Osprey Private Wealth LLC Grows Stake in The Progressive Corporation $PGR

Osprey Private Wealth LLC grew its position in The Progressive Corporation (NYSE:PGR) by 9.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,696 shares of the insurance provider’s stock after acquiring an additional 3,180 shares during the quarter. Progressive comprises about 2.0% of Osprey Private Wealth LLC’s portfolio, making the stock its 20th largest position. Osprey Private Wealth LLC’s holdings in Progressive were worth $7,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bogart Wealth LLC grew its position in shares of Progressive by 235.1% during the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares in the last quarter. Bard Associates Inc. bought a new stake in Progressive during the fourth quarter valued at about $27,000. Dagco Inc. purchased a new position in Progressive in the fourth quarter valued at about $28,000. HHM Wealth Advisors LLC boosted its holdings in shares of Progressive by 700.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock valued at $29,000 after buying an additional 126 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new stake in Progressive during the fourth quarter valued at approximately $29,000. 85.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Steven Broz sold 1,157 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $204.76, for a total value of $236,907.32. Following the completion of the transaction, the insider directly owned 27,511 shares of the company’s stock, valued at $5,633,152.36. This represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Jo Murphy sold 5,916 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the completion of the sale, the insider directly owned 41,290 shares of the company’s stock, valued at approximately $8,258,000. This trade represents a 12.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 15,230 shares of company stock worth $3,165,817. Company insiders own 0.32% of the company’s stock.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Mizuho raised its price target on Progressive (PGR) to $243 from $217, while keeping a neutral rating, signaling improved expectations for the insurer’s near-term upside. Mizuho Raises Progressive Price Target
• Positive Sentiment: DOWLING & PARTNERS increased its FY2026 earnings estimate for Progressive to $18.00 per share from $17.75, above the broader consensus of $17.28, which suggests analysts see continued earnings strength. Progressive Analyst Estimate Increase
• Positive Sentiment: One recent commentary piece argued that improving underwriting trends and a possible index-exit effect could be a “game changer” for Progressive, reinforcing the bullish view that fundamentals may support the stock. Index Exit and Upbeat Underwriting Trends Could Be A Game Changer For Progressive
• Neutral Sentiment: Another article said Progressive still looks fully valued after Russell Growth Index exits, which could limit enthusiasm even though it does not change the company’s operating outlook. Progressive After Russell Growth Index Exits Still Looks Fully Valued
• Neutral Sentiment: A comparison piece versus Allstate argued that Progressive’s valuation remains premium relative to peers, highlighting a potential headwind for multiple expansion rather than a direct business concern. Allstate Vs. Progressive: Buy Allstate’s Deep-Value Multiple Not Progressive’s Premium Run

Progressive Trading Up 0.5%

Shares of PGR traded up $1.07 during mid-day trading on Friday, reaching $230.59. The stock had a trading volume of 1,477,630 shares, compared to its average volume of 3,432,770. The firm has a market cap of $134.74 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 4.34 and a beta of 0.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. The business’s fifty day moving average is $206.90 and its 200 day moving average is $206.90. The Progressive Corporation has a 52-week low of $189.20 and a 52-week high of $254.93.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. The firm had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $23.51 billion. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $4.37 EPS. On average, sell-side analysts predict that The Progressive Corporation will post 17.28 EPS for the current fiscal year.

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is currently 2.03%.

Analyst Ratings Changes

Several research firms have recently issued reports on PGR. Evercore set a $240.00 price objective on shares of Progressive in a report on Friday. UBS Group boosted their price objective on Progressive from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Tuesday, June 30th. Barclays set a $247.00 price objective on Progressive in a research report on Wednesday, March 18th. Keefe, Bruyette & Woods boosted their target price on shares of Progressive from $210.00 to $231.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $220.00 price objective on shares of Progressive in a report on Wednesday, May 20th. Six research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $238.05.

Progressive 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.