Earnest Partners LLC Sells 25,310 Shares of The Progressive Corporation $PGR

Earnest Partners LLC reduced its position in shares of The Progressive Corporation (NYSE:PGR) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 371,098 shares of the insurance provider’s stock after selling 25,310 shares during the quarter. Earnest Partners LLC’s holdings in Progressive were worth $91,643,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Davis Capital Management bought a new stake in Progressive during the third quarter valued at approximately $25,000. Ameriflex Group Inc. boosted its stake in shares of Progressive by 106.6% during the 3rd quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in shares of Progressive during the 2nd quarter worth $34,000. TruNorth Capital Management LLC grew its position in shares of Progressive by 450.0% during the 3rd quarter. TruNorth Capital Management LLC now owns 165 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 135 shares during the period. Finally, Richardson Financial Services Inc. increased its stake in shares of Progressive by 41.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 196 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PGR. Argus raised Progressive to a “hold” rating in a report on Thursday, March 5th. Mizuho set a $240.00 price target on Progressive in a research report on Wednesday, January 14th. Bank of America decreased their price objective on Progressive from $315.00 to $308.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Roth Mkm set a $235.00 price objective on Progressive in a research report on Thursday, February 19th. Finally, Evercore set a $230.00 target price on shares of Progressive in a report on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $241.94.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and other outlets continue to highlight Progressive as an attractive insurance investment, reaffirming confidence in the company’s strong 2025 results and long-term growth prospects. Goldman Sachs Names The Progressive Corporation (PGR) among Appealing Insurance Investments
• Positive Sentiment: MarketBeat’s roundup places Progressive alongside Chubb and Arch as defensive, cash-generative insurers benefiting from steady premiums and rising investment income—supporting investor interest in PGR as a sector play. Looking to Insure Your Portfolio? Start With These 3 Stocks
• Neutral Sentiment: Comparative analysis pieces reviewing Progressive vs. peers provide context for investors but contain no new company-specific catalysts; useful for positioning and valuation checks. Head-To-Head Analysis: First American Financial (NYSE:FAF) & Progressive (NYSE:PGR)
• Neutral Sentiment: Press about Progressive Planet Solutions (a different ticker, PLAN) reporting record Q3 revenue is unrelated to PGR’s fundamentals but can cause occasional ticker-confusion among retail investors. Progressive Planet Posts Record Q3 Revenue but Takes One-Time Charges to Fund Growth
• Negative Sentiment: Progressive announced that CFO John Sauerland will retire after a 35-year tenure. Leadership transitions at the finance level can raise short-term uncertainty around execution and capital allocation. Progressive (PGR) CFO John Sauerland to Retire After 35-Year Tenure
• Negative Sentiment: BMO Capital Markets cut its PGR price target to $208, signaling reduced near-term upside and contributing to analyst-driven selling pressure. Progressive (NYSE:PGR) Price Target Cut to $208.00 by Analysts at BMO Capital Markets
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock, adding to downside sentiment from institutional analysts. Bank of America Issues Pessimistic Forecast for Progressive (NYSE:PGR) Stock Price
• Negative Sentiment: Some commentary (The Motley Fool) suggests Progressive’s exceptional 2025 results “may have been too good to last,” raising concerns about reversion to mean in underwriting or investment results. 3 Dirt-Cheap Stocks to Buy With $1,000 Right Now

Insider Activity

In other Progressive news, CAO Carl G. Joyce sold 141 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $212.00, for a total value of $29,892.00. Following the completion of the transaction, the chief accounting officer directly owned 828 shares in the company, valued at $175,536. This represents a 14.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CIO Jonathan S. Bauer sold 2,266 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $203.05, for a total transaction of $460,111.30. Following the sale, the executive directly owned 26,250 shares of the company’s stock, valued at approximately $5,330,062.50. This trade represents a 7.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,761 shares of company stock valued at $2,659,420 in the last three months. 0.34% of the stock is currently owned by insiders.

Progressive Trading Up 0.0%

Shares of PGR stock opened at $205.22 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a fifty day simple moving average of $206.96 and a two-hundred day simple moving average of $222.48. The firm has a market capitalization of $120.24 billion, a PE ratio of 10.67, a PEG ratio of 8.94 and a beta of 0.33. The Progressive Corporation has a 52-week low of $197.92 and a 52-week high of $292.99.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s dividend payout ratio is 2.08%.

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.