Chilton Investment Co. Inc. Buys 96,238 Shares of The Progressive Corporation $PGR

Chilton Investment Co. Inc. lifted its stake in shares of The Progressive Corporation (NYSE:PGR) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 656,569 shares of the insurance provider’s stock after purchasing an additional 96,238 shares during the quarter. Progressive accounts for about 3.3% of Chilton Investment Co. Inc.’s portfolio, making the stock its 9th largest position. Chilton Investment Co. Inc. owned about 0.11% of Progressive worth $162,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Davis Capital Management acquired a new stake in Progressive in the third quarter valued at approximately $25,000. Ameriflex Group Inc. increased its holdings in shares of Progressive by 106.6% during the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Progressive in the 2nd quarter valued at $34,000. TruNorth Capital Management LLC lifted its stake in shares of Progressive by 450.0% in the 3rd quarter. TruNorth Capital Management LLC now owns 165 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 135 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Progressive by 41.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 196 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

Insider Buying and Selling

In other Progressive news, CIO Jonathan S. Bauer sold 3,105 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $204.35, for a total transaction of $634,506.75. Following the completion of the transaction, the executive owned 26,249 shares in the company, valued at approximately $5,363,983.15. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew J. Quigg sold 1,649 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $336,973.15. Following the completion of the transaction, the insider owned 39,626 shares in the company, valued at $8,097,573.10. This trade represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,761 shares of company stock valued at $2,659,420 over the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and other outlets continue to highlight Progressive as an attractive insurance investment, reaffirming confidence in the company’s strong 2025 results and long-term growth prospects. Goldman Sachs Names The Progressive Corporation (PGR) among Appealing Insurance Investments
• Positive Sentiment: MarketBeat’s roundup places Progressive alongside Chubb and Arch as defensive, cash-generative insurers benefiting from steady premiums and rising investment income—supporting investor interest in PGR as a sector play. Looking to Insure Your Portfolio? Start With These 3 Stocks
• Neutral Sentiment: Comparative analysis pieces reviewing Progressive vs. peers provide context for investors but contain no new company-specific catalysts; useful for positioning and valuation checks. Head-To-Head Analysis: First American Financial (NYSE:FAF) & Progressive (NYSE:PGR)
• Neutral Sentiment: Press about Progressive Planet Solutions (a different ticker, PLAN) reporting record Q3 revenue is unrelated to PGR’s fundamentals but can cause occasional ticker-confusion among retail investors. Progressive Planet Posts Record Q3 Revenue but Takes One-Time Charges to Fund Growth
• Negative Sentiment: Progressive announced that CFO John Sauerland will retire after a 35-year tenure. Leadership transitions at the finance level can raise short-term uncertainty around execution and capital allocation. Progressive (PGR) CFO John Sauerland to Retire After 35-Year Tenure
• Negative Sentiment: BMO Capital Markets cut its PGR price target to $208, signaling reduced near-term upside and contributing to analyst-driven selling pressure. Progressive (NYSE:PGR) Price Target Cut to $208.00 by Analysts at BMO Capital Markets
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock, adding to downside sentiment from institutional analysts. Bank of America Issues Pessimistic Forecast for Progressive (NYSE:PGR) Stock Price
• Negative Sentiment: Some commentary (The Motley Fool) suggests Progressive’s exceptional 2025 results “may have been too good to last,” raising concerns about reversion to mean in underwriting or investment results. 3 Dirt-Cheap Stocks to Buy With $1,000 Right Now

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PGR shares. Morgan Stanley reduced their price objective on Progressive from $214.00 to $205.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 28th. Mizuho set a $240.00 price target on Progressive in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Progressive in a report on Monday, December 29th. Wells Fargo & Company lowered their price objective on Progressive from $220.00 to $214.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price objective on shares of Progressive in a report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $241.94.

Progressive Stock Up 0.0%

Shares of PGR opened at $205.22 on Friday. The stock’s 50-day moving average price is $206.96 and its two-hundred day moving average price is $222.48. The Progressive Corporation has a 12 month low of $197.92 and a 12 month high of $292.99. The company has a market capitalization of $120.24 billion, a PE ratio of 10.67, a PEG ratio of 8.94 and a beta of 0.33. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23.

Progressive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be paid 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 of this dividend is Thursday, April 2nd. Progressive’s payout ratio is currently 2.08%.

About Progressive

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.