PROG Holdings, Inc $PRG Shares Acquired by Vestcor Inc

Vestcor Inc lifted its stake in shares of PROG Holdings, Inc (NYSE:PRG) by 87.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,625 shares of the fintech holding company’s stock after buying an additional 21,348 shares during the quarter. Vestcor Inc’s holdings in PROG were worth $1,345,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in shares of PROG by 436.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after buying an additional 1,483,751 shares in the last quarter. LSV Asset Management grew its position in shares of PROG by 37.7% during the fourth quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock worth $34,205,000 after buying an additional 317,600 shares in the last quarter. UBS Group AG grew its position in shares of PROG by 102.4% during the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock worth $26,654,000 after buying an additional 416,658 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of PROG by 1.1% during the third quarter. Ameriprise Financial Inc. now owns 756,270 shares of the fintech holding company’s stock worth $24,473,000 after buying an additional 8,552 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of PROG by 451.1% during the third quarter. First Trust Advisors LP now owns 702,781 shares of the fintech holding company’s stock worth $22,742,000 after buying an additional 575,255 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

PROG Trading Down 0.0%

Shares of PRG opened at $35.24 on Monday. The business’s 50-day moving average price is $32.53 and its 200 day moving average price is $31.85. The stock has a market capitalization of $1.41 billion, a P/E ratio of 9.63 and a beta of 1.82. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $41.14. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21.

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

PROG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. PROG’s payout ratio is 15.30%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stephens lifted their price objective on shares of PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a report on Thursday, April 30th. Weiss Ratings downgraded shares of PROG from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Raymond James Financial reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of PROG in a report on Thursday, April 30th. Finally, Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.70.

About PROG

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.