Here’s Why The Progressive Corporation (PGR) Detracted in Q3

Group 1 - Middle Coast Investing's third-quarter 2025 investor letter indicates a favorable performance, with its collective portfolio outperforming the S&P 500, returning 9.6% compared to the S&P 500's 7.8% [1] - The Core U.S. portfolios returned 10%, while the Russell 2000 returned 12%, the S&P 600 returned 8.7%, and the Nasdaq generated 11.2% during the same period [1] - European Portfolios appreciated by 5.5% in Q3 2025 [1] Group 2 - The Progressive Corporation (NYSE:PGR) is highlighted as a stock of interest, with a one-month return of -1.02% and a 52-week loss of 0.85% [2] - As of October 3, 2025, The Progressive Corporation's stock closed at $245.70 per share, with a market capitalization of $144.03 billion [2] - The Progressive Corporation is noted as the least concerning performance detractor for Middle Coast Investing, being the second biggest loser for two consecutive quarters, yet remaining just above flat for the year [3] Group 3 - The Progressive Corporation ranks 30th among the 30 Most Popular Stocks Among Hedge Funds, with 99 hedge fund portfolios holding its stock at the end of Q2 2025, up from 91 in the previous quarter [4] - While The Progressive Corporation is acknowledged for its investment potential, certain AI stocks are believed to offer greater upside potential and less downside risk [4]