Progressive (NYSE:PGR) Shares Bought Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Ray Cisneros, Jr. disclosed a purchase of Progressive shares worth between $1,001 and $15,000 on June 16, according to a filing released July 2.
• Progressive reported Q1 earnings of $4.80 per share, beating analyst expectations, though revenue of $22.19 billion came in below estimates.
• The company also announced a quarterly dividend of $0.10 per share, payable July 10, while analysts currently rate the stock a consensus Hold with a $237.37 price target.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on July 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on June 16th. 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 $1,001 - $15,000 in shares of The Descartes Systems Group NASDAQ: DSGX on 6/30/2026.
• Purchased $1,001 - $15,000 in shares of Texas Roadhouse NASDAQ: TXRH on 6/30/2026.
• Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 6/30/2026.
• Sold $1,001 - $15,000 in shares of SoftBank Group OTCMKTS: SFTBF on 6/30/2026.
• Sold $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 6/30/2026.
• Sold $1,001 - $15,000 in shares of RBC Bearings NYSE: RBC on 6/30/2026.
• Purchased $1,001 - $15,000 in shares of Microchip Technology NASDAQ: MCHP on 6/30/2026.
• Purchased $1,001 - $15,000 in shares of HealthEquity NASDAQ: HQY on 6/30/2026.
• Purchased $1,001 - $15,000 in shares of Cytokinetics NASDAQ: CYTK on 6/30/2026.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 6/30/2026.

Progressive Stock Down 0.2%

Shares of NYSE PGR opened at $231.75 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.26. The Progressive Corporation has a 52 week low of $189.20 and a 52 week high of $261.66. The firm has a 50-day moving average price of $203.97 and a 200 day moving average price of $206.81. The stock has a market capitalization of $135.42 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 7.03 and a beta of 0.26.

Progressive (NYSE:PGR - Get Free Report) last issued its earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, topping the consensus estimate of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The company had revenue of $22.19 billion for the quarter, compared to analyst estimates of $23.51 billion. During the same period in the prior year, the business posted $4.37 earnings per share. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that The Progressive Corporation will post 17.12 EPS for the current fiscal year.

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 2nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, July 2nd. Progressive's dividend payout ratio (DPR) is currently 2.03%.

Analysts Set New Price Targets

PGR has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price target on Progressive from $208.00 to $210.00 and gave the stock a "market perform" rating in a report on Thursday, June 18th. Morgan Stanley decreased their target price on Progressive from $205.00 to $190.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 31st. Royal Bank Of Canada set a $208.00 price target on Progressive in a research report on Friday, May 22nd. Jefferies Financial Group lowered their price objective on shares of Progressive from $216.00 to $215.00 and set a "hold" rating on the stock in a research note on Tuesday, March 24th. Finally, Bank of America cut their target price on shares of Progressive from $331.00 to $313.00 and set a "buy" rating for the company in a research report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Progressive currently has an average rating of "Hold" and a consensus price target of $237.37.

Insider Transactions at Progressive

In other Progressive news, insider John Jo Murphy sold 5,916 shares of the firm's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $200.00, for a total value of $1,183,200.00. Following the transaction, the insider directly owned 41,290 shares of the company's stock, valued at $8,258,000. This trade represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of the business's stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total value of $1,514,310.00. Following the transaction, the director owned 22,546 shares in the company, valued at approximately $4,877,376.18. This represents a 23.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,230 shares of company stock valued at $3,165,817 over the last 90 days. Corporate insiders own 0.32% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PGR. Bogart Wealth LLC raised its holdings in shares of Progressive by 235.1% in the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider's stock worth $25,000 after purchasing an additional 87 shares during the period. Bard Associates Inc. acquired a new stake in Progressive during the 4th quarter worth approximately $27,000. Dagco Inc. acquired a new stake in Progressive during the 4th quarter worth approximately $28,000. HHM Wealth Advisors LLC raised its holdings in Progressive by 700.0% in the first quarter. HHM Wealth Advisors LLC now owns 144 shares of the insurance provider's stock valued at $29,000 after buying an additional 126 shares during the period. Finally, IFC & Insurance Marketing Inc. acquired a new position in Progressive during the fourth quarter valued at approximately $29,000. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.