Macquarie Asset Management released its Q2 2025 investor letter, noting a 10.94% surge in the US large-cap equity market. The Macquarie Core Equity Fund’s Institutional Class outperformed the S&P 500 Index, with an 11.94% return. The letter highlighted The Progressive Corporation (NYSE:PGR), a US insurance company, which saw a -2.79% one-month return.

The Progressive Corporation (NYSE:PGR) experienced a 6% decline in Q2 2025, serving as a defensive security in the Macquarie Core Equity Fund’s diversified portfolio. The company remains a leader in direct sales of auto and home insurance, positioning it for market share growth in the future. The stock closed at $242.00 per share on September 18, 2025.

The Progressive Corporation (NYSE:PGR) ranked 30th in the list of 30 Most Popular Stocks Among Hedge Funds in Q2 2025. 99 hedge fund portfolios held PGR, up from 91 in the previous quarter. While PGR shows potential, AI stocks may offer greater upside with less downside risk. Investors seeking undervalued AI stocks can refer to a free report for more information.

Read more at Yahoo Finance: The Progressive Corp. (PGR) Declined 6% in Q2