PROG Holdings, Inc $PRG Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in PROG Holdings, Inc (NYSE:PRG) by 143.0% during the second quarter, Holdings Channel reports. The institutional investor owned 107,278 shares of the fintech holding company’s stock after purchasing an additional 63,128 shares during the quarter. Squarepoint Ops LLC’s holdings in PROG were worth $5,000,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Quarry LP lifted its holdings in PROG by 82.8% in the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after acquiring an additional 506 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of PROG during the 1st quarter worth $38,000. Allworth Financial LP grew its stake in shares of PROG by 61.9% during the 2nd quarter. Allworth Financial LP now owns 897 shares of the fintech holding company’s stock worth $42,000 after purchasing an additional 343 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of PROG during the 2nd quarter worth $44,000. Finally, Federation des caisses Desjardins du Quebec purchased a new position in shares of PROG in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

PROG Trading Down 0.6%

Shares of PRG stock opened at $36.91 on Friday. The stock has a market cap of $1.47 billion, a P/E ratio of 10.20 and a beta of 1.76. The company has a quick ratio of 2.29, a current ratio of 4.03 and a debt-to-equity ratio of 1.10. PROG Holdings, Inc has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The business has a fifty day simple moving average of $42.10 and a 200-day simple moving average of $36.88.

PROG (NYSE:PRG) last released its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.95 by $0.24. The business had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. 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 4.95 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. Shareholders 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 dividend on an annualized basis and a yield of 1.5%. PROG’s payout ratio is presently 15.47%.

Analyst Ratings Changes

Several analysts recently commented on the stock. B. Riley Financial raised their price objective on shares of PROG from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Loop Capital lowered shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research report on Wednesday, July 1st. Weiss Ratings raised shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Zacks Research upgraded shares of PROG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, TD Cowen boosted their price target on PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, PROG presently has an average rating of “Moderate Buy” and an average target price of $49.44.

Insider Activity

In other PROG news, CAO George M. Sewell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total value of $91,060.00. Following the sale, the chief accounting officer owned 28,385 shares of the company’s stock, valued at $1,292,369.05. This represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael King sold 1,070 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total transaction of $49,220.00. Following the completion of the sale, the insider owned 60,825 shares in the company, valued at $2,797,950. This represents a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,000 shares of company stock worth $183,060 in the last ninety days. Insiders own 3.72% of the company’s stock.

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.