B. Metzler seel. Sohn & Co. AG Purchases Shares of 61,962 The Progressive Corporation $PGR

B. Metzler seel. Sohn & Co. AG acquired a new stake in The Progressive Corporation (NYSE:PGR - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 61,962 shares of the insurance provider's stock, valued at approximately $13,536,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LaSalle St. Investment Advisors LLC purchased a new position in Progressive in the 2nd quarter worth approximately $330,000. Ceredex Value Advisors LLC purchased a new position in Progressive in the second quarter worth about $27,328,000. Mystic Asset Management Inc. bought a new stake in Progressive during the second quarter valued at approximately $333,000. Fairtree Asset Management Pty Ltd bought a new stake in shares of Progressive during the 2nd quarter valued at $2,021,000. Finally, Oxford Financial Group LTD. LLC purchased a new stake in Progressive in the second quarter worth about $353,000. Institutional investors own 85.34% of the company's stock.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded PGR to “outperform” from “market perform” and raised its price target to $250 from $226, implying meaningful upside from recent trading levels. KBW upgrades Progressive
• Positive Sentiment: July operating growth remained solid: net premiums written and earned both rose 5% year over year, while total policies in force increased 7% to 40.3 million. Personal auto policies were particularly strong, with direct auto policies up 9%. Progressive July 2026 results
• Neutral Sentiment: Analyst views remain mixed. Wells Fargo raised its price target modestly to $201 from $198 but retained an “underweight” rating, while William Blair maintained a “hold” stance, citing earnings deceleration and slower growth. Wells Fargo rating update
• Negative Sentiment: July earnings weakened despite premium growth. Net income fell 12% to $961 million and earnings per share declined 11% to $1.65. The combined ratio worsened to 86.8 from 85.3, indicating lower underwriting profitability, while realized securities results swung to a $47 million loss from a $79 million gain. Progressive July earnings analysis
• Negative Sentiment: Reported insider activity may weigh on sentiment: available data showed multiple company insiders selling shares over the past six months and no reported insider purchases.

Insider Activity

In other news, CIO Jonathan S. Bauer sold 2,242 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $212.71, for a total value of $476,895.82. Following the sale, the executive owned 26,250 shares in the company, valued at $5,583,637.50. This represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew J. Quigg sold 3,499 shares of Progressive stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $220.00, for a total value of $769,780.00. Following the transaction, the chief financial officer owned 42,595 shares of the company's stock, valued at approximately $9,370,900. This represents a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 82,224 shares of company stock valued at $17,416,438. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PGR. BMO Capital Markets reiterated a "market perform" rating on shares of Progressive in a research note on Wednesday. William Blair reaffirmed a "market perform" rating on shares of Progressive in a research note on Wednesday, July 15th. Roth Capital reaffirmed a "buy" rating and issued a $245.00 price objective on shares of Progressive in a research note on Thursday. Jefferies Financial Group reissued a "hold" rating and set a $228.00 target price on shares of Progressive in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on Progressive from $250.00 to $241.00 and set a "neutral" rating on the stock in a report on Tuesday, August 4th. Seven research 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $236.05.

Progressive Trading Up 1.5%

Shares of PGR opened at $220.60 on Friday. The firm has a market capitalization of $128.25 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 2.93 and a beta of 0.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29. The Progressive Corporation has a 1-year low of $189.20 and a 1-year high of $252.82. The company has a 50-day moving average of $215.20 and a 200 day moving average of $206.55.

Progressive (NYSE:PGR - Get Free Report) last issued its earnings results on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, topping analysts' consensus estimates of $4.64 by $1.03. The business had revenue of $23.61 billion for the quarter, compared to analyst estimates of $19.49 billion. Progressive had a net margin of 12.84% and a return on equity of 32.92%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $5.40 earnings per share. On average, research analysts expect that The Progressive Corporation will post 17.55 EPS for the current year.

Progressive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive's payout ratio is 2.01%.

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.

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