Progressive Ownership | Who Owns Progressive?

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Progressive Ownership Summary

Progressive is owned by 41.15% institutional investors, 0.26% insiders, and 58.59% retail investors. Vanguard group is the largest institutional shareholder, holding 9.30% of PGR shares. Vanguard US Total Market Shares ETF is the top mutual fund, with 3.16% of its assets in Progressive shares.

PGR Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Progressive	41.15%	0.26%	58.59%
Sector	Financial Services Stocks	36.95%	15.48%	47.58%
Industry	Property & Casualty Insurance Stocks	48.70%	15.38%	35.92%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Vanguard group	54.67M	9.30%	$13.50B
Blackrock funding, inc. /de	48.70M	8.29%	$12.03B
Blackrock	48.46M	8.28%	$10.07B
State street	25.81M	4.39%	$6.37B
Jpmorgan chase	18.34M	3.12%	$4.53B
Geode capital management	15.66M	2.66%	$3.86B
Capital investors	13.70M	2.33%	$3.38B
Massachusetts financial services co /ma/	12.75M	2.17%	$3.15B
Fmr	12.20M	2.08%	$3.01B
Capital research global investors	11.17M	1.90%	$2.76B

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Bonness enterprises	512.46K	41.51%	$126.55M
Mbb public markets i	745.56K	24.47%	$184.12M
Courant investment management	116.17K	22.68%	$28.69M
Van cleef asset management,inc	752.57K	18.89%	$185.85M
Mcdonald capital investors inc/ca	912.86K	14.01%	$225.43M
Headland capital	199.26K	13.81%	$49.21M
Global frontier investments	182.00K	11.58%	$48.57M
Capco asset management	197.13K	11.35%	$48.68M
Lfl advisers	121.25K	10.37%	$29.94M
Bloombergsen	601.81K	9.21%	$148.62M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	7.69M	0.24%	7.69M
Capital investors	13.70M	0.55%	6.05M
Jpmorgan chase	18.34M	0.27%	2.97M
Capital research global investors	11.17M	0.52%	2.31M
Two sigma advisers, lp	1.52M	0.75%	1.38M

Top Sellers

Holder	Shares	% Assets	Change
Jennison associates	56.13K	0.01%	-3.17M
Principal financial group	879.75K	0.11%	-2.62M
Fmr	12.20M	0.16%	-2.28M
Ubs asset management americas	5.86M	0.31%	-1.34M
Brown advisory	3.27M	1.05%	-1.07M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	7.69M	0.24%	7.69M	$1.84B
Axa investment managers	572.75K	0.38%	572.75K	$141.44M
Madison investment advisors	432.49K	1.17%	432.49K	$103.63M
Rakuten investment management	259.42K	0.01%	259.42K	$3.91M
Global frontier investments	182.00K	11.58%	182.00K	$48.57M

Sold Out

Holder	Change
Redwood wealth management group	-2.00
Bear mountain capital	-2.00
Gfg capital	-3.00
Sugar maple asset management	-3.00
Fairman group	-4.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Sep 30, 2025	1,239	-36.46%	241,881,517	-52.04%	41	0.56%	517	-47.03%	530	-19.82%
Jun 30, 2025	1,931	2.55%	504,035,011	1.29%	85	1.19%	965	0.10%	656	0.61%
Mar 31, 2025	45	-97.51%	5,221,940	-98.96%	-	0.01%	18	-98.02%	18	-97.04%
Dec 31, 2024	1,199	-29.64%	275,456,004	-43.62%	47	0.68%	606	-29.70%	409	-28.12%
Sep 30, 2024	1,680	7.07%	487,562,435	-1.83%	83	1.16%	851	9.52%	562	9.98%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard US Total Market Shares ETF	18.55M	3.16%	5.71K
Vanguard Total Stock Mkt Idx Inv	18.42M	3.14%	-424.95K
Vanguard Institutional 500 Index Trust	16.66M	2.84%	116.35K
Vanguard 500 Index Investor	14.51M	2.48%	-2.13M
MFS Large Cap Value Equity	8.77M	1.50%	-299.57K
MFS Value A	8.72M	1.49%	-50.99K
Fidelity 500 Index	7.43M	1.27%	3.20K
SPDR® S&P 500 ETF	7.29M	1.24%	-106.64K
SPDR® S&P 500® ETF Trust	7.10M	1.21%	-37.15K
SPDR® S&P 500® ETF	7.08M	1.21%	87.03K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Nov 28, 2025	Sauerland John P	VP and Chief Financial Officer	Sell	$1.14M
Nov 21, 2025	Broz Steven	Chief Information Officer	Sell	$307.05K
Nov 11, 2025	Broz Steven	Chief Information Officer	Sell	$295.90K
Sep 19, 2025	Murphy John Jo	Claims President	Sell	$536.98K
Sep 19, 2025	Callahan Patrick K	Personal Lines President	Sell	$1.56M

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	1
2025 Q3	-	16
2025 Q2	-	8
2025 Q1	-	21
2024 Q4	-	3

PGR Ownership FAQ

Who Owns Progressive?

Progressive shareholders are primarily institutional investors at 41.15%, followed by 0.26% insiders and 58.59% retail investors. The average institutional ownership in Progressive's industry, Property & Casualty Insurance Stocks, is 48.70%, which Progressive falls below.

Who owns the most shares of Progressive?

Progressive’s largest shareholders are Vanguard group (54.67M shares, 9.30%), Blackrock funding, inc. /de (48.7M shares, 8.29%), and Blackrock (48.46M shares, 8.28%). Together, they hold 25.86% of Progressive’s total shares outstanding.

Does Blackrock own Progressive?

Yes, BlackRock owns 8.28% of Progressive, totaling 48.46M shares as of Jun 2024. This represents 0.23% of BlackRock's total assets, with a market value of 10.07B$. In the last quarter, BlackRock increased its holdings by 202.45K shares, a 0.42% change.

Who is Progressive’s biggest shareholder by percentage of total assets invested?

Bonness enterprises is Progressive’s biggest shareholder by percentage of total assets invested, with 41.51% of its assets in 512.46K Progressive shares, valued at 126.55M$.

Who is the top mutual fund holder of Progressive shares?

Vanguard US Total Market Shares ETF is the top mutual fund holder of Progressive shares, with 3.16% of its total shares outstanding invested in 18.55M Progressive shares.

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