<div id="readability-page-1"><p>State Street Corp lowered its stake in  The Progressive Corporation (NYSE:PGR - Free Report) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The institutional investor  owned 25,730,388 shares of the insurance provider's stock after selling 78,617 shares during the quarter. State Street Corp owned about 4.39% of Progressive worth $6,866,411,000 as of its most recent SEC filing.</p><ul><li>Big Banks Are Setting the Tone as Earnings Season Kicks Off</li></ul><p>Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in  Progressive during the second quarter valued at approximately $2,156,939,000.  GQG Partners LLC raised its holdings in shares of  Progressive by 61.4% during the 1st quarter. GQG Partners LLC now owns 8,346,133 shares of the insurance provider's stock worth $2,362,039,000 after acquiring an additional 3,174,632 shares in the last quarter.  Alliancebernstein L.P. boosted its position in shares of  Progressive by 15.2% during the 1st quarter. Alliancebernstein L.P. now owns 8,263,157 shares of the insurance provider's stock valued at $2,338,556,000 after acquiring an additional 1,091,828 shares during the last quarter.  Axiom Investors LLC DE purchased a new position in shares of  Progressive in the first quarter valued at $194,557,000.  Finally, 1832 Asset Management L.P. increased its position in  Progressive by 123.1% in the first quarter. 1832 Asset Management L.P. now owns 1,160,302 shares of the insurance provider's stock worth $328,377,000 after purchasing an additional 640,306 shares during the last quarter. Hedge funds and other institutional investors own  85.34% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities analysts have commented on the stock. Barclays lowered their price objective on shares of Progressive from $271.00 to $257.00 and set an &#34;equal weight&#34; rating for the company in a research report on Monday, October 20th. The Goldman Sachs Group lowered their price target on shares of Progressive from $276.00 to $245.00 and set a &#34;buy&#34; rating for the company in a report on Monday, October 27th. Evercore ISI reduced their price objective on Progressive from $275.00 to $273.00 and set an &#34;in-line&#34; rating on the stock in a research note on Wednesday, October 1st. Bank of America decreased their price objective on Progressive from $351.00 to $346.00 and set a &#34;buy&#34; rating on the stock in a research report on Wednesday, November 19th. Finally, Cantor Fitzgerald upgraded Progressive to a &#34;hold&#34; rating in a report on Wednesday, August 13th. One equities research analyst  has rated the stock with a Strong Buy rating, six have issued  a Buy rating, eleven have issued  a Hold rating and two have assigned  a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of &#34;Hold&#34; and a consensus price target of $266.52.</p><ul><li>Why Insurance Stocks May Struggle Despite Strong Highs</li></ul><p><b>Read Our Latest Research Report on Progressive</b></p><h2>Insiders Place Their Bets</h2><p>In other news, insider John Jo Murphy sold 2,218 shares of Progressive stock in a transaction on Friday, September 19th. The stock was sold at an average price of $242.10, for a total transaction of $536,977.80. Following the completion of the sale, the insider directly owned 43,506 shares in the company, valued at approximately $10,532,802.60. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, CFO John P. Sauerland sold 5,000 shares of the company's stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $228.48, for a total transaction of $1,142,400.00. Following the completion of the transaction, the chief financial officer owned 223,024 shares in the company, valued at approximately $50,956,523.52. The trade was a 2.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,673 shares of company stock valued at $4,163,005 in the last three months. 0.33% of the stock is owned by company insiders. </p><h2>Progressive Stock Performance</h2><ul><li>3 Stocks Institutions Are Quietly Dumping</li></ul><p>Progressive stock opened at $222.89 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $130.71 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 0.99 and a beta of 0.36. The Progressive Corporation has a 1-year low of $199.90 and a 1-year high of $292.99. The company's 50-day moving average is $225.45 and its 200 day moving average is $243.86. </p><p>Progressive (NYSE:PGR - Get Free Report) last released its earnings results on Wednesday, October 15th. The insurance provider reported $4.45 EPS for the quarter, missing analysts' consensus estimates 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 period in the prior year, the company posted $3.58 EPS.  Research analysts forecast that  The Progressive Corporation will post 14.68 EPS for the current year. </p><h2>Progressive Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd will be paid a $0.10 dividend. The ex-dividend date is 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%. </p><h2>About Progressive</h2> (Free Report)<p>The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Progressive</li><li>Conference Calls and Individual Investors</li><li>Top 5 Highest-Rated Dividend Stocks, According to MarketBeat</li><li>Trading Halts Explained</li><li>What Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer Health</li><li>3 Monster Growth Stocks to Buy Now</li><li>3 Stocks Most Likely to Split in 2026</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBHUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBHUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Progressive Right Now?</h2><p>Before you consider Progressive, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Progressive wasn't on the list.</p><p>While Progressive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>State Street Corp reduced its stake in The Progressive Corporation by 0.3% in Q2, owning 25.7 million shares worth $6.87 billion. Analysts have mixed ratings, with a consensus price target of $266.52. Insiders sold shares worth $4.16 million recently. Progressive's stock opened at $222.89, with a market cap of $130.71 billion and a P/E ratio of 12.23.</p>

State Street Corp Cuts Stock Holdings in The Progressive Corporation $PGR