SG Americas Securities LLC Has $259.77 Million Holdings in The Progressive Corporation $PGR

SG Americas Securities LLC lifted its holdings in shares of The Progressive Corporation (NYSE:PGR) by 114.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,140,741 shares of the insurance provider’s stock after buying an additional 608,225 shares during the quarter. SG Americas Securities LLC’s holdings in Progressive were worth $259,770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Progressive by 15.6% in the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock valued at $813,000 after acquiring an additional 457 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Progressive during the 4th quarter worth $269,000. Bison Wealth LLC raised its position in shares of Progressive by 3.2% during the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock valued at $615,000 after acquiring an additional 80 shares during the last quarter. AlphaCore Capital LLC lifted its stake in shares of Progressive by 15.0% in the 2nd quarter. AlphaCore Capital LLC now owns 2,754 shares of the insurance provider’s stock valued at $735,000 after purchasing an additional 359 shares during the period. Finally, Vestor Capital LLC lifted its stake in shares of Progressive by 210.2% in the 2nd quarter. Vestor Capital LLC now owns 850 shares of the insurance provider’s stock valued at $227,000 after purchasing an additional 576 shares during the period. 85.34% of the stock is owned by institutional investors.

Progressive News Roundup

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive priced $1.5 billion of senior notes ($500M 4.60% due 2031; $1B 5.15% due 2036) at roughly par, showing clear access to capital markets and raising liquidity without issuing equity — a constructive move for funding and avoiding dilution. GlobeNewsWire Release
• Neutral Sentiment: Market analysis frames the offering as a rebalancing of capital structure — investors get improved near-term liquidity and predictable interest cost, but tradeoffs include reduced headroom for buybacks or equity-friendly moves. Yahoo: Capital Structure Analysis
• Neutral Sentiment: The deal was placed by major underwriters under an effective S-3 registration and priced only slightly below par (99.987% and 99.676%), signaling reasonable demand in current fixed‑income markets — procedurally positive but not an immediate earnings driver. Quiver/Press Summary
• Negative Sentiment: Analysts remain cautious: UBS raised its price target slightly but kept a “neutral” rating and Mizuho trimmed its target — mixed/tepid analyst actions can cap upside and signal limited near-term enthusiasm. Benzinga: UBS PT Change Mizuho PT Cut
• Negative Sentiment: Insider selling: CAO Carl G. Joyce reported a small sale (270 shares) this week. The amount is immaterial financially but contributes to a cautious sentiment backdrop when combined with debt issuance and analyst conservatism. SEC Form 4

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. William Blair cut Progressive from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. The Goldman Sachs Group restated a “buy” rating and set a $225.00 target price on shares of Progressive in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Progressive in a research report on Monday, December 29th. Jefferies Financial Group set a $216.00 price target on Progressive in a research note on Wednesday, February 11th. Finally, Morgan Stanley cut their price target on shares of Progressive from $214.00 to $205.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $239.83.

Progressive Stock Down 0.5%

NYSE:PGR opened at $204.97 on Tuesday. The Progressive Corporation has a 1 year low of $197.92 and a 1 year high of $289.96. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $120.09 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 6.49 and a beta of 0.33. The stock has a 50-day moving average price of $205.84 and a two-hundred day moving average price of $220.49.

Progressive Dividend Announcement

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

Insiders Place Their Bets

In related news, CIO Jonathan S. Bauer sold 3,105 shares of the stock in a transaction that occurred on 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 sale, the executive directly owned 26,249 shares of the company’s stock, valued at approximately $5,363,983.15. This represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Carl G. Joyce sold 270 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $206.50, for a total transaction of $55,755.00. Following the sale, the chief accounting officer owned 558 shares in the company, valued at $115,227. This trade represents a 32.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,687 shares of company stock worth $2,413,044 in the last three months. 0.33% of the stock is owned by corporate insiders.

Progressive 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.