Investors cut Progressive stake, boost WEX holdings

Janus Henderson Group PLC lowered its position in The Progressive Corporation during the first quarter, selling 715,686 shares and reducing its stake by 13.1%. The fund now holds 4,731,581 shares, amounting to 0.81% of the insurer and valued at roughly $938 million.

Quantinno Capital Management LP more than doubled its holding in WEX Inc. in the same quarter, adding 112,378 shares for a total of 212,873 shares. The stake represents 0.61% of the business‑services provider and is valued at about $32.6 million.