5 Best Low Beta Stocks To Buy

4. The Progressive Corporation (NYSE:PGR)

Number of Hedge Fund Investors in Q2 2023: 69

The Progressive Corporation (NYSE:PGR) is an American insurance company that provides property, liability, auto, and other coverage products. The firm’s third quarter results saw its CEO share that troubles in developing high reserves in a tricky era for insurers are now a thing of the past, and investors can look to an easier future.

During 2023’s June quarter, 69 out of the 910 hedge funds part of Insider Monkey’s database had invested in the insurance provider. The Progressive Corporation (NYSE:PGR)’s largest investor among these is William B. Gray’s Orbis Investment Management through its $318 million stake.

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