Mutual of America Capital Management LLC Sells 3,685 Shares of The Progressive Corporation $PGR

Mutual of America Capital Management LLC trimmed its holdings in The Progressive Corporation (NYSE:PGR) by 5.5% in the third quarter, Holdings Channel reports. The fund owned 63,545 shares of the insurance provider’s stock after selling 3,685 shares during the period. Mutual of America Capital Management LLC’s holdings in Progressive were worth $15,692,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PGR. Brighton Jones LLC lifted its stake in Progressive by 15.6% in the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock valued at $813,000 after buying an additional 457 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Progressive in the 4th quarter valued at $269,000. Bison Wealth LLC lifted its position in Progressive by 3.2% in the 4th quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock valued at $615,000 after acquiring an additional 80 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in Progressive by 6.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 4,979 shares of the insurance provider’s stock worth $1,329,000 after purchasing an additional 283 shares during the period. Finally, ORG Partners LLC increased its holdings in Progressive by 182.2% during the 2nd quarter. ORG Partners LLC now owns 285 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive showed relative strength versus the broader market in the latest session, which can support short?term buying interest ahead of earnings. Progressive (PGR) Beats Stock Market Upswing: What Investors Need to Know
• Neutral Sentiment: Q4 earnings preview: analysts expect earnings growth, but the Zacks preview flags items beyond headline EPS — underwriting trends, combined ratio and pricing momentum will determine whether Progressive delivers a beat or conservative guidance. This makes the print a binary near?term catalyst. Progressive (PGR) Q4 Earnings Preview
• Neutral Sentiment: Valuation/strategy check: a Yahoo Finance piece questions whether Progressive’s long?term growth is being priced appropriately after the recent pullback — useful context for value investors given PGR’s relatively low P/E (~11) but shorter?term technical weakness (50?day < 200?day MA). Is Progressive (PGR) Pricing Its Long Term Growth Potential Correctly After Recent Pullback
• Negative Sentiment: Competitive threat — Lemonade’s new partnership with Tesla to offer steep discounts on FSD miles creates a potential pricing innovation that could win lower?loss, tech?savvy customers and put pressure on legacy insurers’ pricing and margins if scaled. This raises longer?term competitive risk for Progressive’s auto franchise. Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced
• Negative Sentiment: Insider selling: recent open?market sales by CIO Jonathan Bauer and Andrew Quigg were disclosed (multiple transactions at ~\$204/share). While not huge relative to company size, clustered insider sales ahead of earnings can be perceived negatively by some investors. Progressive Insider Sells
• Negative Sentiment: Analyst/expectations risk: several firms have trimmed price targets or kept neutral/underweight calls; Zacks flags that while growth is expected, there may be limited obvious upside from an earnings?beat narrative, so a miss or cautious guidance could drive further downside. Progressive (PGR) Reports Next Week

Progressive Stock Performance

Shares of PGR stock opened at $206.04 on Monday. The company has a fifty day moving average price of $221.22 and a two-hundred day moving average price of $232.02. The Progressive Corporation has a one year low of $198.50 and a one year high of $292.99. The stock has a market cap of $120.82 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.26 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29.

Progressive Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were issued a dividend of $0.10 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is presently 2.19%.

Analyst Ratings Changes

PGR has been the topic of a number of research reports. UBS Group cut their price target on Progressive from $268.00 to $261.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley restated an “underweight” rating on shares of Progressive in a research note on Wednesday, December 17th. JPMorgan Chase & Co. decreased their price target on shares of Progressive from $303.00 to $275.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. BMO Capital Markets reduced their target price on shares of Progressive from $253.00 to $239.00 and set a “market perform” rating for the company in a report on Thursday, January 15th. Finally, Wells Fargo & Company cut their price target on shares of Progressive from $242.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Seven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Progressive currently has an average rating of “Hold” and a consensus price target of $259.39.

Insiders Place Their Bets

In related 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 directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew J. Quigg sold 1,649 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $204.35, for a total value of $336,973.15. Following the sale, the insider directly owned 39,626 shares of the company’s stock, valued at $8,097,573.10. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,788 shares of company stock worth $3,018,961 in the last three months. 0.33% of the stock is owned by corporate insiders.

Progressive Company Profile

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.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.