Progressive (NYSE:PGR) Stock Unloaded Rep. Julie Johnson
by Danessa Lincoln · The Markets DailyRepresentative Julie Johnson (D-Texas) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on December 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on November 13th. The trade occurred in the Representative’s “CHASE BROKERAGE ACCOUNT (3935)” account.
Representative Julie Johnson also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 11/13/2025.
- Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 11/13/2025.
- Sold $1,001 – $15,000 in shares of Cigna Group (NYSE:CI) on 11/13/2025.
- Sold $1,001 – $15,000 in shares of Xcel Energy (NASDAQ:XEL) on 11/13/2025.
- Sold $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 11/13/2025.
- Sold $1,001 – $15,000 in shares of Walmart (NASDAQ:WMT) on 11/13/2025.
- Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 11/13/2025.
- Sold $1,001 – $15,000 in shares of Wells Fargo & Company (NYSE:WFC) on 11/13/2025.
- Sold $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 11/13/2025.
- Sold $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 11/13/2025.
Progressive Trading Up 1.8%
Shares of NYSE PGR opened at $234.61 on Monday. The Progressive Corporation has a 1 year low of $199.90 and a 1 year high of $292.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50-day moving average of $224.07 and a 200 day moving average of $242.48. The stock has a market cap of $137.58 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.05 and a beta of 0.36.
Progressive (NYSE:PGR – Get Free Report) last announced its quarterly earnings data on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). Progressive had a return on equity of 33.88% and a net margin of 12.57%.The business had revenue of $21.38 billion during the quarter, compared to analysts’ expectations of $21.64 billion. During the same quarter last year, the company posted $3.58 EPS. As a group, sell-side analysts expect that The Progressive Corporation will post 14.68 EPS for the current fiscal year.
Progressive Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, January 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, January 2nd. Progressive’s dividend payout ratio (DPR) is presently 2.19%.
Institutional Trading of Progressive
A number of institutional investors have recently made changes to their positions in the stock. Alecta Tjanstepension Omsesidigt bought a new stake in shares of Progressive in the third quarter worth approximately $131,757,000. Allworth Financial LP boosted its holdings in Progressive by 5.9% in the third quarter. Allworth Financial LP now owns 18,897 shares of the insurance provider’s stock worth $4,667,000 after purchasing an additional 1,048 shares during the last quarter. IFP Advisors Inc grew its position in Progressive by 9.2% in the 3rd quarter. IFP Advisors Inc now owns 5,878 shares of the insurance provider’s stock worth $1,497,000 after purchasing an additional 493 shares during the period. Swiss Life Asset Management Ltd grew its position in Progressive by 12.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 240,599 shares of the insurance provider’s stock worth $59,416,000 after purchasing an additional 26,628 shares during the period. Finally, Cambria Investment Management L.P. raised its stake in Progressive by 8.4% during the 3rd quarter. Cambria Investment Management L.P. now owns 7,130 shares of the insurance provider’s stock valued at $1,761,000 after buying an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. The Goldman Sachs Group reduced their price objective on Progressive from $276.00 to $245.00 and set a “buy” rating for the company in a research report on Monday, October 27th. UBS Group reduced their price target on Progressive from $268.00 to $261.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Evercore ISI dropped their price target on shares of Progressive from $275.00 to $273.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 1st. Wolfe Research initiated coverage on shares of Progressive in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Progressive from $301.00 to $303.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $266.40.
Check Out Our Latest Research Report on Progressive
Insider Transactions at Progressive
In related news, insider Patrick K. Callahan sold 6,420 shares of Progressive stock in a transaction on Friday, September 19th. The stock was sold at an average price of $242.22, for a total value of $1,555,052.40. Following the completion of the sale, the insider owned 15,192 shares of the company’s stock, valued at $3,679,806.24. The trade was a 29.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John P. Sauerland sold 5,000 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $228.48, for a total value of $1,142,400.00. Following the completion of the transaction, the chief financial officer directly owned 223,024 shares in the company, valued at approximately $50,956,523.52. This represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 17,673 shares of company stock valued at $4,163,005. Corporate insiders own 0.33% of the company’s stock.
About Representative Johnson
Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.
Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.
About Progressive
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.
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