Trillium Asset Management LLC Acquires Shares of 40,082 The Progressive Corporation $PGR

Trillium Asset Management LLC bought a new position in shares of The Progressive Corporation (NYSE:PGR) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 40,082 shares of the insurance provider’s stock, valued at approximately $8,756,000.

Several other institutional investors have also modified their holdings of PGR. Brighton Jones LLC grew its stake in Progressive by 15.6% during the 4th quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock valued at $813,000 after purchasing an additional 457 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Progressive in the 4th quarter valued at approximately $269,000. Bison Wealth LLC raised its position in shares of Progressive by 3.2% in the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock valued at $615,000 after purchasing an additional 80 shares in the last quarter. HUB Investment Partners LLC boosted its stake in shares of Progressive by 7.8% during the 2nd quarter. HUB Investment Partners LLC now owns 2,282 shares of the insurance provider’s stock valued at $609,000 after buying an additional 166 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its position in shares of Progressive by 12.0% during the second quarter. Diversify Wealth Management LLC now owns 15,146 shares of the insurance provider’s stock worth $3,681,000 after buying an additional 1,622 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Activity

In other news, Director Jeffrey D. Kelly sold 7,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the completion of the transaction, the director owned 22,546 shares in the company, valued at approximately $4,877,376.18. This represents a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Jo Murphy sold 8,124 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $212.70, for a total transaction of $1,727,974.80. Following the completion of the sale, the insider directly owned 41,291 shares in the company, valued at approximately $8,782,595.70. This trade represents a 16.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 82,224 shares of company stock worth $17,416,438 over the last 90 days. Insiders own 0.32% of the company’s stock.

Progressive Trading Up 1.5%

Progressive stock opened at $220.60 on Friday. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $252.82. The firm’s 50-day moving average is $215.20 and its 200-day moving average is $206.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $128.25 billion, a P/E ratio of 11.06, a PEG ratio of 2.93 and a beta of 0.27.

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

Progressive Announces Dividend

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

Wall Street Analyst Weigh In

PGR has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Progressive in a research note on Monday, August 3rd. Roth Capital reiterated a “buy” rating and set a $245.00 price objective on shares of Progressive in a research note on Thursday. HSBC upped their price objective on Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Morgan Stanley raised Progressive from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $190.00 to $210.00 in a report on Friday, July 24th. Finally, William Blair reiterated a “market perform” rating on shares of Progressive in a research report on Wednesday, July 15th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Progressive has a consensus rating of “Hold” and an average price target of $236.05.

Trending Headlines about Progressive

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.

Progressive Company 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.