Skylands Capital LLC Raises Stock Holdings in The Progressive Corporation $PGR

28 Jun 2026, 10:13 by Michael Walen · The Markets Daily

Skylands Capital LLC raised its holdings in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 73.0% in the first quarter, Holdings Channel.com reports. The firm owned 10,425 shares of the insurance provider’s stock after buying an additional 4,400 shares during the period. Skylands Capital LLC’s holdings in Progressive were worth $2,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bard Associates Inc. purchased a new position in shares of Progressive during the 4th quarter valued at approximately $27,000. Dagco Inc. bought a new stake in shares of Progressive in the fourth quarter worth $28,000. HHM Wealth Advisors LLC increased its stake in shares of Progressive by 700.0% in the first quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider’s stock worth $29,000 after buying an additional 126 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in Progressive in the fourth quarter valued at $29,000. Finally, Ameriflex Group Inc. raised its holdings in Progressive by 106.6% in the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Progressive Stock Up 4.0%

PGR stock opened at $224.11 on Friday. The firm has a market cap of $130.96 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 6.81 and a beta of 0.28. The Progressive Corporation has a 1-year low of $189.20 and a 1-year high of $267.92. The firm has a fifty day moving average price of $201.86 and a two-hundred day moving average price of $206.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27.

Progressive (NYSE:PGR – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share (EPS) for the quarter, topping 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 company had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $23.51 billion. During the same period last year, the firm posted $4.37 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts predict that The Progressive Corporation will post 17.08 EPS for the current year.

Progressive Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Progressive from $205.00 to $190.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Royal Bank Of Canada set a $208.00 price target on shares of Progressive in a research report on Friday, May 22nd. Piper Sandler reiterated an “overweight” rating and issued a $259.00 price target on shares of Progressive in a research note on Monday, March 2nd. Weiss Ratings lowered Progressive from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Evercore restated a “negative” rating on shares of Progressive in a research note on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $237.58.

Read Our Latest Stock Report on Progressive

Insider Buying and Selling at Progressive

In other news, insider John Jo Murphy sold 5,916 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $200.00, for a total transaction of $1,183,200.00. Following the completion of the transaction, the insider directly owned 41,290 shares of the company’s stock, valued at approximately $8,258,000. This represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Broz sold 1,157 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $204.76, for a total value of $236,907.32. Following the sale, the insider owned 27,511 shares in the company, valued at $5,633,152.36. The trade was a 4.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,230 shares of company stock worth $3,165,817 over the last ninety days. Company 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.