4,610 Shares in The Progressive Corporation $PGR Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. purchased a new position in shares of The Progressive Corporation (NYSE:PGR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 4,610 shares of the insurance provider’s stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bogart Wealth LLC grew its stake in Progressive by 235.1% in the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 87 shares in the last quarter. Bard Associates Inc. purchased a new stake in shares of Progressive in the 4th quarter worth $27,000. HHM Wealth Advisors LLC increased its stake in shares of Progressive by 700.0% during the first quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock valued at $29,000 after buying an additional 126 shares during the period. IFC & Insurance Marketing Inc. bought a new stake in shares of Progressive in the fourth quarter valued at about $29,000. Finally, Axiom Investment Management LLC bought a new position in Progressive during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive’s second-quarter earnings call highlighted continued auto-insurance leadership and signs of a turnaround in its property business. These trends could support premium growth, profitability and improved diversification. Progressive’s Earnings Call: Auto Leadership, Property Turnaround
• Positive Sentiment: Coverage of the Q2 presentation and earnings call gives investors additional detail on the company’s financial performance, operating metrics and capital-allocation plans. Progressive’s ability to deploy capital while maintaining balance-sheet strength remains a favorable factor. The Progressive Corporation 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Wolfe Research maintained a Hold rating, citing a balanced risk-reward profile and robust capital deployment. The decision suggests analysts see solid execution but limited near-term catalysts at the current valuation. Progressive: Balanced Risk-Reward and Robust Capital Deployment Support Hold Rating
• Neutral Sentiment: Recent analysis compares Progressive’s second-quarter revenue and earnings-related metrics with Wall Street expectations and year-ago results, keeping investor attention focused on growth, margins and underwriting performance. Progressive Q2 Earnings: Key Metrics Versus Estimates
• Negative Sentiment: JPMorgan lowered its price target from $250 to $241 and kept a Neutral rating. Although the revised target still implies upside, the cut signals more restrained expectations following the earnings update. JPMorgan Lowers Progressive Price Target

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PGR shares. Wells Fargo & Company reduced their price objective on shares of Progressive from $205.00 to $198.00 and set an “underweight” rating for the company in a research note on Thursday, July 16th. Royal Bank Of Canada set a $208.00 target price on shares of Progressive in a research report on Friday, May 22nd. William Blair reaffirmed a “market perform” rating on shares of Progressive in a research report on Wednesday, July 15th. Mizuho set a $236.00 price objective on Progressive in a research report on Wednesday. Finally, HSBC upped their target price on Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Progressive has a consensus rating of “Hold” and a consensus target price of $235.26.

Progressive Stock Performance

Shares of PGR stock opened at $212.50 on Thursday. The firm has a market capitalization of $123.54 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 2.85 and a beta of 0.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.27. The business has a fifty day moving average of $212.09 and a 200 day moving average of $206.11. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $254.93.

Progressive Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is presently 2.01%.

Insider Activity

In other Progressive news, insider Karen Bailo sold 8,452 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $212.71, for a total transaction of $1,797,824.92. Following the completion of the transaction, the insider directly owned 32,348 shares of the company’s stock, valued at approximately $6,880,743.08. This trade represents a 20.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Susan Patricia Griffith sold 37,338 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $212.71, for a total transaction of $7,942,165.98. Following the completion of the sale, the chief executive officer directly owned 522,776 shares in the company, valued at $111,199,682.96. This trade represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 74,885 shares of company stock valued at $15,880,459. 0.32% of the stock is owned by insiders.

Progressive 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.