Healthcare of Ontario Pension Plan Trust Fund Cuts Stock Holdings in PROG Holdings, Inc $PRG

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in PROG Holdings, Inc (NYSE:PRG) by 33.6% during the 1st quarter, Holdings Channel reports. The fund owned 87,838 shares of the fintech holding company’s stock after selling 44,490 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in PROG were worth $2,520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in PROG by 2.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the fintech holding company’s stock valued at $389,000 after purchasing an additional 344 shares during the period. HB Wealth Management LLC raised its position in PROG by 1.7% in the 1st quarter. HB Wealth Management LLC now owns 21,470 shares of the fintech holding company’s stock valued at $616,000 after purchasing an additional 359 shares in the last quarter. Quarry LP raised its position in PROG by 82.8% in the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after purchasing an additional 506 shares in the last quarter. Horizon Investments LLC boosted its stake in shares of PROG by 2.6% in the 4th quarter. Horizon Investments LLC now owns 20,948 shares of the fintech holding company’s stock valued at $618,000 after buying an additional 537 shares during the period. Finally, WealthCollab LLC boosted its stake in shares of PROG by 28.1% in the 3rd quarter. WealthCollab LLC now owns 2,680 shares of the fintech holding company’s stock valued at $87,000 after buying an additional 588 shares during the period. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

PROG Stock Up 2.1%

Shares of NYSE PRG opened at $43.88 on Friday. The business has a 50-day moving average of $41.19 and a two-hundred day moving average of $35.44. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 12.12 and a beta of 1.78. PROG Holdings, Inc has a 1 year low of $25.80 and a 1 year high of $47.73. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.41.

PROG (NYSE:PRG) last released its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, beating 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 for 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. On average, analysts forecast that PROG Holdings, Inc will post 4.99 earnings per share for the current fiscal year.

PROG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. PROG’s dividend payout ratio is 15.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PRG shares. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. KeyCorp raised their target price on shares of PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday. Wall Street Zen upgraded shares of PROG from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Raymond James Financial reiterated an “outperform” rating and set a $45.00 price target on shares of PROG in a report on Thursday, April 30th. Finally, TD Cowen increased their price objective on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.44.

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.