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

PROG Holdings, Inc (NYSE:PRG) CAO George Sewell sold 2,000 shares of PROG stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total value of $91,060.00. Following the completion of the sale, the chief accounting officer directly owned 28,385 shares in the company, valued at $1,292,369.05. This represents a 6.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

PROG Stock Performance

Shares of PROG stock opened at $42.79 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.29. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 11.82 and a beta of 1.79. The stock’s 50-day moving average is $42.06 and its 200-day moving average is $35.89. PROG Holdings, Inc has a one year low of $25.80 and a one year high of $47.73.

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, topping analysts’ consensus estimates of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The business had revenue of $719.72 million during the quarter, compared to the consensus estimate 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. Equities analysts predict that PROG Holdings, Inc will post 4.95 earnings per share for the current fiscal year.

PROG Announces Dividend

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

Analyst Upgrades and Downgrades

PRG has been the topic of a number of research reports. KeyCorp boosted their price objective on shares of PROG from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Zacks Research upgraded shares of PROG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Raymond James Financial reissued an “outperform” rating and set a $45.00 price target on shares of PROG in a research report on Thursday, April 30th. Finally, Stephens increased their price objective on shares of PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PROG currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.44.

Institutional Investors Weigh In On PROG

Several large investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its position in PROG by 588.0% during the first quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock worth $24,100,000 after acquiring an additional 717,932 shares in the last quarter. SG Americas Securities LLC grew its position in shares of PROG by 113.5% in the 4th quarter. SG Americas Securities LLC now owns 40,807 shares of the fintech holding company’s stock valued at $1,203,000 after acquiring an additional 21,698 shares during the period. Bank of New York Mellon Corp increased its stake in shares of PROG by 30.0% during the 1st quarter. Bank of New York Mellon Corp now owns 612,601 shares of the fintech holding company’s stock worth $17,576,000 after purchasing an additional 141,221 shares during the last quarter. Dean Capital Management increased its stake in shares of PROG by 310.2% during the 1st quarter. Dean Capital Management now owns 57,368 shares of the fintech holding company’s stock worth $1,646,000 after purchasing an additional 43,384 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of PROG by 30.4% in the 1st quarter. Empowered Funds LLC now owns 174,335 shares of the fintech holding company’s stock valued at $5,002,000 after purchasing an additional 40,605 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.

About PROG

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.