Rep. Lisa C. McClain Buys The Progressive Corporation (NYSE:PGR) Shares

Key Points

• Representative Lisa C. McClain acquired between $1,001 and $15,000 in shares of The Progressive Corporation on July 10th, as disclosed in a filing.
• Progressive reported a quarterly earnings per share of $4.88, exceeding analysts' estimates, and saw a 12.1% revenue increase compared to the previous year.
• The company declared a quarterly dividend of $0.10 per share, with an annualized yield of 0.2%, payable on October 10th.

Representative Lisa C. McClain (R-Michigan) recently bought shares of The Progressive Corporation NYSE: PGR. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on July 10th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Progressive Stock Performance

PGR traded down $1.5980 on Thursday, reaching $251.0820. The company had a trading volume of 546,649 shares, compared to its average volume of 3,238,083. The Progressive Corporation has a fifty-two week low of $228.54 and a fifty-two week high of $292.99. The stock has a market cap of $147.19 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.48 and a beta of 0.33. The company's fifty day moving average is $252.16 and its 200 day moving average is $266.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.31 and a current ratio of 0.31.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The insurance provider reported $4.88 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.45. Progressive had a net margin of 12.66% and a return on equity of 35.37%. The business had revenue of $20.08 billion for the quarter, compared to analyst estimates of $20.39 billion. During the same quarter in the prior year, the business earned $2.48 EPS. Progressive's quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts predict that The Progressive Corporation will post 14.68 earnings per share for the current fiscal year.

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Thursday, October 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive's dividend payout ratio (DPR) is currently 2.25%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PGR. UBS Group cut their price objective on shares of Progressive from $280.00 to $268.00 and set a "neutral" rating for the company in a report on Monday, July 21st. Jefferies Financial Group cut their price objective on shares of Progressive from $309.00 to $287.00 and set a "buy" rating for the company in a report on Monday, August 11th. Morgan Stanley cut their price objective on shares of Progressive from $275.00 to $265.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. BMO Capital Markets cut their price objective on shares of Progressive from $288.00 to $281.00 and set an "outperform" rating for the company in a report on Friday, July 18th. Finally, Barclays cut their price objective on shares of Progressive from $287.00 to $281.00 and set an "equal weight" rating for the company in a report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, Progressive has a consensus rating of "Moderate Buy" and a consensus price target of $284.53.

Insider Buying and Selling at Progressive

In related news, insider Patrick K. Callahan sold 6,232 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $242.16, for a total transaction of $1,509,141.12. Following the transaction, the insider directly owned 27,844 shares in the company, valued at approximately $6,742,703.04. The trade was a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Susan Patricia Griffith sold 30,660 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $242.12, for a total transaction of $7,423,399.20. Following the transaction, the chief executive officer owned 506,945 shares in the company, valued at approximately $122,741,523.40. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,823 shares of company stock valued at $27,658,151 in the last quarter. 0.34% of the stock is owned by company insiders.

Institutional Trading of Progressive

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC boosted its holdings in Progressive by 1.0% during the first quarter. Integrated Advisors Network LLC now owns 3,808 shares of the insurance provider's stock worth $1,078,000 after purchasing an additional 36 shares during the last quarter. Rise Advisors LLC boosted its holdings in Progressive by 7.4% during the first quarter. Rise Advisors LLC now owns 521 shares of the insurance provider's stock worth $147,000 after purchasing an additional 36 shares during the last quarter. Pines Wealth Management LLC boosted its holdings in Progressive by 3.0% during the first quarter. Pines Wealth Management LLC now owns 1,287 shares of the insurance provider's stock worth $335,000 after purchasing an additional 37 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in Progressive by 2.0% during the first quarter. Contravisory Investment Management Inc. now owns 1,940 shares of the insurance provider's stock worth $549,000 after purchasing an additional 38 shares during the last quarter. Finally, Beacon Financial Group boosted its holdings in Progressive by 1.1% during the first quarter. Beacon Financial Group now owns 3,659 shares of the insurance provider's stock worth $1,036,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company's stock.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Progressive Company Profile

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.