Dogwood Wealth Management LLC Acquires 2,513 Shares of The Progressive Corporation $PGR

Dogwood Wealth Management LLC grew its holdings in The Progressive Corporation (NYSE:PGR) by 6,791.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,550 shares of the insurance provider’s stock after purchasing an additional 2,513 shares during the quarter. Dogwood Wealth Management LLC’s holdings in Progressive were worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Illinois Municipal Retirement Fund lifted its stake in shares of Progressive by 30.2% in the third quarter. Illinois Municipal Retirement Fund now owns 102,778 shares of the insurance provider’s stock worth $25,381,000 after acquiring an additional 23,833 shares during the period. Allstate Corp lifted its position in shares of Progressive by 1,614.1% in the 3rd quarter. Allstate Corp now owns 21,598 shares of the insurance provider’s stock worth $5,334,000 after purchasing an additional 20,338 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of Progressive by 91.7% in the 3rd quarter. Gateway Investment Advisers LLC now owns 11,710 shares of the insurance provider’s stock worth $2,892,000 after purchasing an additional 5,600 shares during the period. Mather Group LLC. boosted its stake in shares of Progressive by 40.6% in the 3rd quarter. Mather Group LLC. now owns 16,840 shares of the insurance provider’s stock valued at $4,159,000 after purchasing an additional 4,865 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its position in shares of Progressive by 471.3% during the third quarter. Arkadios Wealth Advisors now owns 22,496 shares of the insurance provider’s stock worth $5,556,000 after buying an additional 18,558 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Activity at Progressive

In other Progressive news, CIO Jonathan S. Bauer sold 3,105 shares of Progressive stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $204.35, for a total transaction of $634,506.75. Following the transaction, the executive directly owned 26,249 shares of the company’s stock, valued at $5,363,983.15. The trade was a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Broz sold 1,344 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $224.80, for a total transaction of $302,131.20. Following the completion of the sale, the insider owned 26,354 shares of the company’s stock, valued at approximately $5,924,379.20. This represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,103 shares of company stock valued at $3,026,324 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Key Stories Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive will host an Investor Relations event on March 3 (45-minute presentation on capital & investments, followed by Q&A with the CEO and CFO); Progressive will file its Form 10‑K on March 2 — a near-term transparency event that could reset expectations. Progressive Announces Investor Relations Event
• Neutral Sentiment: Industry/valuation narrative is shifting as analysts recalibrate fair value for PGR; coverage remains mixed (some trims to targets, some buys) — this is creating divergent guidance for the stock rather than a unanimous directional signal. How The Progressive (PGR) Narrative Is Shifting
• Negative Sentiment: BofA cut its price target on PGR to $315 from $329 (but kept a Buy rating) — a downgrade to the target reduces upside expectations and may weigh on sentiment. BofA Lowers its Price Target on The Progressive Corporation (PGR)
• Negative Sentiment: Insider selling: CIO Jonathan Bauer sold 2,266 shares (~$460k) on Feb. 23 and insider Maribel Pumarejo sold 739 shares (~$150k) on Feb. 24 — continued executive sales can pressure the stock and signal liquidity-taking by insiders. Progressive (NYSE:PGR) CIO Sells $460,111.30 in Stock
• Negative Sentiment: Institutional reshuffling: recent large reductions (e.g., UBS AM and FMR trimming Q4 positions) indicate some major holders are cutting exposure — this can amplify downside pressure until fresh buying appears. The Progressive Corporation to Host Investor Relations Event on March 3, 2026

Progressive Trading Down 0.8%

PGR opened at $204.35 on Thursday. The Progressive Corporation has a fifty-two week low of $197.92 and a fifty-two week high of $292.99. The firm has a market capitalization of $119.83 billion, a PE ratio of 10.62, a P/E/G ratio of 8.99 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.38 and a quick ratio of 0.29. The company’s 50-day moving average is $211.04 and its 200 day moving average is $225.72.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, January 2nd. Progressive’s dividend payout ratio (DPR) is currently 2.08%.

Analysts Set New Price Targets

A number of analysts have commented on PGR shares. JPMorgan Chase & Co. cut their price target on shares of Progressive from $303.00 to $275.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. The Goldman Sachs Group restated a “buy” rating and set a $225.00 target price on shares of Progressive in a research report on Monday. Mizuho set a $240.00 target price on Progressive in a research note on Wednesday, January 14th. Morgan Stanley dropped their price target on Progressive from $214.00 to $205.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 28th. Finally, UBS Group cut their price target on Progressive from $226.00 to $218.00 and set a “neutral” rating on the stock in a report on Monday. Six equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Progressive currently has a consensus rating of “Hold” and an average target price of $244.71.

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.