Public Employees Retirement System of Ohio Buys Shares of 42,578 PROG Holdings, Inc $PRG

Key Points

• Public Employees Retirement System of Ohio bought 42,578 PROG Holdings shares valued at approximately $1.99 million, giving it a 0.11% stake. Institutional investors collectively own 97.92% of the company.
• PROG reported quarterly EPS of $1.19, beating estimates of $0.95, while revenue reached $719.72 million versus expectations of $713.50 million. The company guided for full-year 2026 EPS of $4.75–$5.00.
• PROG declared a quarterly dividend of $0.14 per share, equivalent to a 1.4% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $49.44, although insiders sold 4,000 shares over the past 90 days.

Public Employees Retirement System of Ohio bought a new stake in shares of PROG Holdings, Inc (NYSE:PRG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 42,578 shares of the fintech holding company's stock, valued at approximately $1,985,000. Public Employees Retirement System of Ohio owned about 0.11% of PROG as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in PROG by 436.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company's stock valued at $53,792,000 after buying an additional 1,483,751 shares in the last quarter. State Street Corp boosted its holdings in PROG by 5.6% in the fourth quarter. State Street Corp now owns 1,679,355 shares of the fintech holding company's stock worth $49,524,000 after acquiring an additional 89,035 shares in the last quarter. LSV Asset Management boosted its holdings in PROG by 37.7% in the fourth quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company's stock worth $34,205,000 after acquiring an additional 317,600 shares in the last quarter. First Trust Advisors LP grew its stake in shares of PROG by 588.0% in the first quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company's stock worth $24,100,000 after acquiring an additional 717,932 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of PROG by 102.4% in the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company's stock worth $26,654,000 after acquiring an additional 416,658 shares during the last quarter. 97.92% of the stock is owned by institutional investors.

PROG Stock Up 0.2%

PROG stock opened at $39.37 on Monday. PROG Holdings, Inc has a 12 month low of $25.80 and a 12 month high of $47.73. The stock has a fifty day simple moving average of $42.86 and a two-hundred day simple moving average of $36.88. 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 cap of $1.57 billion, a price-to-earnings ratio of 10.88 and a beta of 1.76.

PROG (NYSE:PRG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The firm had revenue of $719.72 million for the quarter, compared to the consensus estimate 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 analysts predict that PROG Holdings, Inc will post 4.95 EPS for the current fiscal year.

PROG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, August 18th. PROG's dividend payout ratio (DPR) is presently 15.47%.

Insider Transactions at PROG

In related news, insider Michael King sold 1,070 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total value of $49,220.00. Following the sale, the insider owned 60,825 shares in the company, valued at approximately $2,797,950. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO George M. Sewell sold 2,000 shares of PROG stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total transaction of $91,060.00. Following the completion of the sale, the chief accounting officer directly owned 28,385 shares of the company's stock, valued at approximately $1,292,369.05. This trade represents a 6.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,000 shares of company stock worth $183,060. Insiders own 3.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group raised PROG from a "hold" rating to a "buy" rating and lifted their price target for the stock from $33.00 to $60.00 in a research report on Wednesday, July 8th. Loop Capital downgraded shares of PROG from a "buy" rating to a "hold" rating and set a $48.00 price objective on the stock. in a research report on Wednesday, July 1st. KeyCorp raised their price objective on shares of PROG from $45.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of PROG from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, June 24th. Finally, Zacks Research upgraded shares of PROG from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. One equities 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $49.44.

About PROG

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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