Mirae Asset Global Investments Co. Ltd. Purchases 19,268 Shares of The Progressive Corporation $PGR

Mirae Asset Global Investments Co. Ltd. raised its position in The Progressive Corporation (NYSE:PGR) by 19.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,844 shares of the insurance provider’s stock after purchasing an additional 19,268 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Progressive were worth $29,842,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Davis Capital Management acquired a new position in shares of Progressive in the 3rd quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new position in Progressive in the second quarter valued at about $33,000. Westside Investment Management Inc. increased its holdings in shares of Progressive by 900.0% in the second quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 117 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Progressive during the second quarter worth about $34,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Progressive by 1,885.7% during the 2nd quarter. Richardson Financial Services Inc. now owns 139 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CIO Jonathan S. Bauer sold 3,105 shares of Progressive stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $204.35, for a total value of $634,506.75. Following the completion of the transaction, the executive owned 26,249 shares of the company’s stock, valued at $5,363,983.15. This trade represents a 10.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew J. Quigg sold 1,649 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $336,973.15. Following the transaction, the insider owned 39,626 shares in the company, valued at $8,097,573.10. This represents a 4.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 13,788 shares of company stock worth $3,018,961. 0.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on PGR. Evercore ISI dropped their target price on shares of Progressive from $250.00 to $237.00 and set an “in-line” rating on the stock in a report on Wednesday, January 7th. Hsbc Global Res lowered shares of Progressive from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. UBS Group reduced their target price on shares of Progressive from $268.00 to $261.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on Progressive from $303.00 to $275.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Finally, Citigroup reduced their price objective on Progressive from $301.38 to $300.60 and set a “buy” rating for the company in a research report on Monday, December 15th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Progressive presently has an average rating of “Hold” and a consensus target price of $257.27.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 results beat expectations — EPS and revenue topped consensus, underwriting remained disciplined with a strong combined ratio, and management highlighted policy/premium momentum and margin focus. This supports the case for sustained profitability. Zacks: Q4 Earnings
• Positive Sentiment: At least one major firm (Bank of America) reiterated a Buy and raised its price target, citing sustained policy momentum and elevated profitability — a bullish analyst view that supports upside vs. many peers. TipRanks: BofA Buy Rating
• Neutral Sentiment: Management announced CFO John Sauerland will retire July 3, 2026, with Chief Strategy Officer Andrew Quigg slated to succeed him; the internal succession plan aims to ensure continuity, which reduces leadership-transition risk but still adds short-term uncertainty. GlobeNewswire: CFO Transition
• Negative Sentiment: Multiple analysts trimmed forecasts and lowered price targets (Wells Fargo to $220, BMO to $232) and at least one shop cut its rating; Zacks moved to a more negative stance — these downgrades and lower targets appear to be the primary driver of selling pressure despite the beat. Benzinga: Analyst Moves The Fly: BMO Target Cut

Progressive Stock Performance

PGR opened at $208.04 on Friday. The Progressive Corporation has a 52-week low of $198.50 and a 52-week high of $292.99. The firm has a market capitalization of $121.99 billion, a PE ratio of 10.81, a PEG ratio of 1.30 and a beta of 0.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 0.38. The business’s 50-day simple moving average is $219.97 and its 200 day simple moving average is $231.18.

Progressive Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s dividend payout ratio is currently 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.