The Progressive Corporation $PGR Shares Acquired by Ossiam

09 Dec 2025, 08:02 by Scott Moore · The Cerbat Gem

Ossiam increased its stake in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 47.7% in the 2nd quarter, Holdings Channel reports. The firm owned 20,648 shares of the insurance provider’s stock after purchasing an additional 6,672 shares during the period. Ossiam’s holdings in Progressive were worth $5,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Progressive during the 2nd quarter worth approximately $2,156,939,000. GQG Partners LLC raised its stake in Progressive by 61.4% in the 1st quarter. GQG Partners LLC now owns 8,346,133 shares of the insurance provider’s stock valued at $2,362,039,000 after purchasing an additional 3,174,632 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Progressive by 15.2% in the 1st quarter. Alliancebernstein L.P. now owns 8,263,157 shares of the insurance provider’s stock valued at $2,338,556,000 after purchasing an additional 1,091,828 shares in the last quarter. Axiom Investors LLC DE acquired a new stake in Progressive during the 1st quarter worth $194,557,000. Finally, 1832 Asset Management L.P. grew its holdings in shares of Progressive by 123.1% during the first quarter. 1832 Asset Management L.P. now owns 1,160,302 shares of the insurance provider’s stock worth $328,377,000 after buying an additional 640,306 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PGR has been the topic of a number of recent research reports. Jefferies Financial Group lowered shares of Progressive from a “buy” rating to a “hold” rating and lowered their price target for the stock from $261.00 to $232.00 in a research report on Friday, November 14th. Citigroup dropped their price target on Progressive from $312.00 to $301.38 and set a “buy” rating for the company in a research report on Thursday, October 16th. Keefe, Bruyette & Woods cut their price target on Progressive from $262.00 to $246.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Evercore ISI lowered their price objective on Progressive from $275.00 to $273.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 1st. Finally, Zacks Research lowered Progressive from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Progressive presently has a consensus rating of “Hold” and a consensus price target of $266.52.

View Our Latest Stock Analysis on Progressive

Progressive Stock Performance

Shares of PGR stock opened at $222.89 on Tuesday. The firm has a 50 day moving average of $225.45 and a two-hundred day moving average of $243.86. The stock has a market capitalization of $130.71 billion, a PE ratio of 12.23, a P/E/G ratio of 0.99 and a beta of 0.36. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.19. The Progressive Corporation has a 52 week low of $199.90 and a 52 week high of $292.99.

Progressive (NYSE:PGR – Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). The company had revenue of $21.38 billion for the quarter, compared to analysts’ expectations 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 prior year, the company posted $3.58 EPS. On average, research analysts predict that The Progressive Corporation will post 14.68 EPS for the current fiscal year.

Progressive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s dividend payout ratio is currently 2.19%.

Insiders Place Their Bets

In related news, CFO John P. Sauerland sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $228.48, for a total transaction of $1,142,400.00. Following the completion of the sale, the chief financial officer owned 223,024 shares in the company, valued at $50,956,523.52. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Jo Murphy sold 2,218 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $242.10, for a total value of $536,977.80. Following the completion of the transaction, the insider directly owned 43,506 shares of the company’s stock, valued at $10,532,802.60. This trade represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,673 shares of company stock valued at $4,163,005 in the last three months. Corporate insiders own 0.33% of the company’s stock.

About Progressive

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