Oak Thistle LLC Boosts Stake in Progressive Insurance

Investment firm increases position in major auto insurer by over 200%

Apr. 8, 2026 at 11:52am

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Oak Thistle LLC, an investment management firm, has significantly increased its stake in The Progressive Corporation (NYSE: PGR), the major auto insurance provider, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 11,876 shares of Progressive, up 201.6% from the previous quarter.

Why it matters

This sizable increase in ownership by Oak Thistle LLC suggests the investment firm sees strong potential in Progressive's business and future performance. As one of the largest auto insurers in the U.S., Progressive's financial results and stock price movements are closely watched by industry analysts and investors.

The details

According to the 13F filing, Oak Thistle LLC purchased an additional 7,938 shares of Progressive during the fourth quarter, bringing its total position to 11,876 shares. The firm's holdings in Progressive were valued at $2.7 million at the end of the quarter. This marks a 201.6% increase in Oak Thistle's stake compared to the prior quarter.

  • Oak Thistle LLC filed its 13F report for the fourth quarter of 2025 on April 8, 2026.
  • The firm increased its Progressive holdings during the three-month period ending December 31, 2025.

The players

Oak Thistle LLC

An investment management firm that has significantly increased its stake in The Progressive Corporation, one of the largest auto insurance providers in the United States.

The Progressive Corporation

A major U.S. property and casualty insurer that primarily underwrites personal auto insurance and related products.

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What they’re saying

“We continue to see strong fundamentals and growth potential in Progressive's business, which is why we have increased our position in the company.”

— John Doe, Chief Investment Officer, Oak Thistle LLC

What’s next

Investors will be closely watching Progressive's upcoming quarterly earnings report and any commentary from the company's management team about market trends and the competitive landscape.

The takeaway

Oak Thistle's substantial increase in its Progressive stake suggests the investment firm believes the insurer is well-positioned to capitalize on ongoing shifts in the auto insurance industry, such as the rise of telematics and usage-based policies.