PROG Holdings, Inc $PRG Shares Purchased by Ancora Advisors LLC

Ancora Advisors LLC boosted its position in shares of PROG Holdings, Inc (NYSE:PRG - Free Report) by 30.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 478,176 shares of the fintech holding company's stock after purchasing an additional 110,436 shares during the quarter. Ancora Advisors LLC owned approximately 1.20% of PROG worth $22,288,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP raised its stake in shares of PROG by 82.8% during the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company's stock worth $33,000 after buying an additional 506 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in PROG in the 1st quarter valued at about $38,000. Federation des caisses Desjardins du Quebec acquired a new stake in PROG in the 4th quarter valued at about $44,000. WealthCollab LLC increased its holdings in PROG by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company's stock valued at $61,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in PROG by 19.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,911 shares of the fintech holding company's stock valued at $136,000 after acquiring an additional 468 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company's stock.

Wall Street Analysts Forecast Growth

PRG has been the subject of a number of recent research reports. Wall Street Zen cut shares of PROG from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Zacks Research upgraded PROG from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Weiss Ratings raised PROG from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, June 24th. Jefferies Financial Group upgraded PROG from a "hold" rating to a "buy" rating and upped their price objective for the company from $33.00 to $60.00 in a research report on Wednesday, July 8th. Finally, KeyCorp increased their price objective on PROG from $45.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, PROG has an average rating of "Moderate Buy" and an average price target of $49.44.

Insider Buying and Selling at PROG

In related news, insider Michael Todd King sold 1,070 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total transaction of $49,220.00. Following the completion of the sale, the insider directly owned 60,825 shares of the company's stock, valued at approximately $2,797,950. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO George M. Sewell sold 2,000 shares of PROG stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total value of $91,060.00. Following the sale, the chief accounting officer directly owned 28,385 shares in the company, valued at approximately $1,292,369.05. The trade was a 6.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,000 shares of company stock valued at $183,060 over the last 90 days. Insiders own 3.72% of the company's stock.

PROG Stock Performance

PROG stock opened at $38.17 on Tuesday. PROG Holdings, Inc has a 52 week low of $25.80 and a 52 week high of $47.73. The stock has a fifty day moving average price of $43.17 and a 200 day moving average price of $36.73. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $1.52 billion, a P/E ratio of 10.54 and a beta of 1.79.

PROG (NYSE:PRG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.24. PROG had a net margin of 5.57% and a return on equity of 21.88%. The company had revenue of $719.72 million during the quarter, compared to analysts' expectations of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Equities research analysts anticipate that PROG Holdings, Inc will post 4.95 earnings per share for the current year.

PROG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.56 annualized dividend and a yield of 1.5%. PROG's payout ratio is 15.47%.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.

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