Progressive Corp Shares Climb 0.93% Amid 201st Trading Volume Rank as Institutions Boost Holdings

On September 4, 2025, The Progressive Corporation (PGR) closed with a 0.93% increase, despite a 21.49% drop in trading volume to $500 million, ranking it 201st in market activity. Institutional investors significantly adjusted their stakes, with Federation des caisses Desjardins du Quebec boosting holdings by 89.6% to 221,062 shares, valued at $62.6 million, as disclosed in a Q1 SEC filing. Southpoint Capital Advisors LP and EP Wealth Advisors LLC also increased their positions, reflecting broader institutional confidence.

Analysts provided mixed signals, with Keefe, Bruyette & Woods lowering its price target to $268 from $290 while maintaining a "market perform" rating. Barclays and Bank of America similarly adjusted targets downward but retained "equal weight" and "buy" ratings, respectively. Jefferies Financial Group cut its target to $287 but kept a "buy" recommendation, indicating cautious optimism. Institutional ownership now accounts for 85.34% of the stock.

Insider activity highlighted recent sales, including CEO Steven Broz disposing of 1,345 shares and Lori A. Niederst selling 8,063 shares, reducing their holdings by 4.07% and 17.12%, respectively. These transactions, valued at $337,299.10 and $2,017,201.34, were disclosed in SEC filings. Overall, insiders sold 108,351 shares in the last quarter, valued at $27 million.

The company announced a quarterly dividend of $0.10 per share, yielding 0.2% annually, with a payout ratio of 2.25%. Recent earnings of $4.88 per share exceeded estimates by $0.45, driven by a 12.1% revenue increase to $20.08 billion. Analysts project 2025 EPS at $14.68, reflecting ongoing confidence in the insurer’s performance.

Backtest results indicate that PGR’s 52-week high of $292.99 and low of $228.54 suggest a volatile yet resilient trend. The stock’s beta of 0.32 and P/E ratio of 13.92 position it as a defensive play with moderate growth potential. Institutional buying and analyst upgrades counterbalance insider selling, underscoring a mixed but generally bullish outlook for the near term.