The Progressive Corporation $PGR Stock Holdings Lifted by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in The Progressive Corporation (NYSE:PGR) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,447,267 shares of the insurance provider’s stock after buying an additional 403,240 shares during the period. Janus Henderson Group PLC’s holdings in Progressive were worth $1,240,376,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Allstate Corp grew its position in Progressive by 106.1% during the 4th quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock worth $10,136,000 after purchasing an additional 22,915 shares in the last quarter. Norges Bank purchased a new position in Progressive during the 4th quarter worth approximately $1,836,094,000. Mariner LLC grew its position in Progressive by 7.9% during the 3rd quarter. Mariner LLC now owns 644,636 shares of the insurance provider’s stock worth $159,183,000 after purchasing an additional 47,248 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Progressive by 5.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,807,068 shares of the insurance provider’s stock worth $411,506,000 after purchasing an additional 97,275 shares in the last quarter. Finally, Investment House LLC purchased a new position in Progressive during the 4th quarter worth approximately $8,447,000. Institutional investors own 85.34% of the company’s stock.

Progressive Trading Down 0.0%

Progressive stock opened at $204.64 on Thursday. The company’s fifty day simple moving average is $199.73 and its 200-day simple moving average is $207.42. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. The Progressive Corporation has a 12 month low of $189.20 and a 12 month high of $267.92. The stock has a market cap of $119.58 billion, a P/E ratio of 10.40, a P/E/G ratio of 5.93 and a beta of 0.28.

Progressive (NYSE:PGR) last posted its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, beating the consensus estimate of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The business had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $23.51 billion. During the same period in the previous year, the company posted $4.37 EPS. Progressive’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that The Progressive Corporation will post 16.34 EPS for the current fiscal year.

Progressive Announces Dividend

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

Insider Activity at Progressive

In related news, insider John Jo Murphy sold 5,916 shares of Progressive stock in a transaction on Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $1,183,200.00. Following the completion of the sale, the insider owned 41,290 shares of the company’s stock, valued at approximately $8,258,000. The trade was a 12.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,157 shares of Progressive stock in a transaction on Friday, June 5th. The shares were sold at an average price of $200.00, for a total transaction of $231,400.00. Following the completion of the sale, the insider directly owned 28,668 shares of the company’s stock, valued at approximately $5,733,600. The trade was a 3.88% decrease in their position. 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. In the last 90 days, insiders sold 7,343 shares of company stock valued at $1,470,355. Insiders own 0.32% of the company’s stock.

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”

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays set a $247.00 price objective on shares of Progressive in a research report on Wednesday, March 18th. Mizuho lowered their price objective on shares of Progressive from $235.00 to $223.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. UBS Group boosted their price target on shares of Progressive from $218.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Piper Sandler restated an “overweight” rating and set a $259.00 price target on shares of Progressive in a report on Monday, March 2nd. Finally, Zacks Research upgraded shares of Progressive from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Progressive currently has an average rating of “Hold” and an average target price of $238.11.

About Progressive

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.