The Progressive Corporation $PGR Holdings Decreased by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC lessened its stake in The Progressive Corporation (NYSE:PGR) by 5.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,714 shares of the insurance provider’s stock after selling 4,678 shares during the period. Progressive accounts for 1.8% of Zuckerman Investment Group LLC’s portfolio, making the stock its 22nd biggest holding. Zuckerman Investment Group LLC’s holdings in Progressive were worth $19,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bell Investment Advisors Inc raised its position in shares of Progressive by 20.8% during the 2nd quarter. Bell Investment Advisors Inc now owns 256 shares of the insurance provider’s stock worth $68,000 after buying an additional 44 shares in the last quarter. Maia Wealth LLC boosted its holdings in shares of Progressive by 5.4% in the second quarter. Maia Wealth LLC now owns 857 shares of the insurance provider’s stock valued at $229,000 after acquiring an additional 44 shares in the last quarter. Selective Wealth Management Inc. increased its stake in shares of Progressive by 2.1% during the third quarter. Selective Wealth Management Inc. now owns 2,207 shares of the insurance provider’s stock valued at $538,000 after acquiring an additional 45 shares during the period. Liberty One Investment Management LLC increased its stake in shares of Progressive by 3.8% during the third quarter. Liberty One Investment Management LLC now owns 1,291 shares of the insurance provider’s stock valued at $319,000 after acquiring an additional 47 shares during the period. Finally, True Wealth Design LLC raised its holdings in Progressive by 20.8% during the third quarter. True Wealth Design LLC now owns 279 shares of the insurance provider’s stock worth $69,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Buying and Selling at Progressive

In related news, insider Karen Bailo sold 3,517 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $212.00, for a total value of $745,604.00. Following the completion of the transaction, the insider owned 32,348 shares in the company, valued at $6,857,776. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew J. Quigg sold 1,649 shares of Progressive stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $336,973.15. Following the completion of the transaction, the insider directly owned 39,626 shares in the company, valued at $8,097,573.10. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,761 shares of company stock valued at $2,659,420 over the last 90 days. 0.34% of the stock is owned by insiders.

Progressive News Summary

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Goldman Sachs and other outlets continue to highlight Progressive as an attractive insurance investment, reaffirming confidence in the company’s strong 2025 results and long-term growth prospects. Goldman Sachs Names The Progressive Corporation (PGR) among Appealing Insurance Investments
• Positive Sentiment: MarketBeat’s roundup places Progressive alongside Chubb and Arch as defensive, cash-generative insurers benefiting from steady premiums and rising investment income—supporting investor interest in PGR as a sector play. Looking to Insure Your Portfolio? Start With These 3 Stocks
• Neutral Sentiment: Comparative analysis pieces reviewing Progressive vs. peers provide context for investors but contain no new company-specific catalysts; useful for positioning and valuation checks. Head-To-Head Analysis: First American Financial (NYSE:FAF) & Progressive (NYSE:PGR)
• Neutral Sentiment: Press about Progressive Planet Solutions (a different ticker, PLAN) reporting record Q3 revenue is unrelated to PGR’s fundamentals but can cause occasional ticker-confusion among retail investors. Progressive Planet Posts Record Q3 Revenue but Takes One-Time Charges to Fund Growth
• Negative Sentiment: Progressive announced that CFO John Sauerland will retire after a 35-year tenure. Leadership transitions at the finance level can raise short-term uncertainty around execution and capital allocation. Progressive (PGR) CFO John Sauerland to Retire After 35-Year Tenure
• Negative Sentiment: BMO Capital Markets cut its PGR price target to $208, signaling reduced near-term upside and contributing to analyst-driven selling pressure. Progressive (NYSE:PGR) Price Target Cut to $208.00 by Analysts at BMO Capital Markets
• Negative Sentiment: Bank of America published a pessimistic forecast for PGR’s stock, adding to downside sentiment from institutional analysts. Bank of America Issues Pessimistic Forecast for Progressive (NYSE:PGR) Stock Price
• Negative Sentiment: Some commentary (The Motley Fool) suggests Progressive’s exceptional 2025 results “may have been too good to last,” raising concerns about reversion to mean in underwriting or investment results. 3 Dirt-Cheap Stocks to Buy With $1,000 Right Now

Progressive Trading Up 0.0%

Progressive stock opened at $205.22 on Friday. The firm has a market cap of $120.24 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 8.94 and a beta of 0.33. The Progressive Corporation has a 1 year low of $197.92 and a 1 year high of $292.99. The firm’s 50 day moving average price is $206.96 and its two-hundred day moving average price is $222.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s payout ratio is 2.08%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Progressive from $225.00 to $232.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. The Goldman Sachs Group reissued a “buy” rating and issued a $225.00 price objective on shares of Progressive in a research note on Monday, February 23rd. Morgan Stanley cut their price objective on Progressive from $214.00 to $205.00 and set an “underweight” rating for the company in a report on Wednesday, January 28th. Piper Sandler reaffirmed an “overweight” rating and set a $259.00 target price on shares of Progressive in a research note on Monday, March 2nd. Finally, Wells Fargo & Company lowered their target price on Progressive from $220.00 to $214.00 and set an “equal weight” rating on the stock in a report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $241.94.

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.