Wellington Management Group LLP Boosts Stock Position in PROG Holdings, Inc $PRG

by · The Markets Daily

Wellington Management Group LLP increased its holdings in PROG Holdings, Inc (NYSE:PRG – Free Report) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 697,324 shares of the fintech holding company’s stock after purchasing an additional 77,291 shares during the quarter. Wellington Management Group LLP’s holdings in PROG were worth $32,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in PROG by 23.4% in the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock worth $955,000 after buying an additional 6,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of PROG by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock valued at $648,000 after buying an additional 1,162 shares during the period. Millennium Management LLC increased its stake in shares of PROG by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock valued at $17,913,000 after buying an additional 259,630 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of PROG by 5.4% during the first quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock valued at $8,342,000 after acquiring an additional 16,126 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in shares of PROG during the first quarter valued at approximately $233,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Analyst Ratings Changes

PRG has been the topic of several recent analyst reports. Wall Street Zen cut shares of PROG from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Jefferies Financial Group upgraded shares of PROG from a “hold” rating to a “buy” rating and upped their price objective for the stock from $33.00 to $60.00 in a report on Wednesday, July 8th. TD Cowen raised their target price on shares of PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings raised shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Finally, Loop Capital cut shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, PROG has an average rating of “Moderate Buy” and an average target price of $49.44.

Check Out Our Latest Analysis on PRG

PROG Price Performance

PRG stock opened at $39.37 on Friday. The firm has a 50 day moving average price of $42.86 and a 200-day moving average price of $36.85. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 10.88 and a beta of 1.76. PROG Holdings, Inc has a 52-week low of $25.80 and a 52-week high of $47.73. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.29 and a current ratio of 4.03.

PROG (NYSE:PRG – Get Free Report) last issued its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.24. PROG had a net margin of 5.57% and a return on equity of 21.88%. The firm had revenue of $719.72 million for the quarter, compared to the consensus estimate of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Equities research analysts forecast that PROG Holdings, Inc will post 4.95 EPS for the current fiscal year.

PROG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, August 18th. PROG’s dividend payout ratio is 15.47%.

Insider Transactions at PROG

In other news, CAO George M. Sewell sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total value of $91,060.00. Following the transaction, the chief accounting officer owned 28,385 shares of the company’s stock, valued at approximately $1,292,369.05. The trade was a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael King sold 1,070 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total value of $49,220.00. Following the completion of the sale, the insider owned 60,825 shares in the company, valued at $2,797,950. This represents a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,000 shares of company stock valued at $183,060. Company insiders own 3.72% of the company’s stock.

About PROG

(Free Report)

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.

Featured Articles

Want to see what other hedge funds are holding PRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PROG Holdings, Inc (NYSE:PRG – Free Report).