WINTON GROUP Ltd Purchases Shares of 22,079 PROG Holdings, Inc. (NYSE:PRG)

WINTON GROUP Ltd purchased a new stake in PROG Holdings, Inc. (NYSE:PRG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,079 shares of the company's stock, valued at approximately $933,000. WINTON GROUP Ltd owned about 0.05% of PROG as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in PROG by 141.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,208 shares of the company's stock valued at $51,000 after buying an additional 707 shares in the last quarter. Quarry LP boosted its holdings in shares of PROG by 162.9% during the 3rd quarter. Quarry LP now owns 1,517 shares of the company's stock valued at $74,000 after acquiring an additional 940 shares in the last quarter. KBC Group NV grew its position in PROG by 53.9% during the 4th quarter. KBC Group NV now owns 2,015 shares of the company's stock worth $85,000 after acquiring an additional 706 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in PROG in the 4th quarter worth about $101,000. Finally, Blue Trust Inc. raised its position in PROG by 38.6% in the fourth quarter. Blue Trust Inc. now owns 3,691 shares of the company's stock valued at $156,000 after purchasing an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company's stock.

Insider Buying and Selling

In related news, Director Douglas C. Curling acquired 10,000 shares of the company's stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of $29.88 per share, for a total transaction of $298,800.00. Following the completion of the acquisition, the director now owns 45,913 shares of the company's stock, valued at approximately $1,371,880.44. This trade represents a 27.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Caroline Sio-Chin Sheu bought 1,650 shares of PROG stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $28.01 per share, with a total value of $46,216.50. Following the completion of the purchase, 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 insiders.

PROG Trading Down 8.8 %

NYSE:PRG traded down $2.48 on Thursday, reaching $25.59. 103,927 shares of the stock traded hands, compared to its average volume of 544,181. The company has a current ratio of 5.24, a quick ratio of 2.34 and a debt-to-equity ratio of 0.99. PROG Holdings, Inc. has a 1-year low of $25.24 and a 1-year high of $50.28. The company's 50 day moving average is $33.39 and its 200-day moving average is $41.43. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 5.64 and a beta of 2.14.

PROG (NYSE:PRG - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $623.30 million for the quarter, compared to analyst estimates of $612.67 million. PROG had a net margin of 8.01% and a return on equity of 24.25%. PROG's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. Equities research analysts anticipate that PROG Holdings, Inc. will post 3.45 EPS for the current fiscal year.

PROG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 13th were given a dividend of $0.13 per share. This is a positive change from PROG's previous quarterly dividend of $0.12. The ex-dividend date was Thursday, March 13th. This represents a $0.52 annualized dividend and a dividend yield of 2.03%. PROG's dividend payout ratio is presently 10.57%.

Wall Street Analysts Forecast Growth

PRG has been the subject of several recent research reports. Stephens reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of PROG in a research note on Thursday, January 2nd. Jefferies Financial Group lowered shares of PROG from a "buy" rating to a "hold" rating and cut their price target for the stock from $58.00 to $29.00 in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $49.00.

About PROG

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.