1 day Ago By Defense World Staff
Thrivent Financial for Lutherans trimmed its holdings in shares of PROG Holdings, Inc. (NYSE:PRG – Free Report) by 3.4% in the fourth quarter, according to its most recent filing with the SEC.
The firm owned 32,111 shares of the company’s stock after selling 1,124 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of PROG worth $1,357,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the business. FMR LLC lifted its stake in PROG by 1.3% during the third quarter.
FMR LLC now owns 2,430,318 shares of the company’s stock worth $117,846,000 after purchasing an additional 30,030 shares during the period. State Street Corp raised its holdings in shares of PROG by 6.9% in the 3rd quarter.
State Street Corp now owns 1,776,377 shares of the company’s stock worth $86,137,000 after buying an additional 114,498 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of PROG by 36.8% during the 4th quarter.
Allianz Asset Management GmbH now owns 779,716 shares of the company’s stock worth $32,951,000 after buying an additional 209,805 shares during the period. Wellington Management Group LLP boosted its stake in PROG by 1.6% in the 3rd quarter.
Wellington Management Group LLP now owns 414,305 shares of the company’s stock valued at $20,090,000 after buying an additional 6,517 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in PROG by 9.9% in the fourth quarter.
Bank of New York Mellon Corp now owns 377,448 shares of the company’s stock valued at $15,951,000 after acquiring an additional 34,020 shares during the period. 97.92% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at PROGIn other PROG news, Director Douglas C. Curling bought 10,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $29.
88 per share, for a total transaction of $298,800.00. Following the transaction, the director now owns 45,913 shares in the company, valued at approximately $1,371,880.
44. This trade represents a 27.85 % increase in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Caroline Sio-Chin Sheu purchased 1,650 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $28.
01 per share, with a total value of $46,216.50. Following the transaction, the director now owns 18,291 shares in the company, valued at $512,330.
91. This trade represents a 9.92 % increase in their ownership of the stock.
The disclosure for this purchase can be found here. 2.74% of the stock is currently owned by company insiders.
Analyst Ratings ChangesA number of brokerages have issued reports on PRG. Jefferies Financial Group cut PROG from a “buy” rating to a “hold” rating and cut their price objective for the company from $58.00 to $29.
00 in a report on Wednesday, February 26th. Stephens reissued an “overweight” rating and set a $60.00 price target on shares of PROG in a report on Thursday, January 2nd.
Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.
00.Check Out Our Latest Stock Report on PROGPROG Trading Down 3.7 %Shares of PRG opened at $26.
39 on Monday. The stock has a fifty day moving average price of $34.35 and a two-hundred day moving average price of $41.
79. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.
34 and a current ratio of 5.24. The company has a market cap of $1.
08 billion, a price-to-earnings ratio of 5.81 and a beta of 2.14.
PROG Holdings, Inc. has a 52-week low of $25.93 and a 52-week high of $50.
28. PROG (NYSE:PRG – Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.
80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03.
PROG had a return on equity of 24.25% and a net margin of 8.01%.
The business had revenue of $623.30 million during the quarter, compared to analysts’ expectations of $612.67 million.
During the same period in the previous year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 7.
9% compared to the same quarter last year. Analysts predict that PROG Holdings, Inc. will post 3.
45 EPS for the current fiscal year. PROG Increases DividendThe business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.
13 per share. This is a boost from PROG’s previous quarterly dividend of $0.12.
This represents a $0.52 annualized dividend and a dividend yield of 1.97%.
The ex-dividend date was Thursday, March 13th. PROG’s dividend payout ratio is 10.57%.
PROG Company Profile (Free Report)PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.Recommended StoriesFive stocks we like better than PROGWhat is the NASDAQ Stock Exchange?Venezuelan Tariffs Could Power These 3 Diesel-Driven WinnersInsider Trades May Not Tell You What You ThinkMarketBeat Week in Review – 03/24 – 03/28What Are the FAANG Stocks and Are They Good Investments?Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year LowWant to see what other hedge funds are holding PRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PROG Holdings, Inc.
(NYSE:PRG – Free Report)..
