276,435 Shares in The Progressive Corporation $PGR Purchased by Consulta Ltd

Posted by Kyle Jackson on Jun 18th, 2026

Consulta Ltd purchased a new stake in shares of The Progressive Corporation (NYSE:PGR – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 276,435 shares of the insurance provider’s stock, valued at approximately $62,950,000. Progressive makes up about 3.1% of Consulta Ltd’s holdings, making the stock its 13th largest holding.

Other hedge funds have also modified their holdings of the company. Bard Associates Inc. purchased a new stake in shares of Progressive during the fourth quarter valued at about $27,000. Dagco Inc. purchased a new stake in shares of Progressive during the fourth quarter valued at about $28,000. Ameriflex Group Inc. lifted its position in shares of Progressive by 106.6% during the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of Progressive during the fourth quarter valued at about $29,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of Progressive during the fourth quarter valued at about $33,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Progressive Stock Down 0.0%

PGR stock 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 firm’s fifty day moving average is $199.73 and its 200 day moving average is $207.42. The firm 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.

Progressive (NYSE:PGR – Get Free Report) last posted its earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. During the same period in the prior year, the company posted $4.37 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts forecast that The Progressive Corporation will post 16.34 EPS for the current year.

Progressive Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group increased their price target on shares of Progressive from $218.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Roth Mkm set a $235.00 price objective on shares of Progressive in a research report on Thursday, February 19th. Evercore reaffirmed a “negative” rating on shares of Progressive in a research report on Wednesday, March 18th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $220.00 price objective on shares of Progressive in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada set a $208.00 target price on Progressive in a report on Friday, May 22nd. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $238.11.

Read Our Latest Research Report on Progressive

Insider Buying and Selling at Progressive

In other Progressive news, insider John Jo Murphy sold 5,916 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $1,183,200.00. Following the sale, the insider directly owned 41,290 shares of the company’s stock, valued at approximately $8,258,000. This trade represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,157 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $231,400.00. Following the transaction, the insider directly owned 28,668 shares of the company’s stock, valued at approximately $5,733,600. The trade was a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,343 shares of company stock valued at $1,470,355. Company insiders own 0.32% of the company’s stock.

Progressive News Roundup

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”

About Progressive

(Free Report)

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.