Michael Todd King Sells 1,070 Shares of PROG (NYSE:PRG) Stock

PROG Holdings, Inc (NYSE:PRG) insider Michael Todd King sold 1,070 shares of PROG stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total value of $49,220.00. Following the sale, the insider directly owned 60,825 shares of the company’s stock, valued at approximately $2,797,950. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Todd King also recently made the following trade(s):

• On Tuesday, August 4th, Michael Todd King sold 930 shares of PROG stock. The shares were sold at an average price of $46.00, for a total value of $42,780.00.

PROG Trading Down 1.5%

NYSE:PRG opened at $42.79 on Friday. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $47.73. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.82 and a beta of 1.79. The business’s 50-day moving average price is $42.06 and its two-hundred day moving average price is $35.89.

PROG (NYSE:PRG) last posted 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. The company had revenue of $719.72 million during the quarter, compared to analyst estimates of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%.PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. On average, equities analysts expect that PROG Holdings, Inc will post 4.95 earnings per share for the current year.

PROG Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PROG’s payout ratio is currently 15.47%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of PROG from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. TD Cowen boosted their price target on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. KeyCorp upped their price objective on shares of PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Loop Capital downgraded PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research note on Wednesday, July 1st. Finally, B. Riley Financial lifted their target price on PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PRG. Goldman Sachs Group Inc. grew its position in PROG by 436.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock valued at $53,792,000 after purchasing an additional 1,483,751 shares in the last quarter. First Trust Advisors LP lifted its position in PROG by 588.0% during the 1st quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock worth $24,100,000 after buying an additional 717,932 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of PROG during the 2nd quarter worth about $31,229,000. UBS Group AG grew its holdings in shares of PROG by 102.4% in the 3rd quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock valued at $26,654,000 after acquiring an additional 416,658 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of PROG by 37.7% in the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock valued at $34,205,000 after acquiring an additional 317,600 shares in the last quarter. 97.92% of the stock is owned by institutional investors and hedge funds.

PROG Company Profile

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.