AMF Tjanstepension 13F: Adds $88M to The Progressive (PGR) Stake

AMF Tjanstepension boosted its stake in The Progressive Corporation (NYSE:PGR) by 75.9% during the quarter, according to a Form 13F filing with the SEC on October 22, 2026. The institutional investor added 422,094 shares to its portfolio, bringing its total holdings to 978,170 shares.

PGR The Progressive Corporation

$221.35 ▲ +4.50% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in AMF Tjanstepension's The Progressive Corporation Position

The reported value of AMF Tjanstepension's stake reached approximately $202.78 million following the purchase. The firm previously held 556,076 shares of the property and casualty insurer.

The Progressive Corporation Stock Down 0.5%

The Progressive Corporation recently traded around $220.32 as of October 22, 2026. The stock sits about 2.4% above its 50-day moving average of $215.19 and roughly 5.6% above its 200-day moving average of $208.65. Shares remain about 8.0% below their 52-week high of $239.38 and roughly 16.4% above their 52-week low of $189.20.

Recent Earnings

The company generated $91.70 billion in trailing-twelve-month revenue with a net profit margin of 12.7%. Earnings per share over the same period totaled $20.59, and the firm posted a return on equity of 33.2%. The Progressive Corporation's next quarterly earnings report is scheduled for release on January 27, 2027.

Dividend

The Progressive Corporation pays an annual dividend rate of $0.40 per share, which translates to a dividend yield of 0.18%. The company allocates 69.7% of its earnings toward dividend payouts.

Insider Buying and Selling at The Progressive Corporation

Company insiders executed several stock sales over the recent months. On August 13, 2026, officer Lori A Niederst sold 7,339 shares at an average price of $209.29 for a total value of $1,535,979. Chief Technology Officer Steven Broz sold 1,225 shares on August 20, 2026, at $219.40 per share, totaling $268,765. Chief Executive Officer Susan Patricia Griffith sold 37,338 shares on September 1, 2026, at $219.50 each, amounting to $8,195,691. Later, on September 24, 2026, Steven Broz sold another 1,225 shares at $204.29 per share for a total of $250,255. None of these transactions were reported as part of a Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock through September and October. On September 18, 2026, Keefe, Bruyette & Woods reiterated an Outperform rating with a price target of $250.00. JP Morgan maintained a Neutral rating on October 5, 2026, while raising its target to $250.00 from $241.00. Barclays kept an Overweight rating on October 7, 2026, nudging its target up to $247.00 from $246.00. Wells Fargo maintained an Underweight rating on October 15, 2026, lowering its target to $196.00 from $201.00. On the same day, Keefe, Bruyette & Woods maintained an Outperform rating while adjusting its target to $246.00 from $252.00. Overall, the stock carries a consensus hold recommendation with a mean price target of $230.57 across 21 analyst opinions.

About The Progressive Corporation

Headquartered in Mayfield, Ohio, The Progressive Corporation provides personal automobile insurance, specialized coverage for motorcycles, RVs, and watercraft, and residential property insurance for homeowners and renters across the United States. Institutional updates like AMF Tjanstepension's recent filing arrive as large asset managers continually adjust their exposures to major property and casualty underwriters.

Bottom Line

Investors tracking The Progressive Corporation will look ahead to the next earnings report on January 27, 2027, for further details on top-line growth and underwriting margins. Market participants will also monitor subsequent SEC filings to see how institutional holders adjust their positions.