The Progressive Corporation (PGR) has received varied interest from institutional owners and financial entities. Marshall Wace LLP, Guggenheim Capital, First Trust Advisors LP, etc. acquired shares, while some like Mirabella Financial Services, Invesco Ltd. divested stakes. The company's shareholders have observed a 21% CAGR for the past five years. Strong reserves and lower catastrophe losses led BMO Capital to increase its PGR price target. However, some skepticism surrounds PGR's value, with Morgan Stanley taking a bearish stance and BofA reducing PGR's price target. The recent 6.6% pullback in PGR's shares increased worries amidst shareholders, though investors seem hopeful about PGR's robust fundamentals. Despite achieving Q3 results in alignment with expectations, PGR's shares fell due to analyst downgrades over margin concerns. It's recommended that investors consider taking a position in PGR as it's largely controlled by institutional owners. However, concerns continue due to weak performance in the auto policy segment.
Progressive Corporation PGR News Analytics from Sat, 19 Jul 2025 07:00:00 GMT to Sat, 06 Dec 2025 11:33:45 GMT -
Rating 1
- Innovation -2
