The Progressive Corporation $PGR Shares Acquired by Donaldson Capital Management LLC

Donaldson Capital Management LLC boosted its position in shares of The Progressive Corporation (NYSE:PGR) by 68.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,587 shares of the insurance provider’s stock after purchasing an additional 12,068 shares during the period. Donaldson Capital Management LLC’s holdings in Progressive were worth $7,307,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CIO Jonathan S. Bauer sold 3,105 shares of the company’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 $634,506.75. Following the completion of the transaction, the executive directly owned 26,249 shares of the company’s stock, valued at $5,363,983.15. This represents a 10.58% 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, CFO John P. Sauerland sold 5,000 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $228.48, for a total transaction of $1,142,400.00. Following the transaction, the chief financial officer owned 223,024 shares of the company’s stock, valued at $50,956,523.52. The trade was a 2.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,788 shares of company stock worth $3,018,961 over the last quarter. Corporate insiders own 0.34% of the company’s stock.

Key Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Q4 earnings beat and commentary lifted confidence in near-term earnings momentum — analysts and coverage pieces say the results and management commentary support continued policy growth and profitability, which underpins the bullish investment thesis. How Earnings Beat And CFO Succession At Progressive (PGR) Has Changed Its Investment Story
• Positive Sentiment: Bank of America reiterated a Buy and raised its target to $334, signaling that at least some sell‑side analysts see meaningful upside from current levels based on sustained policy momentum and elevated profitability. Progressive: Sustained Policy Momentum…
• Neutral Sentiment: Progressive confirmed CFO John Sauerland will step down in July 2026; management has flagged a planned succession process — this is notable for governance but appears orderly rather than abrupt. Progressive CFO Sauerland to step down in July 2026
• Neutral Sentiment: Several retail/coverage pieces are highlighting Progressive as a relatively inexpensive or buyable insurance stock given its P/E and recent pullback; these narratives can attract value-oriented buyers but are less likely to move the stock quickly. Is Progressive Corporation (PGR) One of the Best Inexpensive Stocks to Buy Now?
• Neutral Sentiment: Product coverage note — a 2026 review of Progressive’s pet insurance appeared; incremental product expansion can support long-term premium growth but is a low-impact near-term driver. Progressive pet insurance review 2026
• Negative Sentiment: Multiple brokerages trimmed price targets and/or downgraded tone after Q4: Wells Fargo cut its target to $220 (equal weight), Keefe, Bruyette & Woods cut to $225 (market perform), and BMO trimmed its target to $232 — collective downgrades increase selling pressure and suggest some analysts reduced forward estimates. Progressive (NYSE:PGR) Price Target Lowered to $220.00 at Wells Fargo & Company
• Negative Sentiment: Follow-up coverage notes analysts broadly cut forecasts after the Q4 report, reinforcing the nearer-term caution and likely contributing to the downside in sentiment among more value/near‑term focused investors. Progressive Analysts Cut Their Forecasts After Q4 Earnings

Progressive Stock Down 0.2%

NYSE PGR opened at $207.74 on Friday. The stock’s 50 day moving average is $219.58 and its two-hundred day moving average is $230.82. The Progressive Corporation has a 1-year low of $198.50 and a 1-year high of $292.99. The company has a market capitalization of $121.82 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.28 and a beta of 0.34. The company has a current ratio of 0.38, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23.

Progressive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors 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 dividend on an annualized basis and a yield of 0.2%. Progressive’s payout ratio is currently 2.08%.

Analyst Ratings Changes

PGR has been the subject of several research analyst reports. HSBC set a $259.00 price objective on Progressive and gave the company an “underperform” rating in a report on Monday, November 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Progressive in a report on Monday, December 29th. Keefe, Bruyette & Woods dropped their price target on Progressive from $252.00 to $225.00 and set a “market perform” rating on the stock in a research report on Friday. Raymond James Financial lowered their price objective on shares of Progressive from $305.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Finally, UBS Group lowered their target price on Progressive from $268.00 to $261.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $255.68.

About Progressive

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.