Ceredex Value Advisors LLC Purchases New Holdings in The Progressive Corporation $PGR

Ceredex Value Advisors LLC acquired a new position in The Progressive Corporation (NYSE:PGR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 125,101 shares of the insurance provider’s stock, valued at approximately $27,328,000.

Several other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of Progressive during the second quarter valued at approximately $26,000. Bard Associates Inc. bought a new stake in shares of Progressive during the 4th quarter worth approximately $27,000. IMG Wealth Management Inc. bought a new stake in shares of Progressive during the 2nd quarter worth approximately $26,000. Bogart Wealth LLC boosted its holdings in Progressive by 235.1% during the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares during the period. Finally, Kilter Group LLC purchased a new position in Progressive during the 2nd quarter valued at $27,000. Institutional investors own 85.34% of the company’s stock.

Insiders Place Their Bets

In other news, CIO Jonathan S. Bauer sold 2,242 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $212.71, for a total value of $476,895.82. Following the completion of the sale, the executive owned 26,250 shares in the company, valued at approximately $5,583,637.50. The trade was a 7.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lori A. Niederst sold 7,339 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $209.29, for a total transaction of $1,535,979.31. Following the transaction, the insider owned 42,567 shares in the company, valued at approximately $8,908,847.43. This represents a 14.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 82,224 shares of company stock worth $17,416,438. 0.32% of the stock is owned by corporate insiders.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded PGR to “outperform” from “market perform” and raised its price target to $250 from $226, implying meaningful upside from recent trading levels. KBW upgrades Progressive
• Positive Sentiment: July operating growth remained solid: net premiums written and earned both rose 5% year over year, while total policies in force increased 7% to 40.3 million. Personal auto policies were particularly strong, with direct auto policies up 9%. Progressive July 2026 results
• Neutral Sentiment: Analyst views remain mixed. Wells Fargo raised its price target modestly to $201 from $198 but retained an “underweight” rating, while William Blair maintained a “hold” stance, citing earnings deceleration and slower growth. Wells Fargo rating update
• Negative Sentiment: July earnings weakened despite premium growth. Net income fell 12% to $961 million and earnings per share declined 11% to $1.65. The combined ratio worsened to 86.8 from 85.3, indicating lower underwriting profitability, while realized securities results swung to a $47 million loss from a $79 million gain. Progressive July earnings analysis
• Negative Sentiment: Reported insider activity may weigh on sentiment: available data showed multiple company insiders selling shares over the past six months and no reported insider purchases.

Wall Street Analyst Weigh In

PGR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Progressive from $250.00 to $241.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Jefferies Financial Group restated a “hold” rating and issued a $228.00 price target on shares of Progressive in a report on Wednesday. Keefe, Bruyette & Woods raised shares of Progressive from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $226.00 to $250.00 in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Progressive in a report on Monday, August 3rd. Finally, UBS Group boosted their price objective on shares of Progressive from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Seven equities 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 company’s stock. According to data from MarketBeat.com, Progressive presently has a consensus rating of “Hold” and an average target price of $236.05.

Progressive Price Performance

Shares of PGR stock opened at $220.60 on Friday. The Progressive Corporation has a twelve month low of $189.20 and a twelve month high of $252.82. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $215.20 and a two-hundred day simple moving average of $206.55. The stock has a market capitalization of $128.25 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 2.93 and a beta of 0.27.

Progressive (NYSE:PGR) last announced its quarterly earnings results on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, beating the consensus estimate of $4.64 by $1.03. The firm had revenue of $23.61 billion for the quarter, compared to analyst estimates of $19.49 billion. Progressive had a return on equity of 32.92% and a net margin of 12.84%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.40 earnings per share. On average, analysts predict that The Progressive Corporation will post 17.55 EPS for the current fiscal year.

Progressive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, October 1st. Progressive’s dividend payout ratio is presently 2.01%.

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.