ProShare Advisors LLC Buys 5,298 Shares of The Progressive Corporation $PGR

ProShare Advisors LLC lifted its stake in The Progressive Corporation (NYSE:PGR) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,465 shares of the insurance provider’s stock after acquiring an additional 5,298 shares during the quarter. ProShare Advisors LLC’s holdings in Progressive were worth $29,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Illinois Municipal Retirement Fund grew its stake in shares of Progressive by 30.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 102,778 shares of the insurance provider’s stock valued at $25,381,000 after purchasing an additional 23,833 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Progressive by 471.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 22,496 shares of the insurance provider’s stock worth $5,556,000 after purchasing an additional 18,558 shares during the period. Prospera Financial Services Inc boosted its holdings in shares of Progressive by 36.9% in the third quarter. Prospera Financial Services Inc now owns 19,240 shares of the insurance provider’s stock worth $4,752,000 after buying an additional 5,184 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in Progressive during the third quarter valued at approximately $64,063,000. Finally, Federated Hermes Inc. grew its position in Progressive by 19.9% during the third quarter. Federated Hermes Inc. now owns 629,095 shares of the insurance provider’s stock valued at $155,355,000 after buying an additional 104,563 shares during the period. 85.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PGR has been the topic of several recent research reports. Morgan Stanley decreased their price target on shares of Progressive from $205.00 to $190.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Zacks Research raised shares of Progressive from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Roth Mkm set a $235.00 price objective on Progressive in a research note on Thursday, February 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $225.00 target price on shares of Progressive in a report on Monday, February 23rd. Finally, Citigroup cut their price target on Progressive from $300.60 to $261.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Six 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $238.33.

Insiders Place Their Bets

In related news, CIO Jonathan S. Bauer sold 2,266 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $203.05, for a total transaction of $460,111.30. Following the completion of the sale, the executive owned 26,250 shares in the company, valued at approximately $5,330,062.50. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Carl G. Joyce sold 270 shares of Progressive stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $206.50, for a total value of $55,755.00. Following the sale, the chief accounting officer directly owned 558 shares in the company, valued at $115,227. This trade represents a 32.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 6,933 shares of company stock worth $1,441,564. 0.32% of the stock is currently owned by insiders.

Progressive Stock Performance

Shares of NYSE PGR opened at $202.79 on Thursday. The firm has a fifty day moving average price of $200.65 and a 200-day moving average price of $210.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market cap of $118.50 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 5.86 and a beta of 0.31. The Progressive Corporation has a 1 year low of $191.75 and a 1 year high of $289.96.

Progressive (NYSE:PGR) last released its earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.13. The company had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $23.51 billion. Progressive had a net margin of 12.92% and a return on equity of 33.47%. Progressive’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.37 EPS. Equities analysts anticipate that The Progressive Corporation will post 16.4 earnings per share for the current fiscal year.

Progressive Announces Dividend

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

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: April net premiums written rose 6% year over year to $7.28 billion, while net premiums earned increased 7%, signaling continued top-line growth for Progressive’s insurance business. Progressive Reports April 2026 Results
• Positive Sentiment: Net income increased 10% to $1.09 billion, and earnings per share rose 11% to $1.86, showing stronger profitability year over year. Progressive Releases April 2026 Financial Results Update
• Positive Sentiment: Policies in force grew 8% to 39.77 million, with strength in personal auto and commercial lines suggesting the company is still expanding its customer base. The Progressive Corporation Reports April 2026 Financial Results with Increased Net Income and Premium Growth
• Neutral Sentiment: The combined ratio worsened to 90.2 from 84.9 a year earlier, indicating less favorable underwriting performance and a possible margin headwind.
• Neutral Sentiment: Investor attention has also been elevated, with the stock among the more closely watched names recently, but that alone does not change fundamentals.
• Negative Sentiment: A higher combined ratio and reliance on large securities gains to support earnings may raise questions about how sustainable recent profitability is if investment income normalizes. Progressive sees 6% Y/Y increase in April net premiums written

Progressive Profile

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.