The Progressive Corporation $PGR Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC trimmed its stake in The Progressive Corporation (NYSE:PGR) by 18.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,011 shares of the insurance provider’s stock after selling 3,160 shares during the quarter. Progressive makes up about 0.6% of Regent Peak Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Regent Peak Wealth Advisors LLC’s holdings in Progressive were worth $3,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PGR. Davis Capital Management acquired a new stake in shares of Progressive in the 3rd quarter worth about $25,000. Ameriflex Group Inc. lifted its position in Progressive by 106.6% in the 3rd 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. Howard Hughes Medical Institute acquired a new position in Progressive during the 2nd quarter valued at about $34,000. TruNorth Capital Management LLC boosted its stake in Progressive by 450.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 165 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 135 shares during the period. Finally, Richardson Financial Services Inc. grew its position in Progressive by 41.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 196 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Bank of America kept a “buy” rating and, despite trimming its target slightly to $305, still implies substantial upside — a supporting factor for the stock. Progressive had its price target lowered by Bank of America Corporation from $308.00 to $305.00
• Positive Sentiment: Wells Fargo raised its target to $217 and maintained an “equal weight” view, a modest positive signal that offsets some downgrades. Wells Fargo raised its price target on Progressive
• Neutral Sentiment: Progressive is getting increased attention from retail and news platforms; Zacks flagged PGR as a “trending” stock, which can drive short-term volume and volatility but doesn’t change fundamentals. The Progressive Corporation (PGR) Is a Trending Stock
• Neutral Sentiment: Recent media noted intraday moves in PGR (short-term price swings); useful for traders but not necessarily indicative of a lasting trend. Progressive (PGR) stock moves -1.29%: What you should know
• Negative Sentiment: Mizuho cut its target to $223 and moved to “neutral,” trimming upside expectations and applying downward pressure. Progressive had its price target lowered by Mizuho from $235.00 to $223.00
• Negative Sentiment: Barclays downgraded PGR from “strong-buy” to “hold,” reducing buy-side conviction and potentially limiting near-term gains. Progressive was downgraded by Barclays PLC from “strong-buy” to “hold”
• Negative Sentiment: Keefe, Bruyette & Woods trimmed its target to $227 and set a “market perform” rating, another modest drag on sentiment. Progressive had its price target lowered by Keefe, Bruyette & Woods
• Neutral Sentiment: An unrelated biotech update (Zenas BioPharma) appeared in the feed but has no material bearing on Progressive’s insurance business. Zenas BioPharma Advances Phase 3 Orelabrutinib Trial

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PGR shares. Zacks Research upgraded shares of Progressive from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Wells Fargo & Company boosted their price objective on Progressive from $214.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c+)” rating on shares of Progressive in a report on Monday, December 29th. Argus upgraded Progressive to a “hold” rating in a research report on Thursday, March 5th. Finally, Citigroup reduced their price target on Progressive from $300.60 to $261.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $239.72.

Progressive Price Performance

Shares of Progressive stock opened at $205.93 on Friday. The Progressive Corporation has a 52 week low of $197.92 and a 52 week high of $289.96. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $120.66 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 8.95 and a beta of 0.33. The company’s 50-day moving average price is $206.07 and its two-hundred day moving average price is $220.98.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, April 2nd. Progressive’s payout ratio is presently 2.08%.

Insider Buying and Selling at Progressive

In other Progressive news, insider Andrew J. Quigg sold 1,649 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $336,973.15. Following the transaction, the insider owned 39,626 shares of the company’s stock, valued at approximately $8,097,573.10. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karen Bailo sold 3,517 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $212.00, for a total value of $745,604.00. Following the sale, the insider owned 32,348 shares of the company’s stock, valued at $6,857,776. This trade represents a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 11,417 shares of company stock valued at $2,357,289. Corporate insiders own 0.34% of the company’s stock.

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.