Progressive (NYSE:PGR) Shares Down 3.9% – Here’s Why

17 Dec 2025, 17:14 by Michael Walen · The Markets Daily

Shares of The Progressive Corporation (NYSE:PGR – Get Free Report) were down 3.9% during trading on Wednesday . The company traded as low as $218.83 and last traded at $222.6560. Approximately 489,422 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 3,238,872 shares. The stock had previously closed at $231.81.

Analyst Ratings Changes

Several brokerages recently weighed in on PGR. JPMorgan Chase & Co. increased their price objective on shares of Progressive from $301.00 to $303.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Wells Fargo & Company boosted their price objective on shares of Progressive from $246.00 to $247.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Raymond James Financial reduced their price target on shares of Progressive from $305.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. BMO Capital Markets set a $256.00 price target on Progressive in a report on Tuesday, December 9th. Finally, Citigroup dropped their target price on shares of Progressive from $301.38 to $300.60 and set a “buy” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $264.92.

Check Out Our Latest Stock Analysis on PGR

Progressive Stock Down 1.9%

The stock has a market capitalization of $133.35 billion, a PE ratio of 12.44, a PEG ratio of 1.05 and a beta of 0.36. The company has a 50 day moving average price of $223.74 and a 200-day moving average price of $241.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29.

Progressive (NYSE:PGR – Get Free Report) last issued its quarterly earnings results on Wednesday, October 15th. The insurance provider reported $4.45 EPS for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). The company had revenue of $21.38 billion during 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 quarter in the previous year, the company earned $3.58 EPS. As a group, analysts forecast that The Progressive Corporation will post 14.68 earnings per share for the current fiscal year.

Progressive Dividend Announcement

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

Insider Buying and Selling

In other Progressive news, insider Steven Broz sold 1,345 shares of Progressive stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $228.29, for a total transaction of $307,050.05. Following the completion of the transaction, the insider owned 27,698 shares in the company, valued at approximately $6,323,176.42. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Jo Murphy sold 2,218 shares of the stock in a transaction 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 approximately $10,532,802.60. This represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 17,673 shares of company stock valued at $4,163,005. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Progressive

Several institutional investors and hedge funds have recently modified their holdings of PGR. Davis Capital Management bought a new position in shares of Progressive during the third quarter worth about $25,000. Ameriflex Group Inc. grew its holdings in Progressive by 106.6% in the 3rd quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Progressive in the 2nd quarter valued at approximately $33,000. Westside Investment Management Inc. boosted its position in Progressive by 900.0% during the 2nd quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 117 shares during the period. Finally, Howard Hughes Medical Institute acquired a new position in shares of Progressive during the second quarter valued at $34,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.

About Progressive

(Get Free Report)

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.