Louisiana State Employees Retirement System Takes $502,000 Position in PROG Holdings, Inc $PRG

Louisiana State Employees Retirement System purchased a new position in PROG Holdings, Inc (NYSE:PRG) in the first quarter, HoldingsChannel reports. The fund purchased 17,500 shares of the fintech holding company’s stock, valued at approximately $502,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings 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 during the period. First Trust Advisors LP lifted its stake in shares of PROG by 451.1% in the 3rd quarter. First Trust Advisors LP now owns 702,781 shares of the fintech holding company’s stock valued at $22,742,000 after purchasing an additional 575,255 shares during the period. UBS Group AG boosted its position in shares of PROG by 102.4% during the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock valued at $26,654,000 after purchasing an additional 416,658 shares in the last quarter. LSV Asset Management grew 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 worth $34,205,000 after purchasing an additional 317,600 shares during the period. Finally, Millennium Management LLC raised its holdings in PROG by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after purchasing an additional 259,630 shares in the last quarter. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Stephens lifted their price target on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Zacks Research cut shares of PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. TD Cowen raised their target price on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.25.

PROG Price Performance

PRG opened at $43.74 on Wednesday. The firm has a market cap of $1.75 billion, a PE ratio of 11.95 and a beta of 1.78. The stock has a 50-day moving average price of $37.39 and a 200-day moving average price of $33.67. PROG Holdings, Inc has a 1 year low of $25.80 and a 1 year high of $47.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.27 and a quick ratio of 2.41.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.78 by $0.46. The company had revenue of $742.67 million for the quarter, compared to the consensus estimate of $732.70 million. PROG had a net margin of 5.88% and a return on equity of 21.94%. PROG’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Sell-side analysts predict that PROG Holdings, Inc will post 4.7 earnings per share for the current fiscal year.

PROG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. PROG’s dividend payout ratio (DPR) is 15.30%.

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.