The Progressive Corporation $PGR Shares Purchased by Bridgefront Capital LLC

Bridgefront Capital LLC grew its holdings in shares of The Progressive Corporation (NYSE:PGR) by 144.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,420 shares of the insurance provider’s stock after purchasing an additional 2,609 shares during the period. Bridgefront Capital LLC’s holdings in Progressive were worth $1,092,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PGR. Davis Capital Management bought a new stake in shares of Progressive during the 3rd quarter valued at about $25,000. Howard Hughes Medical Institute bought a new position in Progressive in the second quarter worth about $34,000. Ameriflex Group Inc. lifted its holdings in Progressive by 106.6% in the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. TruNorth Capital Management LLC boosted its stake in Progressive by 450.0% in the third quarter. TruNorth Capital Management LLC now owns 165 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 135 shares during the period. Finally, Richardson Financial Services Inc. boosted its stake in Progressive by 41.0% in the third quarter. Richardson Financial Services Inc. now owns 196 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 57 shares during the period. 85.34% of the stock is currently owned by institutional investors.

Trending Headlines about Progressive

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 Stock Performance

Shares of PGR stock opened at $205.22 on Friday. The Progressive Corporation has a 12-month low of $197.92 and a 12-month high of $292.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization 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 business has a 50 day simple moving average of $206.96 and a 200 day simple moving average of $222.48.

Progressive Announces Dividend

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

Analysts Set New Price Targets

PGR has been the topic of a number of research reports. Roth Mkm set a $235.00 price target on Progressive in a research report on Thursday, February 19th. Barclays upgraded Progressive from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $257.00 to $265.00 in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Progressive in a research report on Monday, December 29th. Piper Sandler reiterated an “overweight” rating and issued a $259.00 target price on shares of Progressive in a research note on Monday, March 2nd. Finally, Bank of America lowered their price target on shares of Progressive from $315.00 to $308.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $241.94.

Insider Activity at Progressive

In related news, CIO Jonathan S. Bauer sold 3,105 shares of the 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 in the company, valued at $5,363,983.15. This represents a 10.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Maribel Pumarejo sold 739 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total transaction of $150,201.75. The SEC filing for this sale provides additional information. In the last three months, insiders sold 12,761 shares of company stock valued at $2,659,420. 0.34% of the stock is owned by corporate insiders.

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.