Levin Capital Strategies L.P. Purchases 34,380 Shares of The Progressive Corporation $PGR

Levin Capital Strategies L.P. significantly increased its stake in The Progressive Corporation by 2,713.5% in the fourth quarter, acquiring 34,380 additional shares to bring its total holdings to 35,647 shares, valued at approximately $8.12 million. Despite mixed quarterly results where Progressive beat EPS estimates but missed on revenue, institutional investors collectively own about 85.34% of the stock, while corporate insiders have been net sellers. The company recently declared a quarterly dividend of $0.10 per share and maintains a “Hold” consensus rating from analysts.

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