Edgestream Partners L.P. Trims Holdings in The Progressive Corporation $PGR

Edgestream Partners L.P. reduced its position in shares of The Progressive Corporation (NYSE:PGR) by 74.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,249 shares of the insurance provider’s stock after selling 3,658 shares during the period. Edgestream Partners L.P.’s holdings in Progressive were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bogart Wealth LLC lifted its stake in shares of Progressive by 235.1% during the first quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares during the period. Bard Associates Inc. purchased a new position in shares of Progressive during the 4th quarter worth $27,000. HHM Wealth Advisors LLC lifted its stake in shares of Progressive by 700.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 126 shares during the period. IFC & Insurance Marketing Inc. acquired a new stake in shares of Progressive during the fourth quarter worth $29,000. Finally, Entrust Financial LLC acquired a new stake in shares of Progressive during the fourth quarter worth $33,000. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Progressive Trading Up 0.8%

NYSE:PGR opened at $212.50 on Thursday. The business’s 50-day moving average is $212.09 and its two-hundred day moving average is $206.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.27. The Progressive Corporation has a 12 month low of $189.20 and a 12 month high of $254.93. The firm has a market capitalization of $123.54 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 2.85 and a beta of 0.27.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive’s dividend payout ratio (DPR) is presently 2.01%.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive’s second-quarter earnings call highlighted continued auto-insurance leadership and signs of a turnaround in its property business. These trends could support premium growth, profitability and improved diversification. Progressive’s Earnings Call: Auto Leadership, Property Turnaround
• Positive Sentiment: Coverage of the Q2 presentation and earnings call gives investors additional detail on the company’s financial performance, operating metrics and capital-allocation plans. Progressive’s ability to deploy capital while maintaining balance-sheet strength remains a favorable factor. The Progressive Corporation 2026 Q2 Results Earnings Call Presentation
• Neutral Sentiment: Wolfe Research maintained a Hold rating, citing a balanced risk-reward profile and robust capital deployment. The decision suggests analysts see solid execution but limited near-term catalysts at the current valuation. Progressive: Balanced Risk-Reward and Robust Capital Deployment Support Hold Rating
• Neutral Sentiment: Recent analysis compares Progressive’s second-quarter revenue and earnings-related metrics with Wall Street expectations and year-ago results, keeping investor attention focused on growth, margins and underwriting performance. Progressive Q2 Earnings: Key Metrics Versus Estimates
• Negative Sentiment: JPMorgan lowered its price target from $250 to $241 and kept a Neutral rating. Although the revised target still implies upside, the cut signals more restrained expectations following the earnings update. JPMorgan Lowers Progressive Price Target

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. BMO Capital Markets dropped their target price on Progressive from $220.00 to $205.00 and set a “market perform” rating for the company in a research note on Thursday, July 16th. William Blair restated a “market perform” rating on shares of Progressive in a report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Progressive from $231.00 to $226.00 and set a “market perform” rating for the company in a research note on Thursday, July 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Progressive in a research report on Monday. Finally, Mizuho set a $236.00 price target on shares of Progressive in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $235.26.

Insider Activity

In other news, CFO Andrew J. Quigg sold 3,499 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $220.00, for a total transaction of $769,780.00. Following the transaction, the chief financial officer directly owned 42,595 shares of the company’s stock, valued at approximately $9,370,900. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Jo Murphy sold 8,124 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $212.70, for a total transaction of $1,727,974.80. Following the completion of the transaction, the insider owned 41,291 shares of the company’s stock, valued at $8,782,595.70. This trade represents a 16.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 74,885 shares of company stock worth $15,880,459 in the last ninety days. 0.32% of the stock is currently owned by company 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.