Capitolis Liquid Global Markets LLC Trims Stock Holdings in The Progressive Corporation $PGR

Capitolis Liquid Global Markets LLC trimmed its position in The Progressive Corporation (NYSE:PGR) by 3.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 648,000 shares of the insurance provider’s stock after selling 26,500 shares during the period. Progressive comprises 0.9% of Capitolis Liquid Global Markets LLC’s investment portfolio, making the stock its 28th largest position. Capitolis Liquid Global Markets LLC’s holdings in Progressive were worth $147,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PGR. Bard Associates Inc. purchased a new stake in shares of Progressive in the fourth quarter worth $27,000. Dagco Inc. purchased a new stake in shares of Progressive in the fourth quarter worth $28,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Progressive in the fourth quarter worth $29,000. Ameriflex Group Inc. grew its stake in shares of Progressive by 106.6% in the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of Progressive in the fourth quarter worth $33,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported solid May 2026 results, with net premiums written up 6%, net premiums earned up 10%, net income up 36%, and the combined ratio improving to 82.1 from 86.9 a year ago, signaling stronger profitability and underwriting performance. Progressive Reports May 2026 Results
• Positive Sentiment: Policies in force rose 8% year over year to 39.97 million, showing continued growth in Progressive’s auto and personal lines business. Progressive names new leadership structure as profit jumps
• Positive Sentiment: BofA reportedly raised its price target on PGR to $331 and kept a Buy rating, reinforcing the bullish case after the strong monthly update. BofA Raises PT on The Progressive Corporation (PGR) Stock
• Neutral Sentiment: Progressive announced management changes, including the planned January 2027 retirement of Personal Lines President Pat Callahan and new roles for Lori Niederst and Heather Day; the succession plan is orderly, but it adds a layer of transition risk. Progressive Announces Management Changes
• Negative Sentiment: Jim Cramer said the “group is under a lot of pressure,” reflecting broader investor concern that auto insurers like Progressive may face margin pressure if inflation or claims trends worsen. Jim Cramer on Progressive Corporation: “That Group Is Under a Lot of Pressure”

Progressive Stock Down 0.0%

PGR stock opened at $204.64 on Thursday. The Progressive Corporation has a fifty-two week low of $189.20 and a fifty-two week high of $267.92. The business’s 50-day moving average is $199.73 and its two-hundred day moving average is $207.42. 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 company has a market cap of $119.58 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 5.93 and a beta of 0.28.

Progressive (NYSE:PGR) last posted its earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, beating 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 company had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $23.51 billion. During the same quarter in the prior year, the company earned $4.37 earnings per share. Progressive’s revenue was up 6.5% on a year-over-year basis. As a group, analysts forecast that The Progressive Corporation will post 16.34 earnings per share for the current year.

Progressive Announces Dividend

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

Insider Buying and Selling at Progressive

In other Progressive news, insider John Jo Murphy sold 5,916 shares of the stock in a transaction dated 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 owned 41,290 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Carl G. Joyce sold 270 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $206.50, for a total value of $55,755.00. Following the completion of the transaction, the chief accounting officer directly owned 558 shares in the company, valued at approximately $115,227. This represents a 32.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,343 shares of company stock valued at $1,470,355. 0.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings downgraded Progressive from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Jefferies Financial Group lowered their price target on Progressive from $216.00 to $215.00 and set a “hold” rating on the stock in a report on Tuesday, March 24th. Argus raised Progressive to a “hold” rating in a report on Thursday, March 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $225.00 price target on shares of Progressive in a report on Monday, February 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $259.00 price target on shares of Progressive in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Progressive presently has an average rating of “Hold” and an average price target of $238.11.

About Progressive

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.