Y Intercept Hong Kong Ltd Sells 33,081 Shares of The Progressive Corporation $PGR

Y Intercept Hong Kong Ltd trimmed its position in The Progressive Corporation (NYSE:PGR) by 50.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,092 shares of the insurance provider’s stock after selling 33,081 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Progressive were worth $7,925,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Progressive during the second quarter worth approximately $2,156,939,000. Alliancebernstein L.P. lifted its position in shares of Progressive by 32.8% in the second quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock valued at $2,928,141,000 after buying an additional 2,709,417 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Progressive by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 54,516,288 shares of the insurance provider’s stock worth $14,548,217,000 after acquiring an additional 493,332 shares during the period. Temasek Holdings Private Ltd acquired a new position in shares of Progressive during the 2nd quarter worth approximately $117,057,000. Finally, First Trust Advisors LP raised its stake in Progressive by 154.3% in the 2nd quarter. First Trust Advisors LP now owns 673,646 shares of the insurance provider’s stock valued at $179,769,000 after acquiring an additional 408,779 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Steven Broz sold 1,345 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $228.29, for a total transaction of $307,050.05. Following the completion of the sale, the insider owned 27,698 shares of the company’s stock, valued at approximately $6,323,176.42. This represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew J. Quigg sold 1,649 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $336,973.15. Following the sale, the insider owned 39,626 shares in the company, valued at $8,097,573.10. This represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,788 shares of company stock worth $3,018,961 in the last ninety days. 0.34% of the stock is owned by company insiders.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive showed relative strength versus the broader market in the latest session, which can support short‑term buying interest ahead of earnings. Progressive (PGR) Beats Stock Market Upswing: What Investors Need to Know
• Neutral Sentiment: Q4 earnings preview: analysts expect earnings growth, but the Zacks preview flags items beyond headline EPS — underwriting trends, combined ratio and pricing momentum will determine whether Progressive delivers a beat or conservative guidance. This makes the print a binary near‑term catalyst. Progressive (PGR) Q4 Earnings Preview
• Neutral Sentiment: Valuation/strategy check: a Yahoo Finance piece questions whether Progressive’s long‑term growth is being priced appropriately after the recent pullback — useful context for value investors given PGR’s relatively low P/E (~11) but shorter‑term technical weakness (50‑day < 200‑day MA). Is Progressive (PGR) Pricing Its Long Term Growth Potential Correctly After Recent Pullback
• Negative Sentiment: Competitive threat — Lemonade’s new partnership with Tesla to offer steep discounts on FSD miles creates a potential pricing innovation that could win lower‑loss, tech‑savvy customers and put pressure on legacy insurers’ pricing and margins if scaled. This raises longer‑term competitive risk for Progressive’s auto franchise. Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced
• Negative Sentiment: Insider selling: recent open‑market sales by CIO Jonathan Bauer and Andrew Quigg were disclosed (multiple transactions at ~\$204/share). While not huge relative to company size, clustered insider sales ahead of earnings can be perceived negatively by some investors. Progressive Insider Sells
• Negative Sentiment: Analyst/expectations risk: several firms have trimmed price targets or kept neutral/underweight calls; Zacks flags that while growth is expected, there may be limited obvious upside from an earnings‑beat narrative, so a miss or cautious guidance could drive further downside. Progressive (PGR) Reports Next Week

Progressive Trading Down 0.4%

Shares of NYSE:PGR opened at $206.04 on Friday. The business’s 50 day simple moving average is $221.22 and its 200 day simple moving average is $232.28. The Progressive Corporation has a 1 year low of $198.50 and a 1 year high of $292.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $120.82 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.26 and a beta of 0.34.

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were given a $0.10 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is presently 2.19%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James Financial reduced their price objective on shares of Progressive from $305.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Keefe, Bruyette & Woods boosted their price objective on Progressive from $250.00 to $252.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Hsbc Global Res lowered Progressive from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. William Blair downgraded Progressive from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Finally, Mizuho set a $240.00 price objective on Progressive in a report on Wednesday, January 14th. Seven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $259.39.

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.