43,669 Shares in PROG Holdings, Inc. (NYSE:PRG) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of PROG Holdings, Inc. (NYSE:PRG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 43,669 shares of the company's stock, valued at approximately $1,845,000. Jefferies Financial Group Inc. owned approximately 0.11% of PROG as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its stake in shares of PROG by 2.4% in the fourth quarter. LPL Financial LLC now owns 19,719 shares of the company's stock worth $833,000 after purchasing an additional 458 shares during the last quarter. Comerica Bank raised its stake in shares of PROG by 1.2% in the fourth quarter. Comerica Bank now owns 39,029 shares of the company's stock worth $1,649,000 after purchasing an additional 473 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of PROG by 4.1% in the fourth quarter. HB Wealth Management LLC now owns 16,176 shares of the company's stock worth $684,000 after purchasing an additional 631 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of PROG by 0.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 74,075 shares of the company's stock worth $3,130,000 after purchasing an additional 658 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of PROG by 53.9% in the fourth quarter. KBC Group NV now owns 2,015 shares of the company's stock worth $85,000 after purchasing an additional 706 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Loop Capital decreased their price target on PROG from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. KeyCorp decreased their price target on PROG from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Jefferies Financial Group lowered PROG from a "buy" rating to a "hold" rating and cut their price objective for the stock from $58.00 to $29.00 in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PROG currently has a consensus rating of "Moderate Buy" and an average price target of $44.83.

PROG Stock Performance

Shares of PRG traded up $0.05 during trading hours on Friday, hitting $30.10. The stock had a trading volume of 558,118 shares, compared to its average volume of 469,960. The company has a debt-to-equity ratio of 0.99, a current ratio of 5.24 and a quick ratio of 2.34. PROG Holdings, Inc. has a 12 month low of $23.50 and a 12 month high of $50.28. The firm has a market capitalization of $1.21 billion, a PE ratio of 6.63 and a beta of 1.81. The stock has a fifty day moving average price of $26.67 and a 200 day moving average price of $36.59.

PROG (NYSE:PRG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.82 by $0.08. PROG had a return on equity of 24.25% and a net margin of 8.01%. The company had revenue of $684.09 million during the quarter, compared to analyst estimates of $678.23 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. PROG's revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that PROG Holdings, Inc. will post 3.45 EPS for the current year.

PROG Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.73%. The ex-dividend date is Tuesday, May 20th. PROG's dividend payout ratio is presently 10.66%.

Insider Buying and Selling at PROG

In related news, CEO Steven A. Michaels purchased 14,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $29.03 per share, with a total value of $406,420.00. Following the completion of the acquisition, the chief executive officer now owns 559,641 shares of the company's stock, valued at approximately $16,246,378.23. This trade represents a 2.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Douglas C. Curling purchased 10,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $29.88 per share, with a total value of $298,800.00. Following the acquisition, the director now directly owns 45,913 shares of the company's stock, valued at $1,371,880.44. This trade represents a 27.85% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 29,150 shares of company stock valued at $852,692. Company insiders own 3.21% of the company's stock.

PROG Profile

PROG Holdings, Inc NYSE: PRG is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.