GQG Partners LLC Invests $1.54 Billion in The Progressive Corporation $PGR

23 Aug 2026, 09:58 by Doug Wharley · The Cerbat Gem

GQG Partners LLC bought a new position in The Progressive Corporation (NYSE:PGR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,043,101 shares of the insurance provider’s stock, valued at approximately $1,538,570,000. Progressive comprises about 2.9% of GQG Partners LLC’s investment portfolio, making the stock its 8th biggest position.

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC lifted its holdings in Progressive by 235.1% in the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares during the period. IMG Wealth Management Inc. bought a new stake in shares of Progressive in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in shares of Progressive during the second quarter valued at approximately $26,000. Bard Associates Inc. purchased a new position in shares of Progressive during the fourth quarter valued at approximately $27,000. Finally, Kilter Group LLC bought a new position in shares of Progressive during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $230.00 price target on shares of Progressive in a research note on Wednesday. Cantor Fitzgerald reduced their price objective on shares of Progressive from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. BMO Capital Markets restated a “market perform” rating on shares of Progressive in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Progressive from $250.00 to $241.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, HSBC boosted their price target on shares of Progressive from $214.00 to $221.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $236.05.

View Our Latest Research Report on Progressive

Insider Activity at Progressive

In other Progressive news, insider John Jo Murphy sold 8,124 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $212.70, for a total transaction of $1,727,974.80. Following the completion of the transaction, the insider owned 41,291 shares of the company’s stock, valued at approximately $8,782,595.70. This trade represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Susan Patricia Griffith sold 37,338 shares of Progressive stock in a transaction that occurred on Monday, July 27th. The shares were 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 of the company’s stock, valued at $111,199,682.96. The trade was a 6.67% 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. Insiders sold a total of 82,224 shares of company stock worth $17,416,438 over the last 90 days. 0.32% of the stock is currently owned by insiders.

Progressive Price Performance

Shares of PGR stock opened at $219.45 on Friday. The business’s fifty day moving average is $215.53 and its 200 day moving average is $206.64. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.24. The stock has a market cap of $127.58 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 2.94 and a beta of 0.27. The Progressive Corporation has a twelve month low of $189.20 and a twelve month high of $252.82.

Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $19.49 billion. During the same quarter last year, the firm posted $5.40 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts expect that The Progressive Corporation will post 17.71 EPS for the current fiscal year.

Progressive Dividend Announcement

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

Progressive Company Profile

(Free Report)

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.