PensionDanmark Pensionsforsikringsaktieselskab Has $25.25 Million Position in The Progressive Corporation $PGR

Key Points

• PensionDanmark increased its Progressive stake by 4.4% in the second quarter, adding 4,919 shares to hold 115,603 shares valued at approximately $25.25 million. Institutional investors collectively own 85.34% of PGR.
• Wall Street’s consensus rating is “Hold”, with 15 analysts holding that view, five issuing Buy ratings and two issuing Sell ratings. The consensus price target is $235.26, while recent targets ranged from $198 to $308.
• Progressive shares opened at $215.04, up 1.1%, with a market capitalization of about $125 billion. Insiders have sold 74,885 shares worth approximately $15.9 million over the past 90 days, though the reported transactions were made under pre-arranged Rule 10b5-1 plans.

PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in shares of The Progressive Corporation (NYSE:PGR - Free Report) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,603 shares of the insurance provider's stock after buying an additional 4,919 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Progressive were worth $25,253,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Klingman & Associates LLC raised its position in shares of Progressive by 1.7% in the 4th quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider's stock worth $667,000 after acquiring an additional 48 shares in the last quarter. Revisor Wealth Management LLC grew its holdings in shares of Progressive by 2.7% during the fourth quarter. Revisor Wealth Management LLC now owns 1,902 shares of the insurance provider's stock valued at $395,000 after buying an additional 50 shares during the last quarter. Pines Wealth Management LLC increased its holdings in Progressive by 3.9% during the 4th quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider's stock worth $319,000 after purchasing an additional 52 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Progressive by 0.3% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider's stock valued at $4,267,000 after buying an additional 52 shares during the last quarter. Finally, Phillips Wealth Planners LLC raised its holdings in shares of Progressive by 2.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 1,916 shares of the insurance provider's stock valued at $436,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 85.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America dropped their price target on Progressive from $313.00 to $308.00 and set a "buy" rating on the stock in a report on Thursday, July 16th. Evercore set a $240.00 price target on Progressive in a report on Friday, July 10th. BMO Capital Markets reduced their price objective on shares of Progressive from $220.00 to $205.00 and set a "market perform" rating for the company in a research note on Thursday, July 16th. UBS Group upped their target price on Progressive from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Progressive from $205.00 to $198.00 and set an "underweight" rating on the stock in a research report on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $235.26.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive’s second-quarter 2026 earnings-call presentation is the most relevant company-specific item in the news flow. However, the provided headline does not include detailed results, guidance, or operating metrics, so it is not possible to determine whether the quarter materially exceeded expectations. The Progressive Corporation 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Several reports feature analysts discussing Progressive alongside other financial companies. The supplied articles do not specify consensus changes, price-target revisions, or rating actions, suggesting limited immediate impact from this coverage. Analysts Offer Insights on Financial Companies Analysts Have Conflicting Sentiments on Financial Companies
• Neutral Sentiment: The remaining reports concern politicians and candidates described as “progressive,” including Michigan primary elections. They do not involve The Progressive Corporation or its insurance operations and should not affect PGR’s valuation. Progressive Democrat Wins in Michigan

Insiders Place Their Bets

In related news, CFO Andrew J. Quigg sold 3,499 shares of the company's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $220.00, for a total transaction of $769,780.00. Following the completion of the sale, the chief financial officer directly owned 42,595 shares in the company, valued at $9,370,900. This represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Karen Bailo sold 8,452 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 transaction of $1,797,824.92. Following the sale, the insider directly owned 32,348 shares of the company's stock, valued at $6,880,743.08. The trade was a 20.72% 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. Over the last ninety days, insiders sold 74,885 shares of company stock worth $15,880,459. 0.32% of the stock is currently owned by corporate insiders.

Progressive Stock Up 1.1%

PGR opened at $215.04 on Friday. The Progressive Corporation has a 12 month low of $189.20 and a 12 month high of $254.93. The company has a current ratio of 0.29, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. The business's 50-day moving average price is $212.50 and its 200-day moving average price is $206.20. The company has a market cap of $125.02 billion, a P/E ratio of 10.78, a P/E/G ratio of 2.87 and a beta of 0.27.

Progressive 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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