Illinois Municipal Retirement Fund Has $22.73 Million Position in The Progressive Corporation $PGR

Illinois Municipal Retirement Fund lifted its holdings in The Progressive Corporation (NYSE:PGR) by 28.3% during the first quarter, HoldingsChannel reports. The firm owned 114,669 shares of the insurance provider’s stock after purchasing an additional 25,259 shares during the period. Illinois Municipal Retirement Fund’s holdings in Progressive were worth $22,732,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Progressive in the 4th quarter valued at approximately $1,836,094,000. Wellington Management Group LLP increased its position in Progressive by 181.8% in the 4th quarter. Wellington Management Group LLP now owns 6,506,302 shares of the insurance provider’s stock worth $1,481,615,000 after buying an additional 4,197,212 shares during the period. Diamant Asset Management Inc. lifted its holdings in shares of Progressive by 19,724.0% during the first quarter. Diamant Asset Management Inc. now owns 4,068,876 shares of the insurance provider’s stock worth $806,614,000 after buying an additional 4,048,351 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new position in shares of Progressive during the fourth quarter worth approximately $353,906,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Progressive by 193.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,206,742 shares of the insurance provider’s stock valued at $502,519,000 after acquiring an additional 1,454,111 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insider Activity

In other news, Director Jeffrey D. Kelly sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total transaction of $1,514,310.00. Following the completion of the transaction, the director directly owned 22,546 shares of the company’s stock, valued at approximately $4,877,376.18. This trade represents a 23.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Jo Murphy sold 5,916 shares of Progressive stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the sale, the insider owned 41,290 shares in the company, valued at approximately $8,258,000. This trade represents a 12.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 15,230 shares of company stock worth $3,165,817. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PGR. Keefe, Bruyette & Woods raised their price objective on shares of Progressive from $210.00 to $231.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 8th. Morgan Stanley cut their target price on shares of Progressive from $205.00 to $190.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Mizuho increased their price target on shares of Progressive from $217.00 to $243.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. William Blair restated a “market perform” rating on shares of Progressive in a research report on Wednesday. Finally, Bank of America dropped their price objective on shares of Progressive from $331.00 to $313.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $236.74.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive beat second-quarter earnings estimates, reporting $5.67 per share versus consensus of $4.72, and revenue of $23.61 billion also topped expectations. Progressive Reports June 2026 Results
• Positive Sentiment: Premium growth remained solid, with net premiums written up 5% for the quarter and policies in force rising 7% year over year, showing continued customer demand. Progressive’s Q2 Earnings Beat Estimates, Premiums Rise Y/Y
• Neutral Sentiment: The company’s quarterly growth was mixed overall: net income rose 4% for the quarter, but June net income fell sharply and the combined ratio worsened, suggesting higher claims or expense pressure. Progressive Reports June 2026 Results
• Negative Sentiment: Several reports pointed to margin concerns and a softer, more competitive insurance market, which appears to be driving the selloff despite the earnings beat. Why Progressive Insurance Fell Today
• Negative Sentiment: Investor reaction also reflected concern that recent results may not support much additional upside in the near term, with analysts highlighting valuation and margin pressure. PGR Stock On Track For Biggest One-Day Drop In 6 Months After Q2 Earnings – Analyst Sees Limited Upside For The Shares

Progressive Stock Performance

PGR opened at $205.09 on Thursday. The stock’s 50 day simple moving average is $208.29 and its 200-day simple moving average is $206.64. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. The stock has a market cap of $119.84 billion, a PE ratio of 10.43, a P/E/G ratio of 4.28 and a beta of 0.26. The Progressive Corporation has a 1 year low of $189.20 and a 1 year high of $254.93.

Progressive (NYSE:PGR) last issued its earnings results on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, topping the consensus estimate of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The firm had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $23.51 billion. During the same period last year, the business earned $4.37 earnings per share. Progressive’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that The Progressive Corporation will post 17.3 EPS for the current year.

Progressive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd were paid a $0.10 dividend. The ex-dividend date was Thursday, July 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 2.03%.

Progressive Profile

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.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.