George Sewell Sells 2,000 Shares of PROG (NYSE:PRG) Stock

PROG Holdings, Inc (NYSE:PRG) CAO George Sewell sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total transaction of $91,060.00. Following the transaction, the chief accounting officer directly owned 28,385 shares in the company, valued at approximately $1,292,369.05. The trade was a 6.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

PROG Price Performance

Shares of PRG stock traded down $2.43 during midday trading on Thursday, reaching $43.42. 455,025 shares of the company were exchanged, compared to its average volume of 527,147. The company’s 50 day moving average price is $41.81 and its two-hundred day moving average price is $35.77. The company has a market cap of $1.74 billion, a P/E ratio of 11.99 and a beta of 1.79. PROG Holdings, Inc has a 12 month low of $25.80 and a 12 month high of $47.73. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.29 and a current ratio of 4.03.

PROG (NYSE:PRG) last posted its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.24. PROG had a net margin of 5.57% and a return on equity of 21.88%. The business had revenue of $719.72 million during the quarter, compared to analysts’ expectations 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. On average, sell-side analysts expect that PROG Holdings, Inc will post 4.95 earnings per share for the current year.

PROG Announces Dividend

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

Institutional Investors Weigh In On PROG

Large investors have recently modified their holdings of the stock. Quarry LP lifted its holdings in shares of PROG by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after purchasing an additional 506 shares during the last quarter. Global Assets Advisory LLC purchased a new position in PROG in the 1st quarter worth about $38,000. Federation des caisses Desjardins du Quebec purchased a new position in PROG in the 4th quarter worth about $44,000. WealthCollab LLC raised its holdings in PROG by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after buying an additional 800 shares during the period. Finally, Strs Ohio purchased a new stake in PROG during the first quarter valued at about $129,000. 97.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

PRG has been the subject of several research analyst reports. KeyCorp upped their price objective on PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Stephens boosted their price target on shares of PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. B. Riley Financial upped their price target on shares of PROG from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Weiss Ratings upgraded shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of PROG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average 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.