Progressive Corporation (PGR) Fell Along with Peers

Brown Advisory, an investment management company, released its “Brown Advisory Large-Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Brown Advisory Large-Cap Growth strategy has shown resilience this year amid heightened volatility, protecting investor capital during market declines and participating in the strong rebound since early April. The strategy returned 16% during the second quarter, slightly underperforming the benchmark, the Russell 1000® Growth Index. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Brown Advisory Large-Cap Growth Strategy highlighted stocks such as The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a US-based insurance company. The one-month return of The Progressive Corporation (NYSE:PGR) was 1.19%, and its shares lost 1.28% of their value over the last 52 weeks. On September 08, 2025, The Progressive Corporation (NYSE:PGR) stock closed at $245.94 per share, with a market capitalization of $144.17 billion.

Brown Advisory Large-Cap Growth Strategy stated the following regarding The Progressive Corporation (NYSE:PGR) in its second quarter 2025 investor letter:

"The Progressive Corporation (NYSE:PGR), one of the largest property and casualty insurance companies in the U.S., traded down during the quarter alongside other insurance companies but remains one of the top contributors to performance year-to-date. The company continues to achieve record profitability, driven by prior rate increases, low claims frequency, and modest expense growth supported by its significant scale advantages. Year-to-date results include an 18% increase in policies-in-force and historic profitability levels, thanks to substantial marketing investments and favorable prior-year developments. We believe these trends underscore Progressive’s strong positioning and long-term growth potential."

The Progressive Corporation (NYSE:PGR) is in 30th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 99 hedge fund portfolios held The Progressive Corporation (NYSE:PGR) at the end of the second quarter, which was 91 in the previous quarter. While we acknowledge the potential of The Progressive Corporation (NYSE:PGR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered The Progressive Corporation (NYSE:PGR) and shared the list of best financial stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.