Tempo Wealth LLC Makes New $33.60 Million Investment in The Progressive Corporation $PGR

Tempo Wealth LLC purchased a new position in shares of The Progressive Corporation (NYSE:PGR) in the 4th quarter, Holdings Channel reports. The firm purchased 147,572 shares of the insurance provider’s stock, valued at approximately $33,605,000. Progressive makes up approximately 6.0% of Tempo Wealth LLC’s investment portfolio, making the stock its 2nd biggest holding.

A number of other large investors also recently modified their holdings of the company. Bard Associates Inc. bought a new stake in Progressive during the 4th quarter worth $27,000. Dagco Inc. acquired a new position in Progressive in the 4th quarter worth about $28,000. IFC & Insurance Marketing Inc. bought a new position in Progressive in the fourth quarter valued at about $29,000. Ameriflex Group Inc. raised its position in Progressive by 106.6% in the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Entrust Financial LLC acquired a new stake in shares of Progressive during the fourth quarter valued at about $33,000. 85.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Progressive

In other news, insider John Jo Murphy sold 5,916 shares of Progressive 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 completion of the transaction, the insider directly owned 41,290 shares of the company’s stock, valued at approximately $8,258,000. This trade represents a 12.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,157 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $231,400.00. Following the completion of the transaction, the insider directly owned 28,668 shares in the company, valued at $5,733,600. This represents a 3.88% 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. 0.32% of the stock is owned by insiders.

Progressive Price Performance

Shares of PGR opened at $204.42 on Friday. The business has a 50-day moving average of $199.89 and a 200-day moving average of $207.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $119.45 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 5.93 and a beta of 0.28. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $267.92.

Progressive (NYSE:PGR) last announced its 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. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The business had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $23.51 billion. During the same period in the prior year, the business posted $4.37 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that The Progressive Corporation will post 16.34 earnings per share for the current year.

Progressive Dividend Announcement

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

Progressive News Roundup

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: May 2026 results showed solid underwriting and growth: net premiums written rose 6%, net premiums earned increased 10%, net income jumped 36%, and the combined ratio improved to 82.1 from 86.9, signaling stronger profitability and pricing discipline. Progressive Reports May 2026 Results
• Positive Sentiment: Policies in force rose 8% year over year to 39.97 million, with personal auto and direct auto leading growth, which supports future premium volume. Progressive Reports May 2026 Results
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $210 from $208, and Bank of America lowered its target to $313 from $331 while keeping a Buy rating, leaving analysts broadly constructive despite valuation shifts. Analyst price target updates
• Neutral Sentiment: The company announced a planned leadership transition, with Personal Lines President Pat Callahan set to retire in January 2027 and internal promotions filling key roles. The move suggests continuity, but it also introduces some management-change uncertainty. Progressive Announces Management Changes
• Neutral Sentiment: Separate commentary and list appearances, including coverage calling Progressive undervalued and attracting investor attention, may be helping sentiment, but they do not change fundamentals by themselves. 5 Most Undervalued NYSE Stocks to Invest In
• Negative Sentiment: Some analyst and market commentary remains mixed, including an underweight view from Morgan Stanley and broader debate over whether current strength is already priced in. Seeking Alpha commentary

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Mizuho reduced their price target on Progressive from $235.00 to $223.00 and set a “neutral” rating on the stock in a report on Friday, March 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 target price on shares of Progressive in a research report on Monday, February 23rd. Roth Mkm set a $235.00 target price on shares of Progressive in a report on Thursday, February 19th. Argus upgraded shares of Progressive to a “hold” rating in a research report on Thursday, March 5th. Finally, Bank of America dropped their price target on shares of Progressive from $331.00 to $313.00 and set a “buy” rating for the company in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $237.58.

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.