FORA Capital LLC Invests $1.69 Million in The Progressive Corporation $PGR

Key Points

• FORA Capital LLC opened a new position in The Progressive Corporation, buying 6,824 shares worth about $1.685 million in Q3, and institutional investors now own 85.34% of the company.
• Analysts are mixed but cautious: the consensus rating is Hold with a consensus target price of $241.94, alongside recent notes ranging from upgrades (Barclays) to cuts (BMO, Citi lowered targets).
• Progressive announced a quarterly dividend of $0.10 (annualized $0.40, yield 0.2%), while insiders have been net sellers (12,761 shares, ~$2.66M in the last 90 days) and CFO John Sauerland plans to retire, introducing potential near‑term uncertainty.

FORA Capital LLC bought a new position in shares of The Progressive Corporation (NYSE:PGR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,824 shares of the insurance provider's stock, valued at approximately $1,685,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PGR. Bell Investment Advisors Inc boosted its stake in Progressive by 20.8% in the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the insurance provider's stock worth $68,000 after purchasing an additional 44 shares during the period. Maia Wealth LLC raised its position in shares of Progressive by 5.4% during the second quarter. Maia Wealth LLC now owns 857 shares of the insurance provider's stock valued at $229,000 after buying an additional 44 shares during the last quarter. Selective Wealth Management Inc. raised its position in shares of Progressive by 2.1% during the third quarter. Selective Wealth Management Inc. now owns 2,207 shares of the insurance provider's stock valued at $538,000 after buying an additional 45 shares during the last quarter. Liberty One Investment Management LLC lifted its holdings in shares of Progressive by 3.8% in the third quarter. Liberty One Investment Management LLC now owns 1,291 shares of the insurance provider's stock worth $319,000 after buying an additional 47 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Progressive by 20.8% in the third quarter. True Wealth Design LLC now owns 279 shares of the insurance provider's stock worth $69,000 after buying an additional 48 shares in the last quarter. Institutional investors own 85.34% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PGR. Zacks Research raised shares of Progressive from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 24th. Barclays upgraded shares of Progressive from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $257.00 to $265.00 in a research note on Thursday, January 8th. William Blair lowered Progressive from an "outperform" rating to a "market perform" rating in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Progressive in a report on Monday, December 29th. Finally, Citigroup decreased their target price on Progressive from $300.60 to $261.00 and set a "buy" rating on the stock in a research report on Tuesday, February 3rd. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $241.94.

Progressive Trading Up 0.0%

Shares of PGR opened at $205.22 on Friday. The stock has a market capitalization of $120.24 billion, a PE ratio of 10.67, a P/E/G ratio of 8.94 and a beta of 0.33. The company's fifty day moving average is $206.96 and its 200 day moving average is $222.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The Progressive Corporation has a fifty-two week low of $197.92 and a fifty-two week high of $292.99.

Progressive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be issued a $0.10 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive's payout ratio is 2.08%.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and other outlets continue to highlight Progressive as an attractive insurance investment, reaffirming confidence in the company’s strong 2025 results and long-term growth prospects. Goldman Sachs Names The Progressive Corporation (PGR) among Appealing Insurance Investments
• Positive Sentiment: MarketBeat’s roundup places Progressive alongside Chubb and Arch as defensive, cash-generative insurers benefiting from steady premiums and rising investment income—supporting investor interest in PGR as a sector play. Looking to Insure Your Portfolio? Start With These 3 Stocks
• Neutral Sentiment: Comparative analysis pieces reviewing Progressive vs. peers provide context for investors but contain no new company-specific catalysts; useful for positioning and valuation checks. Head-To-Head Analysis: First American Financial NYSE: FAF & Progressive NYSE: PGR
• Neutral Sentiment: Press about Progressive Planet Solutions (a different ticker, PLAN) reporting record Q3 revenue is unrelated to PGR’s fundamentals but can cause occasional ticker-confusion among retail investors. Progressive Planet Posts Record Q3 Revenue but Takes One-Time Charges to Fund Growth
• Negative Sentiment: Progressive announced that CFO John Sauerland will retire after a 35-year tenure. Leadership transitions at the finance level can raise short-term uncertainty around execution and capital allocation. Progressive (PGR) CFO John Sauerland to Retire After 35-Year Tenure
• Negative Sentiment: BMO Capital Markets cut its PGR price target to $208, signaling reduced near-term upside and contributing to analyst-driven selling pressure. Progressive NYSE: PGR Price Target Cut to $208.00 by Analysts at BMO Capital Markets
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock, adding to downside sentiment from institutional analysts. Bank of America Issues Pessimistic Forecast for Progressive NYSE: PGR Stock Price
• Negative Sentiment: Some commentary (The Motley Fool) suggests Progressive’s exceptional 2025 results “may have been too good to last,” raising concerns about reversion to mean in underwriting or investment results. 3 Dirt-Cheap Stocks to Buy With $1,000 Right Now

Insider Transactions at Progressive

In related news, insider Maribel Pumarejo sold 739 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total value of $150,201.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Jonathan S. Bauer sold 2,266 shares of Progressive stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $203.05, for a total value of $460,111.30. Following the completion of the transaction, the executive owned 26,250 shares of the company's stock, valued at approximately $5,330,062.50. This represents a 7.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 12,761 shares of company stock worth $2,659,420. 0.34% of the stock is currently owned by corporate insiders.

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.

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