Vise Technologies Inc. Takes Position in The Progressive Corporation $PGR

Vise Technologies Inc. acquired a new position in shares of The Progressive Corporation (NYSE:PGR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,767 shares of the insurance provider’s stock, valued at approximately $5,629,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. E Fund Management Co. Ltd. bought a new stake in Progressive in the 2nd quarter valued at $453,000. Aurora Investment Counsel bought a new position in Progressive during the 2nd quarter worth about $2,326,000. Madison Asset Management LLC bought a new position in Progressive during the 2nd quarter worth about $73,911,000. Csenge Advisory Group acquired a new stake in shares of Progressive in the 2nd quarter valued at about $239,000. Finally, Shepherd Financial Partners LLC acquired a new stake in shares of Progressive in the 2nd quarter valued at about $3,691,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PGR shares. Keefe, Bruyette & Woods raised Progressive from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $226.00 to $250.00 in a research report on Thursday. William Blair reissued a “market perform” rating on shares of Progressive in a research report on Wednesday, July 15th. Wells Fargo & Company boosted their target price on Progressive from $198.00 to $201.00 and gave the company an “underweight” rating in a research note on Thursday. Mizuho set a $236.00 price target on Progressive in a research report on Wednesday, August 5th. Finally, UBS Group raised their price target on shares of Progressive from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Progressive currently has a consensus rating of “Hold” and a consensus target price of $236.05.

More Progressive News

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Keefe, Bruyette & Woods upgraded PGR to “outperform” from “market perform” and raised its price target to $250 from $226, implying meaningful upside from recent trading levels. KBW upgrades Progressive
• Positive Sentiment: July operating growth remained solid: net premiums written and earned both rose 5% year over year, while total policies in force increased 7% to 40.3 million. Personal auto policies were particularly strong, with direct auto policies up 9%. Progressive July 2026 results
• Neutral Sentiment: Analyst views remain mixed. Wells Fargo raised its price target modestly to $201 from $198 but retained an “underweight” rating, while William Blair maintained a “hold” stance, citing earnings deceleration and slower growth. Wells Fargo rating update
• Negative Sentiment: July earnings weakened despite premium growth. Net income fell 12% to $961 million and earnings per share declined 11% to $1.65. The combined ratio worsened to 86.8 from 85.3, indicating lower underwriting profitability, while realized securities results swung to a $47 million loss from a $79 million gain. Progressive July earnings analysis
• Negative Sentiment: Reported insider activity may weigh on sentiment: available data showed multiple company insiders selling shares over the past six months and no reported insider purchases.

Insider Activity

In related news, Director Jeffrey D. Kelly sold 7,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $216.33, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Susan Patricia Griffith sold 37,338 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $212.71, for a total transaction of $7,942,165.98. Following the transaction, the chief executive officer owned 522,776 shares in the company, valued at approximately $111,199,682.96. The trade was a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 82,224 shares of company stock worth $17,416,438. Corporate insiders own 0.32% of the company’s stock.

Progressive Trading Up 1.5%

Progressive stock opened at $220.60 on Friday. The company has a market cap of $128.25 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 2.93 and a beta of 0.27. The firm has a 50-day moving average of $215.20 and a 200-day moving average of $206.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.29 and a quick ratio of 0.29. The Progressive Corporation has a one year low of $189.20 and a one year high of $252.82.

Progressive (NYSE:PGR) last released its earnings results 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 business had revenue of $23.61 billion for the quarter, compared to the consensus estimate of $19.49 billion. During the same quarter in the previous year, the business earned $5.40 earnings per share. Progressive’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that The Progressive Corporation will post 17.55 earnings per share for the current fiscal year.

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 1st. Progressive’s dividend payout ratio (DPR) is currently 2.01%.

Progressive Company 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.