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Vanguard reports 7.53% stake in Progressive (NYSE: PGR), 44.08M shares
Vanguard Capital Management has reported a beneficial ownership of 44,078,585 shares in Progressive Corp/The (NYSE: PGR), representing a 7.53% stake in the company. This ownership gives Vanguard sole dispositive power over all these shares but sole voting power for only 5,980,226 shares. The filing, a Schedule 13G, indicates a passive investment, primarily on behalf of various client funds and managed accounts.