PROG (NYSE:PRG) Insider Michael Todd King Sells 930 Shares

PROG Holdings, Inc (NYSE:PRG) insider Michael Todd King sold 930 shares of PROG stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $46.00, for a total value of $42,780.00. Following the sale, the insider owned 61,895 shares of the company’s stock, valued at approximately $2,847,170. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, August 5th, Michael Todd King sold 1,070 shares of PROG stock. The shares were sold at an average price of $46.00, for a total transaction of $49,220.00.

PROG Price Performance

Shares of PRG stock opened at $43.42 on Friday. The company has a market capitalization of $1.74 billion, a P/E ratio of 11.99 and a beta of 1.79. The company’s 50-day simple moving average is $41.94 and its two-hundred day simple moving average is $35.84. PROG Holdings, Inc has a one year low of $25.80 and a one year high of $47.73. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.29.

PROG (NYSE:PRG) last announced its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.24. The firm had revenue of $719.72 million during the quarter, compared to analyst estimates of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%.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 year.

PROG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, August 18th. PROG’s payout ratio is presently 15.47%.

Key PROG News

Here are the key news stories impacting PROG this week:

• Positive Sentiment: PROG Holdings declared a quarterly cash dividend of $0.14 per share, payable September 3, 2026, to shareholders of record on August 18. The dividend implies an annualized payout of approximately $0.56 per share and a yield of about 1.2%, providing continued income support for investors. PROG Holdings, Inc. Declares Dividend
• Neutral Sentiment: The dividend’s ex-dividend date is August 18. Investors purchasing shares on or after that date will not receive the upcoming distribution, which may contribute to short-term trading volatility but does not affect the company’s operating outlook. PROG Holdings Declares Quarterly Cash Dividend to Shareholders
• Negative Sentiment: PROG Holdings insiders disclosed sales totaling 4,000 shares worth approximately $183,060. Chief Accounting Officer George M. Sewell sold 2,000 shares, reducing his direct holdings by 6.58%, while insider Michael Todd King sold 2,000 shares across August 4–5, reducing his position by a combined 3.21%. Both executives continue to hold substantial stakes, so the transactions appear relatively modest and may reflect personal portfolio decisions rather than a fundamental warning. PROG Holdings SEC Insider Filing

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PRG. Goldman Sachs Group Inc. raised its stake in shares of PROG by 436.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after acquiring an additional 1,483,751 shares in the last quarter. State Street Corp boosted its stake in PROG by 5.6% in the fourth quarter. State Street Corp now owns 1,679,355 shares of the fintech holding company’s stock valued at $49,524,000 after acquiring an additional 89,035 shares in the last quarter. LSV Asset Management boosted its stake in PROG by 37.7% in the fourth quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock valued at $34,205,000 after acquiring an additional 317,600 shares in the last quarter. First Trust Advisors LP grew its holdings in PROG by 588.0% in the first quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock worth $24,100,000 after purchasing an additional 717,932 shares during the last quarter. Finally, UBS Group AG grew its holdings in PROG by 102.4% in the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock worth $26,654,000 after purchasing an additional 416,658 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Analysts Set New Price Targets

PRG has been the subject of several recent research reports. TD Cowen boosted their price target on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Raymond James Financial reiterated an “outperform” rating and set a $45.00 price objective on shares of PROG in a research note on Thursday, April 30th. Loop Capital downgraded shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research note on Wednesday, July 1st. Jefferies Financial Group raised PROG from a “hold” rating to a “buy” rating and increased their target price for the company from $33.00 to $60.00 in a research report on Wednesday, July 8th. Finally, Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. One investment 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 company’s stock. Based on data from MarketBeat, PROG has an average rating of “Moderate Buy” and an average price target 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.