9,111 Shares in The Progressive Corporation $PGR Acquired by Tema Etfs LLC

Tema Etfs LLC acquired a new stake in The Progressive Corporation (NYSE:PGR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,111 shares of the insurance provider’s stock, valued at approximately $2,250,000.

Other large investors have also bought and sold shares of the company. Davis Capital Management purchased a new position in shares of Progressive during the 3rd quarter valued at $25,000. Atlantic Union Bankshares Corp purchased a new stake in Progressive in the 2nd quarter worth about $33,000. Westside Investment Management Inc. raised its stake in Progressive by 900.0% in the 2nd quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 117 shares during the period. Howard Hughes Medical Institute bought a new stake in Progressive in the 2nd quarter valued at about $34,000. Finally, Richardson Financial Services Inc. lifted its holdings in Progressive by 1,885.7% during the second quarter. Richardson Financial Services Inc. now owns 139 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Progressive

In related news, insider Steven Broz sold 1,344 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $224.80, for a total value of $302,131.20. Following the sale, the insider directly owned 26,354 shares of the company’s stock, valued at $5,924,379.20. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John P. Sauerland sold 5,000 shares of Progressive stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $228.48, for a total transaction of $1,142,400.00. Following the sale, the chief financial officer owned 223,024 shares of the company’s stock, valued at approximately $50,956,523.52. The trade was a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 9,034 shares of company stock valued at $2,047,481. Corporate insiders own 0.33% of the company’s stock.

Progressive Stock Up 0.7%

Shares of NYSE:PGR opened at $216.65 on Tuesday. The firm has a fifty day moving average price of $223.51 and a two-hundred day moving average price of $235.47. The company has a market cap of $127.04 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.31 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29. The Progressive Corporation has a one year low of $199.90 and a one year high of $292.99.

Progressive (NYSE:PGR) last released its quarterly earnings results on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share for the quarter, missing the consensus estimate of $5.04 by ($0.59). The firm had revenue of $21.38 billion during the quarter, compared to the consensus estimate of $21.64 billion. Progressive had a return on equity of 33.88% and a net margin of 12.57%.During the same period in the previous year, the company posted $3.58 EPS. Analysts anticipate that The Progressive Corporation will post 14.68 EPS for the current fiscal year.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is presently 2.19%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI reduced their target price on shares of Progressive from $250.00 to $237.00 and set an “in-line” rating for the company in a research note on Wednesday, January 7th. Zacks Research lowered shares of Progressive from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Bank of America lowered their target price on shares of Progressive from $350.00 to $348.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Morgan Stanley restated an “underweight” rating on shares of Progressive in a research report on Wednesday, December 17th. Finally, William Blair lowered Progressive from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Progressive currently has a consensus rating of “Hold” and a consensus price target of $260.74.

Progressive News Roundup

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Long-term bullish analysis: a Seeking Alpha piece argues Progressive remains a multi-year compounder thanks to disciplined underwriting, strong margin profile and growth opportunities — a bull case that can attract value-minded investors after recent declines. Progressive: A Long-Term Compounder Built On Underwriting Discipline
• Neutral Sentiment: Valuation discussion: multiple articles note PGR is ~21% off its highs and looks cheaper on P/E metrics, but stress that a lower multiple isn’t an automatic buy — investors should weigh margin trends and industry headwinds. Down 21% From All-Time Highs, Is Progressive Stock a Buy?
• Neutral Sentiment: Retail commentary repeats the “cheaper but watchful” view: The Motley Fool/other outlets highlight solid core profitability but caution investors to probe the reasons for the discount (industry cycle, underwriting margin risk). Down 21% From All-Time Highs, Is Progressive Stock a Buy?
• Neutral Sentiment: Consensus stance: aggregate analyst coverage sits near a “Hold” average (mix of buy/hold/sell) — that keeps upside expectations muted until fundamentals clarify. The Progressive Corporation (NYSE:PGR) Given Consensus Recommendation of “Hold” by Analysts
• Negative Sentiment: Analyst price-target cuts and near-term caution: Evercore ISI, BofA and JPMorgan trimmed price targets (Evercore cited a tougher 2026 for P&C fundamentals) and reiterated more cautious/inline ratings — a direct pressure on sentiment and potential catalyst for further near-term downside. Evercore ISI, BofA, and JPMorgan Reduce PT on The Progressive Corporation (PGR) Amid Slowing Industry Fundamentals

Progressive Company 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.