Pictet Asset Management Holding SA Sells 13,241 Shares of The Progressive Corporation $PGR

29 Apr 2026, 21:10 by Scott Moore · The Cerbat Gem

Pictet Asset Management Holding SA decreased its holdings in The Progressive Corporation (NYSE:PGR – Free Report) by 3.8% in the fourth quarter, Holdings Channel reports. The fund owned 336,872 shares of the insurance provider’s stock after selling 13,241 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Progressive were worth $76,715,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PGR. Physician Wealth Advisors Inc. lifted its stake in Progressive by 67.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 413 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 167 shares during the last quarter. State of Michigan Retirement System lifted its stake in Progressive by 0.3% in the fourth quarter. State of Michigan Retirement System now owns 159,088 shares of the insurance provider’s stock worth $36,228,000 after purchasing an additional 500 shares during the last quarter. Prentiss Smith & Co. Inc. lifted its stake in Progressive by 3.3% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 23,862 shares of the insurance provider’s stock worth $5,434,000 after purchasing an additional 768 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in Progressive by 7.9% in the fourth quarter. Simon Quick Advisors LLC now owns 1,314 shares of the insurance provider’s stock worth $299,000 after purchasing an additional 96 shares during the last quarter. Finally, Facet Wealth Inc. bought a new stake in Progressive in the fourth quarter worth about $217,000. Institutional investors own 85.34% of the company’s stock.

Progressive Stock Performance

Shares of PGR stock opened at $202.89 on Wednesday. The firm has a market cap of $118.68 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 6.66 and a beta of 0.34. The company’s 50 day moving average is $203.24 and its 200 day moving average is $212.53. The company has a quick ratio of 0.35, a current ratio of 0.33 and a debt-to-equity ratio of 0.26. The Progressive Corporation has a 52-week low of $192.02 and a 52-week high of $289.96.

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, topping the consensus estimate 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 period in the previous year, the company earned $4.37 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Progressive Corporation will post 16.38 EPS for the current fiscal year.

Progressive Dividend Announcement

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

Insider Activity

In other Progressive news, insider Maribel Pumarejo sold 739 shares of Progressive stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total value of $150,201.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CIO Jonathan S. Bauer sold 2,266 shares of Progressive stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $203.05, for a total transaction of $460,111.30. Following the completion of the transaction, the executive directly owned 26,250 shares in the company, valued at $5,330,062.50. This represents a 7.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,933 shares of company stock valued at $1,441,564 over the last three months. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PGR shares. Piper Sandler reissued an “overweight” rating and issued a $259.00 price objective on shares of Progressive in a research note on Monday, March 2nd. Argus raised shares of Progressive to a “hold” rating in a research note on Thursday, March 5th. Wells Fargo & Company raised their price objective on shares of Progressive from $215.00 to $218.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Morgan Stanley decreased their price objective on shares of Progressive from $205.00 to $190.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Finally, BMO Capital Markets raised their price objective on shares of Progressive from $208.00 to $221.00 and gave the stock a “market perform” rating in a research note on Thursday, April 16th. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $238.39.

Check Out Our Latest Stock Report on Progressive

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.