Mirae Asset Global Investments Co. Ltd. Has $29.84 Million Position in The Progressive Corporation $PGR

Mirae Asset Global Investments Co. Ltd. boosted its holdings in The Progressive Corporation (NYSE:PGR) by 19.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,844 shares of the insurance provider’s stock after acquiring an additional 19,268 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Progressive were worth $29,842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PGR. Davis Capital Management acquired a new stake in shares of Progressive during the 3rd quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new position in Progressive in the 2nd quarter valued at about $33,000. Westside Investment Management Inc. lifted its position in Progressive by 900.0% during the second quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 117 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Progressive during the second quarter worth approximately $34,000. Finally, Richardson Financial Services Inc. grew its position in shares of Progressive by 1,885.7% in the second quarter. Richardson Financial Services Inc. now owns 139 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PGR. Jefferies Financial Group reissued a “hold” rating on shares of Progressive in a report on Wednesday, December 17th. Raymond James Financial dropped their target price on Progressive from $305.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Progressive in a research note on Monday, December 29th. Bank of America lowered their price target on shares of Progressive from $350.00 to $348.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Finally, Hsbc Global Res downgraded shares of Progressive from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $257.27.

Progressive Price Performance

Shares of NYSE:PGR opened at $208.04 on Friday. The firm has a 50 day moving average of $219.97 and a 200-day moving average of $231.18. The Progressive Corporation has a 12 month low of $198.50 and a 12 month high of $292.99. The company has a current ratio of 0.38, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $121.99 billion, a PE ratio of 10.81, a PEG ratio of 1.30 and a beta of 0.34.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio is presently 2.19%.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 results beat expectations — EPS and revenue topped consensus, underwriting remained disciplined with a strong combined ratio, and management highlighted policy/premium momentum and margin focus. This supports the case for sustained profitability. Zacks: Q4 Earnings
• Positive Sentiment: At least one major firm (Bank of America) reiterated a Buy and raised its price target, citing sustained policy momentum and elevated profitability — a bullish analyst view that supports upside vs. many peers. TipRanks: BofA Buy Rating
• Neutral Sentiment: Management announced CFO John Sauerland will retire July 3, 2026, with Chief Strategy Officer Andrew Quigg slated to succeed him; the internal succession plan aims to ensure continuity, which reduces leadership-transition risk but still adds short-term uncertainty. GlobeNewswire: CFO Transition
• Negative Sentiment: Multiple analysts trimmed forecasts and lowered price targets (Wells Fargo to $220, BMO to $232) and at least one shop cut its rating; Zacks moved to a more negative stance — these downgrades and lower targets appear to be the primary driver of selling pressure despite the beat. Benzinga: Analyst Moves The Fly: BMO Target Cut

Insiders Place Their Bets

In related news, CIO Jonathan S. Bauer sold 3,105 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $634,506.75. Following the sale, the executive directly owned 26,249 shares of the company’s stock, valued at $5,363,983.15. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven Broz sold 1,344 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $224.80, for a total value of $302,131.20. Following the transaction, the insider directly owned 26,354 shares of the company’s stock, valued at approximately $5,924,379.20. The trade was a 4.85% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,788 shares of company stock worth $3,018,961. 0.34% of the stock is owned by company insiders.

Progressive Company 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.