PROG (NYSE:PRG) Insider Sells $42,780.00 in Stock

PROG Holdings, Inc (NYSE:PRG) insider Michael Todd King sold 930 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $46.00, for a total value of $42,780.00. Following the completion of the transaction, the insider directly owned 61,895 shares of the company’s stock, valued at approximately $2,847,170. This trade represents a 1.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Michael Todd King also recently made the following trade(s):

• On Wednesday, August 5th, Michael Todd King sold 1,070 shares of PROG stock. The stock was sold at an average price of $46.00, for a total value of $49,220.00.

PROG Stock Down 1.5%

PROG stock opened at $42.79 on Friday. The business’s 50-day moving average price is $42.06 and its 200 day moving average price is $35.89. The company has a quick ratio of 2.29, a current ratio of 4.03 and a debt-to-equity ratio of 1.10. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 11.82 and a beta of 1.79. PROG Holdings, Inc has a 52 week low of $25.80 and a 52 week high of $47.73.

PROG (NYSE:PRG) last announced its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The company had revenue of $719.72 million during the quarter, compared to the consensus estimate of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, sell-side analysts anticipate that PROG Holdings, Inc will post 4.95 earnings per share for the current year.

PROG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 18th. PROG’s payout ratio is 15.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PRG. Goldman Sachs Group Inc. lifted its stake in PROG by 436.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock valued at $53,792,000 after buying an additional 1,483,751 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of PROG by 588.0% during the first quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock valued at $24,100,000 after acquiring an additional 717,932 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of PROG in the second quarter valued at approximately $31,229,000. UBS Group AG lifted its position in shares of PROG by 102.4% in the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock valued at $26,654,000 after acquiring an additional 416,658 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of PROG by 37.7% in the fourth quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock worth $34,205,000 after acquiring an additional 317,600 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PRG. Stephens raised their price target on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Loop Capital downgraded shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research report on Wednesday, July 1st. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. KeyCorp raised their target price on PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, B. Riley Financial raised their target price on PROG from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, PROG presently has a consensus rating of “Moderate Buy” and an average price target of $49.44.

About PROG

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.