Pacer Advisors Inc. Cuts Stake in The Progressive Corporation $PGR

Pacer Advisors Inc. reduced its position in The Progressive Corporation (NYSE:PGR) by 31.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,997 shares of the insurance provider’s stock after selling 17,509 shares during the quarter. Pacer Advisors Inc.’s holdings in Progressive were worth $7,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PGR. Bard Associates Inc. bought a new stake in shares of Progressive in the 4th quarter valued at about $27,000. Bogart Wealth LLC boosted 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 purchasing an additional 87 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new position in Progressive in the fourth quarter worth approximately $29,000. HHM Wealth Advisors LLC lifted its holdings in Progressive by 700.0% during the first quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock worth $29,000 after buying an additional 126 shares during the period. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of Progressive in the 4th quarter valued at $33,000. 85.34% of the stock is currently owned by institutional investors.

Progressive Price Performance

Shares of Progressive stock opened at $212.50 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $212.09 and a 200 day moving average price of $206.11. The firm has a market cap of $123.54 billion, a PE ratio of 10.66, a P/E/G ratio of 2.85 and a beta of 0.27. The Progressive Corporation has a twelve month low of $189.20 and a twelve month high of $254.93.

Progressive Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on PGR. Evercore set a $240.00 price target on shares of Progressive in a research report on Friday, July 10th. UBS Group lifted their price target on shares of Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. William Blair reissued a “market perform” rating on shares of Progressive in a research report on Wednesday, July 15th. Royal Bank Of Canada set a $208.00 target price on Progressive in a research report on Friday, May 22nd. Finally, Morgan Stanley upgraded Progressive from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $190.00 to $210.00 in a research note on Friday, July 24th. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Progressive currently has an average rating of “Hold” and an average price target of $235.26.

Progressive News Summary

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

Insider Transactions at Progressive

In other Progressive news, insider John Jo Murphy sold 8,124 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $212.70, for a total value of $1,727,974.80. Following the completion of the sale, the insider owned 41,291 shares in the company, valued at approximately $8,782,595.70. This represents a 16.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Karen Bailo sold 8,452 shares of Progressive stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $212.71, for a total value of $1,797,824.92. Following the sale, the insider owned 32,348 shares in the company, valued at $6,880,743.08. This represents a 20.72% 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. In the last quarter, insiders sold 74,885 shares of company stock valued at $15,880,459. Company insiders own 0.32% of the company’s stock.

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.