PROG Holdings, Inc. (NYSE:PRG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of PROG Holdings, Inc. (NYSE:PRG) by 66.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,974 shares of the company’s stock after selling 46,428 shares during the quarter. Nisa Investment Advisors LLC owned about 0.05% of PROG worth $1,114,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of PROG by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the company’s stock valued at $39,000 after acquiring an additional 337 shares in the last quarter. Diversified Trust Co lifted its position in shares of PROG by 7.1% in the 3rd quarter. Diversified Trust Co now owns 7,849 shares of the company’s stock worth $381,000 after buying an additional 520 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of PROG by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 39,140 shares of the company’s stock valued at $1,348,000 after buying an additional 525 shares during the period. Inspire Advisors LLC grew its position in shares of PROG by 4.2% during the 3rd quarter. Inspire Advisors LLC now owns 12,884 shares of the company’s stock valued at $625,000 after buying an additional 525 shares during the last quarter. Finally, Whittier Trust Co. bought a new stake in shares of PROG during the 3rd quarter valued at about $26,000. Institutional investors own 97.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. KeyCorp lifted their target price on PROG from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. TD Cowen boosted their price objective on PROG from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Loop Capital raised PROG from a “hold” rating to a “buy” rating and increased their target price for the stock from $41.00 to $55.00 in a research report on Monday, August 19th. Jefferies Financial Group raised their target price on PROG from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Raymond James upgraded shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.60.

PROG Trading Up 0.8 %

Shares of PRG stock opened at $44.03 on Monday. PROG Holdings, Inc. has a 1 year low of $26.39 and a 1 year high of $50.28. The firm has a market capitalization of $1.83 billion, a PE ratio of 12.20 and a beta of 2.11. The stock has a fifty day moving average of $46.72 and a two-hundred day moving average of $40.34. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.34 and a current ratio of 4.97.

PROG (NYSE:PRG) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. The business had revenue of $606.10 million during the quarter, compared to the consensus estimate of $601.86 million. PROG had a net margin of 6.55% and a return on equity of 24.56%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. As a group, research analysts expect that PROG Holdings, Inc. will post 3.35 EPS for the current year.

PROG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.09%. PROG’s dividend payout ratio is presently 13.30%.

PROG Company Profile

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.