Mitsubishi UFJ Trust & Banking Corp Has $110.99 Million Stock Holdings in The Progressive Corporation $PGR

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in The Progressive Corporation (NYSE:PGR) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 449,450 shares of the insurance provider’s stock after selling 11,991 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Progressive worth $110,992,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in Progressive by 0.9% in the second quarter. Vanguard Group Inc. now owns 54,516,288 shares of the insurance provider’s stock valued at $14,548,217,000 after acquiring an additional 493,332 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Progressive by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 15,513,188 shares of the insurance provider’s stock valued at $4,128,055,000 after purchasing an additional 301,371 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Progressive by 32.8% during the 2nd quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock valued at $2,928,141,000 after purchasing an additional 2,709,417 shares during the last quarter. Norges Bank acquired a new position in Progressive during the 2nd quarter worth approximately $2,156,939,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Progressive by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,129,069 shares of the insurance provider’s stock valued at $1,101,883,000 after purchasing an additional 42,909 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive showed relative strength versus the broader market in the latest session, which can support short‑term buying interest ahead of earnings. Progressive (PGR) Beats Stock Market Upswing: What Investors Need to Know
• Neutral Sentiment: Q4 earnings preview: analysts expect earnings growth, but the Zacks preview flags items beyond headline EPS — underwriting trends, combined ratio and pricing momentum will determine whether Progressive delivers a beat or conservative guidance. This makes the print a binary near‑term catalyst. Progressive (PGR) Q4 Earnings Preview
• Neutral Sentiment: Valuation/strategy check: a Yahoo Finance piece questions whether Progressive’s long‑term growth is being priced appropriately after the recent pullback — useful context for value investors given PGR’s relatively low P/E (~11) but shorter‑term technical weakness (50‑day < 200‑day MA). Is Progressive (PGR) Pricing Its Long Term Growth Potential Correctly After Recent Pullback
• Negative Sentiment: Competitive threat — Lemonade’s new partnership with Tesla to offer steep discounts on FSD miles creates a potential pricing innovation that could win lower‑loss, tech‑savvy customers and put pressure on legacy insurers’ pricing and margins if scaled. This raises longer‑term competitive risk for Progressive’s auto franchise. Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced
• Negative Sentiment: Insider selling: recent open‑market sales by CIO Jonathan Bauer and Andrew Quigg were disclosed (multiple transactions at ~\$204/share). While not huge relative to company size, clustered insider sales ahead of earnings can be perceived negatively by some investors. Progressive Insider Sells
• Negative Sentiment: Analyst/expectations risk: several firms have trimmed price targets or kept neutral/underweight calls; Zacks flags that while growth is expected, there may be limited obvious upside from an earnings‑beat narrative, so a miss or cautious guidance could drive further downside. Progressive (PGR) Reports Next Week

Insider Activity

In related news, CFO John P. Sauerland sold 5,000 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $228.48, for a total value of $1,142,400.00. Following the transaction, the chief financial officer owned 223,024 shares in the company, valued at $50,956,523.52. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven Broz sold 1,345 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $228.29, for a total transaction of $307,050.05. Following the sale, the insider directly owned 27,698 shares in the company, valued at $6,323,176.42. This trade represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,788 shares of company stock worth $3,018,961 over the last quarter. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

PGR has been the topic of a number of research reports. William Blair cut shares of Progressive from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. UBS Group reduced their price objective on Progressive from $268.00 to $261.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “underweight” rating on shares of Progressive in a report on Wednesday, December 17th. HSBC set a $259.00 price target on Progressive and gave the company an “underperform” rating in a research note on Monday, November 17th. Finally, BMO Capital Markets lowered their price objective on Progressive from $253.00 to $239.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Progressive has an average rating of “Hold” and a consensus price target of $259.39.

Progressive Trading Down 0.4%

Shares of PGR stock opened at $206.04 on Friday. The Progressive Corporation has a 1-year low of $198.50 and a 1-year high of $292.99. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.19. The stock has a market cap of $120.82 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.26 and a beta of 0.34. The stock has a 50-day moving average of $221.22 and a 200-day moving average of $232.28.

Progressive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.10 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is presently 2.19%.

Progressive Company 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.