Madison Investments’ “Madison Large Cap Fund” gained 3.1% in Q2 2025, compared to the S&P 500’s 10.9% increase. The fund’s top five holdings include The Progressive Corporation (NYSE:PGR), which saw a one-month return of -7.98%. PGR stock closed at $245.13 on July 21, 2025, with a market cap of $143.695 billion.

The Progressive Corporation (NYSE:PGR) underperformed in Q2 2025, according to Madison Large Cap Fund’s investor letter. Despite a slowdown in growth, PGR remains a strong performer in the insurance sector. The fund also highlighted Fiserv, Arch Capital Group, Copart, and Alcon as detractors for the quarter.

The Progressive Corporation (NYSE:PGR) ranks 30th among the 30 Most Popular Stocks Among Hedge Funds. While 91 hedge fund portfolios held PGR at the end of Q1, down from 100 in the previous quarter, some AI stocks offer greater upside potential with less downside risk. Check out our free report for more insights.

For information on the best long-term low volatility stocks to buy, including The Progressive Corporation (NYSE:PGR), and hedge fund investor letters from Q2 2025, visit the provided links. Stay informed about market trends and potential investment opportunities for the future.

Read more at Yahoo Finance: Here’s Why Progressive (PGR) Traded Lower in Q2