The Progressive Corporation $PGR is Inspire Investing LLC’s 8th Largest Position

Inspire Investing LLC boosted its position in shares of The Progressive Corporation (NYSE:PGR) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,447 shares of the insurance provider’s stock after acquiring an additional 3,168 shares during the quarter. Progressive accounts for 1.2% of Inspire Investing LLC’s portfolio, making the stock its 8th biggest holding. Inspire Investing LLC’s holdings in Progressive were worth $13,310,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Klingman & Associates LLC increased its position in Progressive by 1.7% during the fourth quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider’s stock valued at $667,000 after acquiring an additional 48 shares during the last quarter. Revisor Wealth Management LLC grew its holdings in Progressive by 2.7% during the fourth quarter. Revisor Wealth Management LLC now owns 1,902 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 50 shares during the period. Cullen Investment Group LTD. grew its holdings in Progressive by 0.7% during the fourth quarter. Cullen Investment Group LTD. now owns 7,463 shares of the insurance provider’s stock valued at $1,606,000 after purchasing an additional 52 shares during the period. Pines Wealth Management LLC grew its holdings in Progressive by 3.9% during the fourth quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 52 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings in Progressive by 0.3% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock valued at $4,267,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Progressive Trading Down 0.0%

Shares of PGR stock opened at $204.64 on Thursday. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $267.92. 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’s 50 day simple moving average is $199.73 and its two-hundred day simple moving average is $207.42. The company has a market cap of $119.58 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 5.93 and a beta of 0.28.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The business had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $23.51 billion. During the same period in the prior year, the business posted $4.37 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that The Progressive Corporation will post 16.34 earnings per share for the current year.

Progressive Announces Dividend

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

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported solid May 2026 results, with net premiums written up 6%, net premiums earned up 10%, net income up 36%, and the combined ratio improving to 82.1 from 86.9 a year ago, signaling stronger profitability and underwriting performance. Progressive Reports May 2026 Results
• Positive Sentiment: Policies in force rose 8% year over year to 39.97 million, showing continued growth in Progressive’s auto and personal lines business. Progressive names new leadership structure as profit jumps
• Positive Sentiment: BofA reportedly raised its price target on PGR to $331 and kept a Buy rating, reinforcing the bullish case after the strong monthly update. BofA Raises PT on The Progressive Corporation (PGR) Stock
• Neutral Sentiment: Progressive announced management changes, including the planned January 2027 retirement of Personal Lines President Pat Callahan and new roles for Lori Niederst and Heather Day; the succession plan is orderly, but it adds a layer of transition risk. Progressive Announces Management Changes
• Negative Sentiment: Jim Cramer said the “group is under a lot of pressure,” reflecting broader investor concern that auto insurers like Progressive may face margin pressure if inflation or claims trends worsen. Jim Cramer on Progressive Corporation: “That Group Is Under a Lot of Pressure”

Insider Buying and Selling at Progressive

In other Progressive news, insider John Jo Murphy sold 5,916 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the sale, the insider directly owned 41,290 shares in the company, valued at $8,258,000. This represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,157 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $231,400.00. Following the sale, the insider owned 28,668 shares in the company, valued at approximately $5,733,600. This trade represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,343 shares of company stock worth $1,470,355 over the last ninety days. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

PGR has been the subject of several recent research reports. Mizuho cut their price target on Progressive from $235.00 to $223.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Roth Mkm set a $235.00 price target on Progressive in a report on Thursday, February 19th. Morgan Stanley cut their price target on Progressive from $205.00 to $190.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. BMO Capital Markets reissued a “market perform” rating and set a $220.00 price target on shares of Progressive in a report on Wednesday, May 20th. Finally, Evercore reissued a “negative” rating on shares of Progressive in a report on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $238.11.

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.