Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of The Progressive Corporation (NYSE:PGR)

Key Points

• Rep. Gilbert Ray Cisneros Jr. sold between $1,001 and $15,000 of Progressive stock on July 17, according to a September 4 disclosure. He has also recently made multiple purchases and sales across healthcare, technology, financial and consumer companies.
• Progressive reported quarterly earnings of $5.67 per share, exceeding estimates of $4.64, while revenue rose 5% year over year to $23.61 billion. The company declared a quarterly dividend of $0.10 per share, equivalent to a 0.2% yield.
• PGR shares opened at $218.41, and analysts maintain a consensus “Hold” rating with a $236.26 price target. Institutional investors own approximately 85.34% of the company, while insiders have sold roughly $24.5 million of stock over the past 90 days.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on July 17th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Mesabi Trust NYSE: MSB on 7/31/2026.
• Purchased $1,001 - $15,000 in shares of Praxis Precision Medicines NASDAQ: PRAX on 7/30/2026.
• Purchased $15,001 - $50,000 in shares of Alkermes NASDAQ: ALKS on 7/30/2026.
• Sold $15,001 - $50,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 7/30/2026.
• Sold $100,001 - $250,000 in shares of Alibaba Group NYSE: BABA on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of SailPoint NASDAQ: SAIL on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of Glacier Bancorp NYSE: GBCI on 7/21/2026.
• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 7/21/2026.

Progressive Trading Down 0.2%

Shares of PGR opened at $218.41 on Tuesday. The Progressive Corporation has a fifty-two week low of $189.20 and a fifty-two week high of $249.71. The company has a market capitalization of $126.98 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 2.92 and a beta of 0.27. The stock has a fifty day moving average of $217.55 and a two-hundred day moving average of $207.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.29 and a current ratio of 0.29.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The insurance provider reported $5.67 EPS for the quarter, beating analysts' consensus estimates of $4.64 by $1.03. Progressive had a return on equity of 32.92% and a net margin of 12.84%.The business had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $19.49 billion. During the same quarter in the previous year, the business earned $5.40 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast that The Progressive Corporation will post 17.74 EPS for the current year.

Progressive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 1st. Progressive's payout ratio is presently 2.01%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PGR. Bank of Nova Scotia acquired a new position in Progressive during the 2nd quarter worth approximately $76,260,000. Allstate Corp grew its position in Progressive by 106.1% in the fourth quarter. Allstate Corp now owns 44,513 shares of the insurance provider's stock valued at $10,136,000 after acquiring an additional 22,915 shares in the last quarter. Norges Bank purchased a new stake in shares of Progressive during the fourth quarter valued at approximately $1,836,094,000. Investment House LLC acquired a new position in shares of Progressive during the fourth quarter worth $8,447,000. Finally, Callan Family Office LLC purchased a new position in shares of Progressive in the second quarter valued at $3,025,000. Hedge funds and other institutional investors own 85.34% of the company's stock.

Insider Buying and Selling at Progressive

In other news, insider Karen Bailo sold 8,452 shares of the firm's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $212.71, for a total transaction of $1,797,824.92. Following the completion of the sale, the insider directly owned 32,348 shares in the company, valued at $6,880,743.08. This trade represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew J. Quigg sold 3,499 shares of Progressive stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $220.00, for a total value of $769,780.00. Following the sale, the chief financial officer directly owned 42,595 shares in the company, valued at approximately $9,370,900. The trade was a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 113,714 shares of company stock worth $24,466,294. 0.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PGR has been the topic of several research analyst reports. Mizuho set a $236.00 target price on shares of Progressive in a research report on Wednesday, August 5th. William Blair reaffirmed a "market perform" rating on shares of Progressive in a research report on Wednesday, July 15th. Cantor Fitzgerald cut their price target on shares of Progressive from $220.00 to $200.00 and set a "neutral" rating on the stock in a research note on Monday, August 17th. Evercore set a $240.00 price target on shares of Progressive in a report on Friday, July 10th. Finally, Royal Bank Of Canada set a $208.00 price objective on shares of Progressive in a research note on Friday, May 22nd. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Progressive presently has an average rating of "Hold" and a consensus price target of $236.26.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Progressive

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.

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