PROG (NYSE:PRG) Insider Michael Todd King Sells 1,070 Shares of Stock

PROG Holdings, Inc (NYSE:PRG) insider Michael Todd King sold 1,070 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total value of $49,220.00. Following the transaction, the insider directly owned 60,825 shares in the company, valued at approximately $2,797,950. This represents a 1.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Michael Todd King also recently made the following trade(s):

• On Tuesday, August 4th, Michael Todd King sold 930 shares of PROG stock. The stock was sold at an average price of $46.00, for a total transaction of $42,780.00.

PROG Stock Performance

PRG stock traded down $2.43 during trading on Thursday, hitting $43.42. 455,025 shares of the company’s stock traded hands, compared to its average volume of 527,147. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 11.99 and a beta of 1.79. PROG Holdings, Inc has a 52 week low of $25.80 and a 52 week high of $47.73. The stock has a fifty day moving average price of $41.81 and a two-hundred day moving average price of $35.77. The company has a quick ratio of 2.29, a current ratio of 4.03 and a debt-to-equity ratio of 1.10.

PROG (NYSE:PRG) last posted its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. PROG had a net margin of 5.57% and a return on equity of 21.88%. The company had revenue of $719.72 million for the quarter, compared to the consensus estimate of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, equities analysts anticipate that PROG Holdings, Inc will post 4.95 EPS for the current fiscal year.

PROG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 18th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PROG’s dividend payout ratio (DPR) is currently 15.47%.

Institutional Trading of PROG

A number of hedge funds and other institutional investors have recently modified their holdings of PRG. Royal Bank of Canada lifted its holdings in shares of PROG by 23.4% in the first quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock valued at $955,000 after buying an additional 6,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in PROG by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock worth $648,000 after acquiring an additional 1,162 shares during the period. Millennium Management LLC grew its holdings in PROG by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after acquiring an additional 259,630 shares during the period. Goldman Sachs Group Inc. raised its position in PROG by 5.4% in the first quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock worth $8,342,000 after acquiring an additional 16,126 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in PROG in the first quarter worth about $233,000. Institutional investors own 97.92% of the company’s stock.

Analysts Set New Price Targets

PRG has been the topic of several recent research reports. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price target on shares of PROG in a report on Thursday, April 30th. TD Cowen increased their target price on PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research note on Wednesday, July 1st. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group upgraded shares of PROG from a “hold” rating to a “buy” rating and upped their price target for the stock from $33.00 to $60.00 in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, PROG has a consensus rating of “Moderate Buy” and a consensus target price of $49.44.

PROG Company Profile

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.