London Co. of Virginia Decreases Holdings in The Progressive Corporation $PGR

13 Dec 2025, 14:56 by Kim Johansen · The Markets Daily

London Co. of Virginia lessened its stake in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 2.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,778,506 shares of the insurance provider’s stock after selling 43,899 shares during the period. Progressive accounts for about 2.7% of London Co. of Virginia’s investment portfolio, making the stock its 3rd biggest holding. London Co. of Virginia owned approximately 0.30% of Progressive worth $474,618,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new position in shares of Progressive during the 2nd quarter valued at approximately $33,000. Westside Investment Management Inc. lifted its holdings in Progressive by 900.0% during the second quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 117 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Progressive in the second quarter worth approximately $34,000. Ransom Advisory Ltd purchased a new stake in shares of Progressive in the first quarter worth $35,000. Finally, Activest Wealth Management raised its position in shares of Progressive by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 127 shares during the period. Institutional investors own 85.34% of the company’s stock.

Progressive Trading Up 1.8%

PGR stock opened at $234.61 on Friday. The firm has a fifty day moving average price of $224.07 and a 200 day moving average price of $242.97. The Progressive Corporation has a fifty-two week low of $199.90 and a fifty-two week high of $292.99. The firm has a market cap of $137.58 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.03 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29.

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

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, January 2nd will be given a $0.10 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is currently 2.19%.

Insider Buying and Selling

In other news, insider Steven Broz sold 1,345 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $228.29, for a total transaction of $307,050.05. Following the transaction, the insider owned 27,698 shares of the company’s stock, valued at approximately $6,323,176.42. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patrick K. Callahan sold 6,420 shares of the 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 sale, the insider owned 15,192 shares in the company, valued at $3,679,806.24. The trade was a 29.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 17,673 shares of company stock worth $4,163,005. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Progressive in a report on Monday. Citigroup decreased their target price on Progressive from $312.00 to $301.38 and set a “buy” rating on the stock in a research note on Thursday, October 16th. JPMorgan Chase & Co. boosted their price target on Progressive from $301.00 to $303.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. HSBC set a $259.00 price objective on shares of Progressive and gave the company an “underperform” rating in a research report on Monday, November 17th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Progressive from $262.00 to $246.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $266.40.

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