The Progressive Corporation $PGR Shares Sold by Huntington National Bank

05 Nov 2025, 10:24 by Danessa Lincoln · The Markets Daily

Huntington National Bank cut its stake in The Progressive Corporation (NYSE:PGR – Free Report) by 6.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 22,806 shares of the insurance provider’s stock after selling 1,654 shares during the period. Huntington National Bank’s holdings in Progressive were worth $6,086,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PGR. Brighton Jones LLC boosted its position in shares of Progressive by 15.6% in the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock worth $813,000 after acquiring an additional 457 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in Progressive in the fourth quarter valued at approximately $269,000. Bison Wealth LLC raised its holdings in Progressive by 3.2% in the fourth quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock valued at $615,000 after buying an additional 80 shares during the period. Hexagon Capital Partners LLC raised its holdings in Progressive by 239.7% in the first quarter. Hexagon Capital Partners LLC now owns 197 shares of the insurance provider’s stock valued at $56,000 after buying an additional 139 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in Progressive by 4.7% in the first quarter. TD Private Client Wealth LLC now owns 11,298 shares of the insurance provider’s stock valued at $3,197,000 after buying an additional 504 shares during the period. 85.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Progressive in a report on Friday, October 31st. Wells Fargo & Company cut their price target on shares of Progressive from $266.00 to $246.00 and set an “equal weight” rating on the stock in a report on Thursday, October 16th. BMO Capital Markets restated a “market perform” rating on shares of Progressive in a report on Monday. The Goldman Sachs Group cut their price target on shares of Progressive from $276.00 to $245.00 and set a “buy” rating on the stock in a report on Monday, October 27th. Finally, Zacks Research lowered shares of Progressive from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $268.90.

Read Our Latest Stock Analysis on PGR

Progressive Trading Up 2.8%

PGR opened at $209.34 on Wednesday. The firm has a market capitalization of $122.72 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.19 and a beta of 0.32. The firm’s 50 day moving average is $235.57 and its 200-day moving average is $253.03. The Progressive Corporation has a 52-week low of $199.90 and a 52-week high of $292.99. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.19.

Progressive (NYSE:PGR – Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). The firm had revenue of $21.38 billion for the quarter, compared to analysts’ expectations of $21.64 billion. Progressive had a net margin of 12.57% and a return on equity of 33.88%. During the same quarter in the prior year, the business earned $3.58 EPS. Analysts expect that The Progressive Corporation will post 14.68 EPS for the current fiscal year.

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, October 2nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, October 2nd. Progressive’s payout ratio is 2.19%.

Insiders Place Their Bets

In related news, insider Patrick K. Callahan sold 6,420 shares of Progressive stock in a transaction on Friday, September 19th. The shares were sold at an average price of $242.22, for a total value of $1,555,052.40. Following the completion of the sale, the insider owned 15,192 shares in the company, valued at approximately $3,679,806.24. The trade was a 29.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Jo Murphy sold 2,218 shares of Progressive stock in a transaction on Friday, September 19th. The stock was sold at an average price of $242.10, for a total transaction of $536,977.80. Following the completion of the sale, the insider owned 43,506 shares of the company’s stock, valued at approximately $10,532,802.60. This trade represents a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,500 shares of company stock valued at $14,430,089. 0.34% of the stock is owned by insiders.

Progressive Company Profile

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