Crossmark Global Holdings Inc. Sells 8,125 Shares of The Progressive Corporation $PGR

Crossmark Global Holdings Inc. reduced its position in The Progressive Corporation (NYSE:PGR) by 7.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 106,682 shares of the insurance provider’s stock after selling 8,125 shares during the period. Crossmark Global Holdings Inc.’s holdings in Progressive were worth $26,345,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Progressive in the second quarter worth $2,156,939,000. Alliancebernstein L.P. boosted its position in shares of Progressive by 32.8% in the 2nd quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock worth $2,928,141,000 after purchasing an additional 2,709,417 shares in the last quarter. Vanguard Group Inc. grew its stake in Progressive by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 54,516,288 shares of the insurance provider’s stock worth $14,548,217,000 after buying an additional 493,332 shares during the last quarter. Temasek Holdings Private Ltd acquired a new position in Progressive during the 2nd quarter valued at about $117,057,000. Finally, First Trust Advisors LP increased its position in Progressive by 154.3% during the 2nd quarter. First Trust Advisors LP now owns 673,646 shares of the insurance provider’s stock valued at $179,769,000 after buying an additional 408,779 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

Progressive News Roundup

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Piper Sandler reaffirmed a Buy rating on PGR, a vote of confidence from a major broker that can support demand for the shares. Piper Sandler Reaffirms Their Buy Rating on Progressive (PGR)
• Positive Sentiment: Company Q4 2025 commentary highlighted record growth and strategic progress, suggesting operating momentum that could support earnings going forward. Progressive Corp (PGR) Q4 2025 Earnings Call Highlights: Record Growth and Strategic …
• Neutral Sentiment: Full Q4 2025 earnings call transcript is available for investors to review management’s detail on underwriting, reserve development and strategic initiatives — useful for assessing forward guidance but not a direct market catalyst by itself. The Progressive Corporation (PGR) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: The Q4 earnings presentation provides slides and metrics investors can use to dig into loss ratios, premiums written and reserve trends — informational but not itself a directional trigger. The Progressive Corporation 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Commentary pieces are debating whether the ~19.8% one-year decline creates a value opportunity; such narratives can attract long-term buyers but don’t guarantee near-term upside. Is Progressive (PGR) Attractive After A 1-Year 19.8% Share Price Decline
• Neutral Sentiment: A news roundup referenced political coverage unrelated to Progressive’s business — unlikely to affect the stock. Crockett vs. Talarico. Progressive vs. Moderate. Right? – The New York Times
• Negative Sentiment: Analysts and commentary note PGR has been underperforming the broader financial/insurance sector, which can trigger rotation out of the stock by momentum-focused investors. Progressive Stock: Is PGR Underperforming the Financial Sector?
• Negative Sentiment: Consensus brokerage coverage is centered around a “Hold” recommendation, limiting fresh buy-side conviction despite some buy-side reaffirmations. The Progressive Corporation (NYSE:PGR) Given Consensus Recommendation of “Hold” by Brokerages

Insider Activity

In related news, insider Steven Broz sold 1,344 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $224.80, for a total transaction of $302,131.20. Following the sale, the insider directly owned 26,354 shares of the company’s stock, valued at approximately $5,924,379.20. This represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Maribel Pumarejo sold 739 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $203.25, for a total transaction of $150,201.75. The disclosure for this sale is available in the SEC filing. Insiders sold 9,103 shares of company stock worth $1,883,924 over the last 90 days. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PGR. UBS Group dropped their price target on Progressive from $226.00 to $218.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $225.00 target price on shares of Progressive in a research report on Monday, February 23rd. Mizuho set a $240.00 price target on shares of Progressive in a research note on Wednesday, January 14th. Piper Sandler reiterated an “overweight” rating and set a $259.00 price objective on shares of Progressive in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Progressive in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $245.50.

Progressive Stock Performance

NYSE PGR opened at $211.40 on Thursday. The firm has a market capitalization of $123.86 billion, a P/E ratio of 10.99, a PEG ratio of 9.32 and a beta of 0.33. The stock has a 50-day simple moving average of $209.65 and a two-hundred day simple moving average of $224.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 0.35. The Progressive Corporation has a fifty-two week low of $197.92 and a fifty-two week high of $292.99.

Progressive Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, January 2nd. Progressive’s dividend payout ratio is currently 2.08%.

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.