10,600 Shares in PROG Holdings, Inc. (NYSE:PRG) Acquired by Jump Financial LLC

Jump Financial LLC purchased a new position in shares of PROG Holdings, Inc. (NYSE:PRG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,600 shares of the company's stock, valued at approximately $448,000.

A number of other large investors have also made changes to their positions in PRG. Summit Securities Group LLC acquired a new position in shares of PROG in the 4th quarter valued at $38,000. Sterling Capital Management LLC increased its position in shares of PROG by 765.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,082 shares of the company's stock valued at $46,000 after acquiring an additional 957 shares during the period. Smartleaf Asset Management LLC increased its position in shares of PROG by 141.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,208 shares of the company's stock valued at $51,000 after acquiring an additional 707 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of PROG by 248.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,370 shares of the company's stock valued at $57,000 after acquiring an additional 977 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of PROG in the 4th quarter valued at $68,000. 97.92% of the stock is owned by institutional investors and hedge funds.

PROG Price Performance

PRG stock remained flat at $26.36 during trading on Wednesday. The company had a trading volume of 617,923 shares, compared to its average volume of 456,253. The stock's 50-day moving average is $26.64 and its 200-day moving average is $38.12. The company has a current ratio of 5.24, a quick ratio of 2.34 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $1.08 billion, a P/E ratio of 5.81 and a beta of 1.96. PROG Holdings, Inc. has a 52 week low of $23.50 and a 52 week high of $50.28.

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

PROG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 13th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from PROG's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.97%. PROG's payout ratio is 10.66%.

Insider Activity

In other news, Director Douglas C. Curling purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average cost of $29.88 per share, for a total transaction of $298,800.00. Following the completion of the transaction, the director now owns 45,913 shares of the company's stock, valued at $1,371,880.44. This trade represents a 27.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Caroline Sio-Chin Sheu purchased 1,650 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $28.01 per share, with a total value of $46,216.50. Following the completion of the transaction, the director now directly owns 18,291 shares of the company's stock, valued at $512,330.91. This represents a 9.92 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Loop Capital cut their target price on PROG from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group cut PROG from a "buy" rating to a "hold" rating and decreased their price objective for the company from $58.00 to $29.00 in a report on Wednesday, February 26th. KeyCorp dropped their target price on PROG from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Stephens reiterated an "overweight" rating and set a $60.00 price target on shares of PROG in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $44.83.

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.