6,404 Shares in The Progressive Corporation $PGR Acquired by City National Bank of Florida MSD

City National Bank of Florida MSD purchased a new position in shares of The Progressive Corporation (NYSE:PGR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,404 shares of the insurance provider’s stock, valued at approximately $1,458,000. Progressive makes up 1.0% of City National Bank of Florida MSD’s investment portfolio, making the stock its 17th biggest position.

Several other large investors have also recently made changes to their positions in PGR. Brighton Jones LLC increased its position in shares of Progressive by 15.6% during the fourth quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock worth $813,000 after purchasing an additional 457 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Progressive during the fourth quarter worth approximately $269,000. Bison Wealth LLC boosted its stake in Progressive by 3.2% during the fourth quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock worth $615,000 after buying an additional 80 shares during the last quarter. HUB Investment Partners LLC boosted its stake in Progressive by 7.8% during the second quarter. HUB Investment Partners LLC now owns 2,282 shares of the insurance provider’s stock worth $609,000 after buying an additional 166 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in Progressive by 12.0% during the second quarter. Diversify Wealth Management LLC now owns 15,146 shares of the insurance provider’s stock worth $3,681,000 after buying an additional 1,622 shares during the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

Progressive Stock Performance

Shares of Progressive stock opened at $204.64 on Thursday. The Progressive Corporation has a 52 week low of $189.20 and a 52 week high of $267.92. The business’s fifty day simple moving average is $199.73 and its 200-day simple moving average is $207.42. The firm has a market cap of $119.58 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 5.93 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26.

Progressive (NYSE:PGR) last announced its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, beating the consensus estimate of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The business had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. During the same quarter in the prior year, the company posted $4.37 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that The Progressive Corporation will post 16.34 earnings per share for the current year.

Progressive Dividend Announcement

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 $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, July 2nd. Progressive’s dividend payout ratio is 2.03%.

Analyst Upgrades and Downgrades

PGR has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on Progressive from $218.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Weiss Ratings lowered Progressive from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada set a $208.00 price objective on Progressive in a research note on Friday, May 22nd. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Progressive in a research note on Friday, May 22nd. Finally, UBS Group boosted their price objective on Progressive from $218.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $238.11.

Insider Activity

In related news, insider John Jo Murphy sold 5,916 shares of Progressive stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $200.00, for a total value of $1,183,200.00. Following the completion of the sale, the insider owned 41,290 shares in the company, valued at approximately $8,258,000. This trade represents a 12.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Carl G. Joyce sold 270 shares of Progressive stock in a transaction that occurred 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 sale, the chief accounting officer owned 558 shares of the company’s stock, valued at $115,227. This trade represents a 32.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,343 shares of company stock valued at $1,470,355 in the last quarter. Insiders own 0.32% of the company’s stock.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive reported solid May 2026 results, with net premiums written up 6%, net premiums earned up 10%, net income up 36%, and the combined ratio improving to 82.1 from 86.9 a year ago, signaling stronger profitability and underwriting performance. Progressive Reports May 2026 Results
• Positive Sentiment: Policies in force rose 8% year over year to 39.97 million, showing continued growth in Progressive’s auto and personal lines business. Progressive names new leadership structure as profit jumps
• Positive Sentiment: BofA reportedly raised its price target on PGR to $331 and kept a Buy rating, reinforcing the bullish case after the strong monthly update. BofA Raises PT on The Progressive Corporation (PGR) Stock
• Neutral Sentiment: Progressive announced management changes, including the planned January 2027 retirement of Personal Lines President Pat Callahan and new roles for Lori Niederst and Heather Day; the succession plan is orderly, but it adds a layer of transition risk. Progressive Announces Management Changes
• Negative Sentiment: Jim Cramer said the “group is under a lot of pressure,” reflecting broader investor concern that auto insurers like Progressive may face margin pressure if inflation or claims trends worsen. Jim Cramer on Progressive Corporation: “That Group Is Under a Lot of Pressure”

About Progressive

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.