Progressive Corporation: A Comprehensive Overview of Insurance Activities

Progressive Corporation is an insurance group with three main areas of activity: automobile insurance for individuals, commercial cars and trucks insurance, and property insurance. The majority of net written premiums come from automobile insurance for individuals, with a significant portion earned through online and phone sales. The company operates primarily in the United States.

The Progressive Corporation (NYSE: PGR) has seen a mix of adjustments in analyst ratings and insider transactions following its strong first-quarter performance. The insurance group, which operates primarily in the United States, reported earnings per share (EPS) of $4.88, beating the consensus estimate of $4.43, and revenue of $20.08 billion, marking a 12.1% increase year-over-year Ashton Thomas Private Wealth LLC Has $1.46 Million Position in The Progressive Corporation $PGR^[1].

Analyst Ratings and Target Prices

Analysts have provided a range of ratings and target prices for Progressive. Nine analysts have issued a Buy rating, with a consensus target price of $284.18. However, there have been recent downgrades from firms such as Evercore ISI and UBS Group. Evercore ISI cut Progressive from an "outperform" rating to an "in-line" rating with a $275.00 price target, while UBS Group dropped their price objective from $280.00 to $268.00 with a "neutral" rating Ashton Thomas Private Wealth LLC Has $1.46 Million Position in The Progressive Corporation $PGR^[1].

Institutional Investor Holdings

Several institutional investors and hedge funds have adjusted their positions in Progressive. Ashton Thomas Private Wealth LLC significantly reduced its stake by 68.4%, now holding shares valued at approximately $1.46 million. Nuveen LLC acquired a new stake worth approximately $1.473 billion, while GQG Partners LLC lifted its holdings by 61.4%. Empowered Funds LLC increased its position by 13.8%, acquiring an additional 4,540 shares Ashton Thomas Private Wealth LLC Has $1.46 Million Position in The Progressive Corporation $PGR^[1]Empowered Funds LLC Buys 4,540 Shares of The Progressive Corporation $PGR^[2].

Insider Transactions

CEO Susan Patricia Griffith sold 30,660 shares in a transaction on July 28th, representing a 5.70% decrease in her position. Insider Lori A. Niederst sold 8,063 shares on August 14th, marking a 17.12% decrease in her position. In total, insiders have sold 139,010 shares worth $34.547 million in the last 90 days Ashton Thomas Private Wealth LLC Has $1.46 Million Position in The Progressive Corporation $PGR^[1].

Financial Metrics

Progressive's financial metrics include a debt-to-equity ratio of 0.21, a quick ratio of 0.31, a current ratio of 0.31, a market cap of $142.61 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.43, and a beta of 0.32. The company's dividend payout ratio (DPR) is currently 2.25%, with a quarterly dividend of $0.10 per share, representing a $0.40 annualized dividend and a dividend yield of 0.2% Ashton Thomas Private Wealth LLC Has $1.46 Million Position in The Progressive Corporation $PGR^[1].

Conclusion

Progressive Corporation's strong Q1 results have led to a mix of analyst ratings and insider transactions. While some analysts have downgraded their ratings, others maintain a positive outlook. Institutional investors and insiders have also made significant adjustments to their positions. Investors should closely monitor these developments and Progressive's financial performance as the company continues to operate in the competitive insurance sector.

References

Ashton Thomas Private Wealth LLC Has $1.46 Million Position in The Progressive Corporation $PGR^[1] https://www.marketbeat.com/instant-alerts/filing-ashton-thomas-private-wealth-llc-has-146-million-position-in-the-progressive-corporation-pgr-2025-09-10/
Empowered Funds LLC Buys 4,540 Shares of The Progressive Corporation $PGR^[2] https://www.marketbeat.com/instant-alerts/filing-empowered-funds-llc-buys-4540-shares-of-the-progressive-corporation-pgr-2025-09-10/