Nisa Investment Advisors LLC lessened its position in The Progressive Corporation (NYSE:PGR - Free Report) by 27.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,335 shares of the insurance provider's stock after selling 60,399 shares during the period. Nisa Investment Advisors LLC's holdings in Progressive were worth $46,225,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PGR. Axxcess Wealth Management LLC increased its position in shares of Progressive by 5.6% in the first quarter. Axxcess Wealth Management LLC now owns 1,411 shares of the insurance provider's stock worth $399,000 after acquiring an additional 75 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Progressive by 14.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,735 shares of the insurance provider's stock valued at $491,000 after purchasing an additional 217 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in Progressive by 186.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 249 shares of the insurance provider's stock valued at $66,000 after purchasing an additional 162 shares during the last quarter. Principal Securities Inc. increased its holdings in Progressive by 6.8% in the 1st quarter. Principal Securities Inc. now owns 18,357 shares of the insurance provider's stock valued at $5,195,000 after buying an additional 1,171 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its holdings in Progressive by 8.7% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 4,284 shares of the insurance provider's stock valued at $1,212,000 after buying an additional 344 shares during the period. Institutional investors own 85.34% of the company's stock.
Analyst Ratings Changes
PGR has been the topic of several analyst reports. BMO Capital Markets upped their target price on shares of Progressive from $282.00 to $288.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their price target on shares of Progressive from $267.00 to $287.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Bank of America upgraded shares of Progressive from a "neutral" rating to a "buy" rating and set a $312.00 target price on the stock in a report on Monday, April 28th. UBS Group decreased their price target on shares of Progressive from $291.00 to $280.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company raised their target price on shares of Progressive from $328.00 to $333.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Progressive presently has an average rating of "Moderate Buy" and a consensus target price of $285.41.
Get Our Latest Research Report on Progressive
Progressive Price Performance
Progressive stock traded down $1.29 during midday trading on Thursday, reaching $249.13. The company's stock had a trading volume of 4,289,710 shares, compared to its average volume of 2,807,988. The Progressive Corporation has a 52 week low of $207.50 and a 52 week high of $292.99. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $272.26 and a 200-day moving average price of $265.57. The stock has a market cap of $146.04 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.58 and a beta of 0.37.
Progressive (NYSE:PGR - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $4.65 earnings per share for the quarter, topping the consensus estimate of $4.28 by $0.37. Progressive had a return on equity of 33.50% and a net margin of 11.10%. The company had revenue of $22.21 billion for the quarter, compared to analysts' expectations of $21.87 billion. On average, sell-side analysts predict that The Progressive Corporation will post 14.68 EPS for the current year.
Progressive Dividend Announcement
The firm also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, July 4th will be issued a dividend of $0.10 per share. This represents a dividend yield of 0.15%. The ex-dividend date is Thursday, July 3rd. Progressive's payout ratio is 2.70%.
Insider Activity
In other news, insider Steven Broz sold 1,267 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $260.38, for a total transaction of $329,901.46. Following the transaction, the insider directly owned 27,621 shares of the company's stock, valued at $7,191,955.98. This represents a 4.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John P. Sauerland sold 10,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $275.37, for a total value of $2,753,700.00. Following the completion of the sale, the chief financial officer directly owned 238,024 shares of the company's stock, valued at $65,544,668.88. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,705 shares of company stock worth $11,450,948. Company insiders own 0.34% of the company's stock.
Progressive Profile
(
Free Report)
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.
Further Reading

Before you consider Progressive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Progressive wasn't on the list.
While Progressive currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.