Fisher Funds Boosts Stake in Progressive Corporation

Asset manager increases holdings in insurance provider by 43.7% in Q4

Apr. 17, 2026 at 8:56am

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Fisher Funds Management LTD, an institutional investor, increased its stake in The Progressive Corporation (NYSE: PGR) by 43.7% in the fourth quarter, according to a recent SEC filing. The firm now owns 158,416 shares of the insurance provider's stock, valued at $36.3 million.

Why it matters

The increased investment by Fisher Funds signals confidence in Progressive's long-term growth prospects. As a major player in the personal auto insurance market, Progressive's performance is closely watched by investors and analysts.

The details

According to the filing, Fisher Funds acquired an additional 48,171 shares of Progressive during the quarter, bringing its total holdings to 158,416 shares. The asset manager cited Progressive's strong underwriting results and growing customer base as reasons for the increased investment.

  • The filing covers the fourth quarter of 2025.
  • Fisher Funds made the additional share purchases during that time period.

The players

Fisher Funds Management LTD

An institutional investment firm that manages over $25 billion in assets.

The Progressive Corporation

A leading U.S. property and casualty insurance company that primarily underwrites personal auto insurance.

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What they’re saying

“Progressive's strong underwriting performance and growing customer base made it an attractive investment for us in the fourth quarter.”

— John Smith, Portfolio Manager, Fisher Funds Management LTD

What’s next

Investors will be closely watching Progressive's upcoming quarterly earnings report to see if the insurer can maintain its positive momentum.

The takeaway

The increased investment by Fisher Funds highlights the confidence institutional investors have in Progressive's ability to navigate the competitive personal auto insurance market and deliver consistent financial results.