Insider Selling: PROG (NYSE:PRG) Insider Sells $49,220.00 in Stock

PROG Holdings, Inc (NYSE:PRG) insider Michael Todd King sold 1,070 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total transaction of $49,220.00. Following the transaction, the insider directly owned 60,825 shares of the company’s stock, valued at $2,797,950. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Todd King also recently made the following trade(s):

• On Tuesday, August 4th, Michael Todd King sold 930 shares of PROG stock. The stock was sold at an average price of $46.00, for a total value of $42,780.00.

PROG Trading Down 1.5%

Shares of PRG stock opened at $42.79 on Friday. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.82 and a beta of 1.79. PROG Holdings, Inc has a 12-month low of $25.80 and a 12-month high of $47.73. The stock’s 50-day moving average price is $42.06 and its 200-day moving average price is $35.89.

PROG (NYSE:PRG) last announced its quarterly earnings results 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. The company had revenue of $719.72 million during the quarter, compared to analyst estimates of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%.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 research analysts predict that PROG Holdings, Inc will post 4.95 EPS for the current fiscal year.

PROG Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on PRG. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Wall Street Zen raised shares of PROG from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Jefferies Financial Group raised PROG from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $60.00 in a research note on Wednesday, July 8th. Raymond James Financial restated an “outperform” rating and set a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. Finally, KeyCorp raised their price objective on PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, PROG presently has an average rating of “Moderate Buy” and a consensus target price of $49.44.

Institutional Investors Weigh In On PROG

Several institutional investors have recently made changes to their positions in PRG. Quarry LP boosted its stake in shares of PROG by 82.8% during the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after purchasing an additional 506 shares during the period. Global Assets Advisory LLC purchased a new stake in PROG in the 1st quarter worth about $38,000. Federation des caisses Desjardins du Quebec bought a new stake in PROG in the fourth quarter worth about $44,000. WealthCollab LLC boosted its position in shares of PROG by 61.9% during the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after buying an additional 800 shares during the period. Finally, Strs Ohio purchased a new position in shares of PROG during the first quarter valued at approximately $129,000. Institutional investors own 97.92% of the company’s stock.

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.