Legal & General Group Plc Takes $875.47 Million Position in The Progressive Corporation $PGR

25 Aug 2026, 11:03 by Michael Walen · The Markets Daily

Legal & General Group Plc acquired a new stake in shares of The Progressive Corporation (NYSE:PGR – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,007,622 shares of the insurance provider’s stock, valued at approximately $875,465,000. Legal & General Group Plc owned about 0.69% of Progressive at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PGR. Pines Wealth Management LLC lifted its stake in Progressive by 3.9% during the 4th quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider’s stock valued at $319,000 after acquiring an additional 52 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Progressive by 0.3% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider’s stock worth $4,267,000 after acquiring an additional 52 shares during the period. Phillips Wealth Planners LLC raised its holdings in shares of Progressive by 2.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,916 shares of the insurance provider’s stock valued at $436,000 after purchasing an additional 52 shares during the last quarter. Sumitomo Life Insurance Co. lifted its position in Progressive by 1.2% during the fourth quarter. Sumitomo Life Insurance Co. now owns 4,307 shares of the insurance provider’s stock valued at $981,000 after purchasing an additional 52 shares during the period. Finally, Brown Miller Wealth Management LLC boosted its holdings in Progressive by 2.4% in the second quarter. Brown Miller Wealth Management LLC now owns 2,365 shares of the insurance provider’s stock worth $517,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Wall Street Analysts Forecast Growth

PGR has been the subject of a number of research reports. Evercore set a $240.00 target price on shares of Progressive in a research note on Friday, July 10th. JPMorgan Chase & Co. dropped their price target on Progressive from $250.00 to $241.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Bank of America cut their price objective on Progressive from $313.00 to $308.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Morgan Stanley raised Progressive from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $190.00 to $210.00 in a report on Friday, July 24th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $228.00 target price on shares of Progressive in a research report on Wednesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $236.05.

Get Our Latest Analysis on PGR

Progressive Stock Up 2.1%

PGR stock opened at $223.87 on Tuesday. The Progressive Corporation has a twelve month low of $189.20 and a twelve month high of $249.83. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.24. The stock has a market cap of $130.15 billion, a P/E ratio of 11.23, a PEG ratio of 2.93 and a beta of 0.27. The business’s 50-day moving average price is $215.94 and its 200-day moving average price is $206.82.

Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.64 by $1.03. Progressive had a return on equity of 32.92% and a net margin of 12.84%.The company had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $19.49 billion. During the same period in the previous year, the company posted $5.40 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts forecast that The Progressive Corporation will post 17.71 EPS for the current year.

Progressive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be given 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 is Thursday, October 1st. Progressive’s dividend payout ratio is presently 2.01%.

Insider Transactions at Progressive

In other news, CFO Andrew J. Quigg sold 3,499 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $220.00, for a total transaction of $769,780.00. Following the sale, the chief financial officer directly owned 42,595 shares in the company, valued at $9,370,900. This trade represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 on Monday, July 27th. The shares were sold at an average price of $212.71, for a total transaction of $1,797,824.92. Following the transaction, the insider owned 32,348 shares in the company, valued at approximately $6,880,743.08. This trade represents a 20.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 83,449 shares of company stock valued at $17,685,203. Company insiders own 0.32% of the company’s stock.

Progressive Company Profile

(Free Report)

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.