climbed to $1.86, signaling continued top-line growth and profitability. Progressive Reports April 2026 Results
• Positive Sentiment: Wells Fargo raised its price target on PGR to $222 from $218, suggesting some Wall Street confidence in the stock’s valuation. Benzinga coverage of Wells Fargo target raise
• Neutral Sentiment: Analyst and investor attention has been elevated, with recent coverage benchmarking Progressive against other property & casualty insurers and highlighting the stock’s strong operating track record.
• Negative Sentiment: The company’s combined ratio worsened to 90.2 from 84.9 a year earlier, indicating higher losses/expenses relative to premiums and raising questions about underwriting efficiency. Progressive April 2026 Financial Results
• Negative Sentiment: Revenue came in below some expectations in the company’s prior quarterly report, which may be tempering enthusiasm despite the strong April update.

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.