Fayez Sarofim & Co Sells 80,372 Shares of The Progressive Corporation $PGR

09 Dec 2025, 05:24 by Renee Jackson · The Cerbat Gem

Fayez Sarofim & Co decreased its stake in The Progressive Corporation (NYSE:PGR – Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,060,418 shares of the insurance provider’s stock after selling 80,372 shares during the period. Progressive comprises about 1.3% of Fayez Sarofim & Co’s holdings, making the stock its 25th largest holding. Fayez Sarofim & Co owned about 0.35% of Progressive worth $549,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new position in shares of Progressive during the second quarter worth $33,000. Ransom Advisory Ltd acquired a new stake in shares of Progressive during the 1st quarter valued at $35,000. Howard Hughes Medical Institute bought a new stake in Progressive during the 2nd quarter worth $34,000. Activest Wealth Management increased its holdings in Progressive by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 127 shares in the last quarter. Finally, Westside Investment Management Inc. raised its position in Progressive by 900.0% in the second quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Progressive Trading Up 0.0%

NYSE:PGR opened at $222.89 on Tuesday. The Progressive Corporation has a 52 week low of $199.90 and a 52 week high of $292.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s fifty day moving average is $225.45 and its 200-day moving average is $243.86. The firm has a market cap of $130.71 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.99 and a beta of 0.36.

Progressive (NYSE:PGR – Get Free Report) last announced its earnings results 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 firm had revenue of $21.38 billion for 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 prior year, the business earned $3.58 EPS. Equities analysts expect that The Progressive Corporation will post 14.68 earnings per share for the current year.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd will be paid 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 of this dividend is Friday, January 2nd. Progressive’s payout ratio is currently 2.19%.

Insiders Place Their Bets

In related news, insider John Jo Murphy sold 2,218 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $242.10, for a total transaction of $536,977.80. Following the completion of the sale, the insider 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. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $228.48, for a total value of $1,142,400.00. Following the completion of 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. Insiders have sold 17,673 shares of company stock worth $4,163,005 in the last quarter. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore ISI cut their price target 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. Keefe, Bruyette & Woods reduced their target price on shares of Progressive from $262.00 to $246.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. HSBC set a $259.00 price target on shares of Progressive and gave the company an “underperform” rating in a research report on Monday, November 17th. Wall Street Zen cut shares of Progressive from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, BMO Capital Markets restated a “market perform” rating on shares of Progressive in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $266.52.

View Our Latest Stock Report on PGR

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