PROG Holdings, Inc $PRG Shares Acquired by Vestcor Inc

Vestcor Inc lifted its holdings in shares of PROG Holdings, Inc (NYSE:PRG) by 87.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,625 shares of the fintech holding company’s stock after buying an additional 21,348 shares during the period. Vestcor Inc owned approximately 0.12% of PROG worth $1,345,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. boosted its stake in shares of PROG by 2.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the fintech holding company’s stock worth $389,000 after buying an additional 344 shares during the period. Horizon Investments LLC boosted its stake in shares of PROG by 2.6% during the fourth quarter. Horizon Investments LLC now owns 20,948 shares of the fintech holding company’s stock worth $618,000 after buying an additional 537 shares during the period. GAMMA Investing LLC boosted its stake in shares of PROG by 45.3% during the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after buying an additional 563 shares during the period. Legato Capital Management LLC boosted its stake in shares of PROG by 1.2% during the third quarter. Legato Capital Management LLC now owns 48,451 shares of the fintech holding company’s stock worth $1,568,000 after buying an additional 564 shares during the period. Finally, WealthCollab LLC increased its stake in PROG by 28.1% in the 3rd quarter. WealthCollab LLC now owns 2,680 shares of the fintech holding company’s stock valued at $87,000 after buying an additional 588 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.

PROG Trading Down 0.0%

Shares of PRG stock opened at $35.24 on Monday. The firm has a market cap of $1.41 billion, a P/E ratio of 9.63 and a beta of 1.82. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $41.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.27 and a quick ratio of 2.41. The firm’s 50-day simple moving average is $32.53 and its 200-day simple moving average is $31.85.

PROG (NYSE:PRG) last posted its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.46. The firm had revenue of $742.67 million during the quarter, compared to the consensus estimate of $732.70 million. PROG had a net margin of 5.88% and a return on equity of 21.94%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, equities analysts forecast that PROG Holdings, Inc will post 4.7 EPS for the current year.

PROG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. PROG’s dividend payout ratio (DPR) is presently 15.30%.

Analysts Set New Price Targets

PRG has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of PROG from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Zacks Research upgraded shares of PROG from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of PROG from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Raymond James Financial restated an “outperform” rating and set a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. Finally, TD Cowen upped their price objective on shares of PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.70.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.