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The Progressive Corporation $PGR Shares Sold by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky reduced its stake in The Progressive Corporation ($PGR) by 12.0% in the fourth quarter, selling 23,300 shares. Despite this, institutional investors collectively own 85.34% of the company, with Vanguard Group Inc. significantly increasing its holdings. Progressive reported strong quarterly earnings, beating EPS estimates, but narrowly missed revenue forecasts, and analysts currently rate the stock as a “Hold” with an average price target of $238.39.