Strategic Family Wealth Counselors L.L.C. Makes New Investment in The Progressive Corporation $PGR

Strategic Family Wealth Counselors L.L.C. acquired a new position in The Progressive Corporation (NYSE:PGR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,677 shares of the insurance provider’s stock, valued at approximately $610,000.

Other large investors have also made changes to their positions in the company. Dagco Inc. acquired a new position in shares of Progressive during the 4th quarter worth approximately $28,000. Ameriflex Group Inc. raised its stake in shares of Progressive by 106.6% during the 3rd quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock worth $31,000 after buying an additional 65 shares during the period. Bangor Savings Bank raised its stake in shares of Progressive by 60.4% during the 4th quarter. Bangor Savings Bank now owns 154 shares of the insurance provider’s stock worth $35,000 after buying an additional 58 shares during the period. Riverview Trust Co raised its stake in shares of Progressive by 48.6% during the 4th quarter. Riverview Trust Co now owns 162 shares of the insurance provider’s stock worth $37,000 after buying an additional 53 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Progressive by 833.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 168 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. 85.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on PGR. 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. Mizuho dropped their target price on Progressive from $235.00 to $223.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Morgan Stanley dropped their target price on Progressive from $205.00 to $190.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Wells Fargo & Company upped their target price on Progressive from $215.00 to $218.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Finally, Zacks Research upgraded Progressive from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $238.39.

Progressive Stock Down 1.2%

Shares of NYSE:PGR opened at $196.09 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $201.58 and a two-hundred day moving average of $210.73. The stock has a market cap of $114.58 billion, a P/E ratio of 9.97, a PEG ratio of 5.74 and a beta of 0.31. The Progressive Corporation has a 52-week low of $191.75 and a 52-week high of $289.96.

Progressive (NYSE:PGR) last released its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.13. The business had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $23.51 billion. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.37 EPS. On average, research analysts expect that The Progressive Corporation will post 16.4 earnings per share for the current year.

Progressive Announces Dividend

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 issued a dividend of $0.10 per share. The ex-dividend date is Thursday, July 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s dividend payout ratio is currently 2.03%.

Insiders Place Their Bets

In other news, insider Karen Bailo sold 3,517 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $212.00, for a total transaction of $745,604.00. Following the completion of the transaction, the insider directly owned 32,348 shares in the company, valued at approximately $6,857,776. This represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CIO Jonathan S. Bauer sold 2,266 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $203.05, for a total value of $460,111.30. Following the transaction, the executive owned 26,250 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 6,933 shares of company stock valued at $1,441,564. 0.32% of the stock is owned by company insiders.

Key Headlines Impacting Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Progressive continued its shareholder-return program by declaring a quarterly dividend of $0.10 per share, reinforcing management’s commitment to returning capital to investors. Progressive stock overview
• Positive Sentiment: Recent coverage highlighted Progressive’s CFO transition alongside an ongoing buyback plan, which suggests management is still focused on disciplined capital allocation and supporting shareholder value. Does Progressive’s (PGR) CFO Transition and Buyback Plan Reveal a Deeper Capital Allocation Strategy?
• Neutral Sentiment: The dividend announcement is small in absolute terms and appears to be a standard, expected update, so it is unlikely to materially change near-term fundamentals on its own.
• Negative Sentiment: With no new earnings beat or guidance raise in the latest headlines, the stock may be under pressure from broader profit-taking and investor focus on valuation after a strong prior run.

Progressive 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.