Public Employees Retirement System of Ohio Purchases Shares of 42,578 PROG Holdings, Inc $PRG

Public Employees Retirement System of Ohio purchased a new stake in shares of PROG Holdings, Inc (NYSE:PRG) in the 2nd quarter, Holdings Channel reports. The fund purchased 42,578 shares of the fintech holding company’s stock, valued at approximately $1,985,000.

Several other institutional investors have also recently made changes to their positions in PRG. Royal Bank of Canada grew its position in PROG by 23.4% during the first quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock valued at $955,000 after buying an additional 6,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in PROG by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock worth $648,000 after acquiring an additional 1,162 shares during the period. Millennium Management LLC boosted its stake in shares of PROG by 62.7% during the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after acquiring an additional 259,630 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of PROG by 5.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock worth $8,342,000 after acquiring an additional 16,126 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of PROG during the 1st quarter valued at $233,000. Institutional investors own 97.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PRG. Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. KeyCorp boosted their price target on PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. B. Riley Financial upped their price target on PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Zacks Research raised PROG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Loop Capital downgraded PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, PROG currently has an average rating of “Moderate Buy” and a consensus price target of $49.44.

Insider Activity

In related news, CAO George M. Sewell sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total value of $91,060.00. Following the transaction, the chief accounting officer directly owned 28,385 shares of the company’s stock, valued at approximately $1,292,369.05. The trade was a 6.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael King sold 1,070 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total value of $49,220.00. Following the completion of the transaction, the insider owned 60,825 shares of the company’s stock, valued at $2,797,950. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,000 shares of company stock valued at $183,060 in the last quarter. 3.72% of the stock is currently owned by company insiders.

PROG Stock Up 0.2%

PRG opened at $39.37 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.29 and a current ratio of 4.03. PROG Holdings, Inc has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The firm’s fifty day moving average is $42.86 and its 200 day moving average is $36.88. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 10.88 and a beta of 1.76.

PROG (NYSE:PRG) last issued its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. The business 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. On average, sell-side analysts forecast that PROG Holdings, Inc will post 4.95 earnings per share for the current fiscal year.

PROG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. PROG’s dividend payout ratio (DPR) is currently 15.47%.

About PROG

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.