25,600 Shares in The Progressive Corporation $PGR Bought by Fairholme Capital Management LLC

Fairholme Capital Management LLC acquired a new stake in shares of The Progressive Corporation (NYSE:PGR) in the 4th quarter, Holdings Channel reports. The firm acquired 25,600 shares of the insurance provider’s stock, valued at approximately $5,830,000. Progressive accounts for about 0.4% of Fairholme Capital Management LLC’s holdings, making the stock its 6th biggest position.

Several other institutional investors have also bought and sold shares of PGR. Norges Bank bought a new position in Progressive during the fourth quarter valued at $1,836,094,000. Capital International Investors increased its stake in Progressive by 78.9% in the 3rd quarter. Capital International Investors now owns 13,704,197 shares of the insurance provider’s stock worth $3,384,082,000 after buying an additional 6,045,732 shares during the period. Capital Research Global Investors grew its holdings in Progressive by 26.1% during the 3rd quarter. Capital Research Global Investors now owns 11,167,940 shares of the insurance provider’s stock worth $2,757,905,000 after acquiring an additional 2,314,864 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new position in Progressive during the 4th quarter worth about $353,906,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Progressive by 193.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,206,742 shares of the insurance provider’s stock worth $502,519,000 after acquiring an additional 1,454,111 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported solid May 2026 results, with net premiums written up 6%, net premiums earned up 10%, net income up 36%, and the combined ratio improving to 82.1 from 86.9 a year ago, signaling stronger profitability and underwriting performance. Progressive Reports May 2026 Results
• Positive Sentiment: Policies in force rose 8% year over year to 39.97 million, showing continued growth in Progressive’s auto and personal lines business. Progressive names new leadership structure as profit jumps
• Positive Sentiment: BofA reportedly raised its price target on PGR to $331 and kept a Buy rating, reinforcing the bullish case after the strong monthly update. BofA Raises PT on The Progressive Corporation (PGR) Stock
• Neutral Sentiment: Progressive announced management changes, including the planned January 2027 retirement of Personal Lines President Pat Callahan and new roles for Lori Niederst and Heather Day; the succession plan is orderly, but it adds a layer of transition risk. Progressive Announces Management Changes
• Negative Sentiment: Jim Cramer said the “group is under a lot of pressure,” reflecting broader investor concern that auto insurers like Progressive may face margin pressure if inflation or claims trends worsen. Jim Cramer on Progressive Corporation: “That Group Is Under a Lot of Pressure”

Progressive Price Performance

NYSE:PGR opened at $204.64 on Thursday. The Progressive Corporation has a one year low of $189.20 and a one year high of $267.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $119.58 billion, a PE ratio of 10.40, a P/E/G ratio of 5.93 and a beta of 0.28. The stock has a 50 day moving average price of $199.73 and a 200 day moving average price of $207.42.

Progressive (NYSE:PGR) last posted its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, beating the consensus estimate of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The firm had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $23.51 billion. During the same quarter last year, the firm earned $4.37 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts expect that The Progressive Corporation will post 16.34 EPS for the current fiscal year.

Progressive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s payout ratio is presently 2.03%.

Analyst Ratings Changes

PGR has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of Progressive from $218.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. BMO Capital Markets reiterated a “market perform” rating and issued a $220.00 target price on shares of Progressive in a research note on Wednesday, May 20th. The Goldman Sachs Group reissued a “buy” rating and set a $225.00 price target on shares of Progressive in a research report on Monday, February 23rd. Evercore reissued a “negative” rating on shares of Progressive in a research report on Wednesday, March 18th. Finally, Morgan Stanley cut their target price on shares of Progressive from $205.00 to $190.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Progressive presently has a consensus rating of “Hold” and a consensus target price of $238.11.

Insider Activity

In other news, CAO Carl G. Joyce sold 270 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $206.50, for a total transaction of $55,755.00. Following the transaction, the chief accounting officer owned 558 shares of the company’s stock, valued at approximately $115,227. The trade was a 32.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven Broz sold 1,157 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $200.00, for a total transaction of $231,400.00. Following the transaction, the insider directly owned 28,668 shares in the company, valued at approximately $5,733,600. The trade was a 3.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 7,343 shares of company stock valued at $1,470,355. 0.32% of the stock is currently owned by insiders.

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.