Mcdonald Partners LLC Trims Position in The Progressive Corporation $PGR

Mcdonald Partners LLC trimmed its position in The Progressive Corporation (NYSE:PGR) by 26.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,585 shares of the insurance provider’s stock after selling 2,368 shares during the period. Mcdonald Partners LLC’s holdings in Progressive were worth $1,626,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PGR. Vanguard Group Inc. increased its holdings in Progressive by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 54,667,528 shares of the insurance provider’s stock worth $13,500,146,000 after acquiring an additional 151,240 shares during the period. Geode Capital Management LLC grew its position in shares of Progressive by 2.0% during 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. increased its holdings in shares of Progressive by 32.8% in the second quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock worth $2,928,141,000 after purchasing an additional 2,709,417 shares during the period. Norges Bank bought a new position in shares of Progressive in the second quarter worth $2,156,939,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Progressive by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,129,069 shares of the insurance provider’s stock worth $1,101,883,000 after buying an additional 42,909 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on PGR. Wells Fargo & Company decreased their price objective on shares of Progressive from $220.00 to $214.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 19th. Zacks Research raised shares of Progressive from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Bank of America lowered their price objective on shares of Progressive from $350.00 to $348.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. JPMorgan Chase & Co. cut their target price on shares of Progressive from $303.00 to $275.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Finally, Barclays raised Progressive from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $257.00 to $265.00 in a research note on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $245.50.

Insider Buying and Selling

In related news, insider Maribel Pumarejo sold 739 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $203.25, for a total transaction of $150,201.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Jonathan S. Bauer sold 2,266 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $203.05, for a total value of $460,111.30. Following the transaction, the executive owned 26,250 shares in the company, valued at approximately $5,330,062.50. The trade was a 7.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,103 shares of company stock worth $1,883,924. Insiders own 0.33% of the company’s stock.

Progressive Price Performance

PGR stock opened at $213.14 on Wednesday. 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 Progressive Corporation has a 52 week low of $197.92 and a 52 week high of $292.99. The firm’s fifty day moving average is $209.98 and its 200 day moving average is $224.60. The firm has a market cap of $124.99 billion, a P/E ratio of 11.08, a P/E/G ratio of 9.32 and a beta of 0.33.

Progressive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were issued a $0.10 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s payout ratio is currently 2.08%.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Analyst tone remains cautiously constructive — sell‑side commentary cited in coverage notes a tempered but positive outlook on PGR’s forward prospects despite recent lagging performance, which supports a stabilizing view for the stock. Progressive Stock: Is PGR Underperforming the Financial Sector?
• Neutral Sentiment: Investors are reviewing the full Q4 2025 earnings call transcript to judge underwriting trends, reserve development and commentary on pricing and loss costs — details in the transcript will guide near‑term moves as markets re‑rate insurance fundamentals. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: The company’s Q4 2025 earnings presentation is available for investors; the slides provide the management narrative on combined ratio trends, reserve activity and investment income that market participants are parsing for guidance on 2026 profitability. Q4 2025 Earnings Presentation
• Neutral Sentiment: Brokerage coverage aggregated to a consensus “Hold,” signaling limited near‑term conviction among analysts and contributing to muted trading interest until clearer earnings trends emerge. Consensus “Hold” by Brokerages
• Neutral Sentiment: Be aware of similarly named companies: recent TipRanks items refer to Progressive Path Group Holdings (HK:1581), which is unrelated to NYSE:PGR and can create headline noise for scanners. Progressive Path Board Update (unrelated)
• Negative Sentiment: PGR has underperformed the broader financial sector over the past year, pressuring relative valuation (the stock’s 200‑day moving average remains above current levels) and tempering investor enthusiasm until clearer improvement in underwriting and investment returns is demonstrated. Is PGR Underperforming the Financial Sector?

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.