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The Progressive Corporation $PGR Stake Raised by Alecta Tjanstepension Omsesidigt
Alecta Tjanstepension Omsesidigt increased its stake in The Progressive Corporation ($PGR) by 30.2%, now owning 694,800 shares valued at over $158 million. Other institutional investors like Vanguard Group and State Street Corp also significantly increased their holdings, bringing total institutional ownership to 85.34%. Despite a recent EPS beat, analysts mostly rate PGR as “Hold” with an average price target of $238.39, following some downward revisions.