Vestcor Inc Has $24.75 Million Position in The Progressive Corporation $PGR

06 Jun 2026, 08:30 by Amy Steele · The Cerbat Gem

Vestcor Inc lowered its stake in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 6.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 108,672 shares of the insurance provider’s stock after selling 7,522 shares during the period. Progressive accounts for about 0.7% of Vestcor Inc’s holdings, making the stock its 23rd biggest position. Vestcor Inc’s holdings in Progressive were worth $24,747,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PGR. Illinois Municipal Retirement Fund boosted its position in shares of Progressive by 30.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 102,778 shares of the insurance provider’s stock worth $25,381,000 after acquiring an additional 23,833 shares in the last quarter. Allstate Corp boosted its position in shares of Progressive by 106.1% during the 4th quarter. Allstate Corp now owns 44,513 shares of the insurance provider’s stock worth $10,136,000 after acquiring an additional 22,915 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of Progressive by 36.9% during the 3rd quarter. Prospera Financial Services Inc now owns 19,240 shares of the insurance provider’s stock worth $4,752,000 after acquiring an additional 5,184 shares in the last quarter. Norges Bank acquired a new stake in Progressive in the fourth quarter valued at approximately $1,836,094,000. Finally, Mariner LLC boosted its position in Progressive by 7.9% in the third quarter. Mariner LLC now owns 644,636 shares of the insurance provider’s stock valued at $159,183,000 after buying an additional 47,248 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Progressive from $218.00 to $222.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Progressive in a research report on Friday, May 22nd. UBS Group raised their target price on shares of Progressive from $218.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Barclays set a $247.00 target price on shares of Progressive in a research report on Wednesday, March 18th. Finally, Weiss Ratings lowered shares of Progressive from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Six equities 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $238.11.

Check Out Our Latest Analysis on PGR

Insider Activity

In other news, CAO Carl G. Joyce sold 270 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $206.50, for a total transaction of $55,755.00. Following the completion of the transaction, the chief accounting officer owned 558 shares of the company’s stock, valued at approximately $115,227. This trade represents a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Progressive Price Performance

PGR stock opened at $204.27 on Friday. The company has a fifty day moving average price of $198.89 and a 200-day moving average price of $208.87. The company has a market capitalization of $119.37 billion, a P/E ratio of 10.39, a PEG ratio of 5.66 and a beta of 0.28. The Progressive Corporation has a 52-week low of $189.20 and a 52-week high of $283.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27.

Progressive (NYSE:PGR – Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.67 by $0.13. The firm had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $23.51 billion. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.37 earnings per share. As a group, equities analysts expect that The Progressive Corporation will post 16.35 EPS for the current year.

Progressive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is presently 2.03%.

Progressive 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.