Mcdonald Partners LLC Has $2.75 Million Stock Holdings in The Progressive Corporation $PGR

03 May 2026, 08:16 by Amy Steele · The Cerbat Gem

Mcdonald Partners LLC lifted its holdings in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 83.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,067 shares of the insurance provider’s stock after buying an additional 5,482 shares during the period. Mcdonald Partners LLC’s holdings in Progressive were worth $2,748,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Progressive by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 55,261,140 shares of the insurance provider’s stock worth $12,584,067,000 after buying an additional 593,612 shares during the last quarter. State Street Corp boosted its stake in shares of Progressive by 0.3% during the 3rd quarter. State Street Corp now owns 25,808,762 shares of the insurance provider’s stock worth $6,373,474,000 after buying an additional 78,374 shares during the last quarter. Capital International Investors raised its holdings in shares of Progressive by 78.9% in the 3rd quarter. Capital International Investors now owns 13,704,197 shares of the insurance provider’s stock valued at $3,384,082,000 after purchasing an additional 6,045,732 shares during the period. Capital Research Global Investors raised its holdings in shares of Progressive by 26.1% in the 3rd quarter. Capital Research Global Investors now owns 11,167,940 shares of the insurance provider’s stock valued at $2,757,905,000 after purchasing an additional 2,314,864 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Progressive by 4.9% in the 3rd quarter. Legal & General Group Plc now owns 4,196,111 shares of the insurance provider’s stock valued at $1,036,230,000 after purchasing an additional 197,603 shares during the period. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Progressive Stock Down 0.8%

Shares of PGR opened at $199.60 on Friday. The Progressive Corporation has a 52 week low of $192.02 and a 52 week high of $289.96. The firm has a market cap of $116.76 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 6.58 and a beta of 0.31. The firm’s 50-day simple moving average is $203.18 and its 200 day simple moving average is $212.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.35 and a current ratio of 0.33.

Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. During the same quarter in the prior year, the business earned $4.37 EPS. Progressive’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that The Progressive Corporation will post 16.38 earnings per share for the current year.

Progressive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were paid a $0.10 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio is 2.03%.

Analyst Upgrades and Downgrades

PGR has been the topic of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $225.00 target price on shares of Progressive in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Progressive in a report on Friday, March 27th. BMO Capital Markets lifted their target price on Progressive from $208.00 to $221.00 and gave the stock a “market perform” rating in a research note on Thursday, April 16th. Barclays set a $247.00 target price on Progressive in a research note on Wednesday, March 18th. Finally, Zacks Research upgraded Progressive from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Progressive has an average rating of “Hold” and a consensus target price of $238.39.

Get Our Latest Report on Progressive

Insider Activity at Progressive

In related news, insider Maribel Pumarejo sold 739 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total value of $150,201.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Karen Bailo sold 3,517 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $212.00, for a total transaction of $745,604.00. Following the completion of the transaction, the insider owned 32,348 shares in the company, valued at approximately $6,857,776. This trade represents a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,933 shares of company stock worth $1,441,564 in the last quarter. Corporate insiders own 0.32% of the company’s stock.

About Progressive

(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.