Progressive (NYSE:PGR) Shares Unloaded Rep. Byron Donalds

Key Points

• Representative Byron Donalds sold shares of The Progressive Corporation (NYSE:PGR) in a transaction valued between $1,001 and $15,000 on September 4th.
• Progressive reported $4.88 EPS for the last quarter, exceeding analysts' expectations, and achieved a revenue of $20.08 billion despite falling short of estimates.
• The company announced a quarterly dividend of $0.10 per share, payable on October 10th, reflecting an annualized yield of 0.2%.

Representative Byron Donalds (R-Florida) recently sold shares of The Progressive Corporation NYSE: PGR. In a filing disclosed on October 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on September 4th. The trade occurred in the Representative's "MORAN WEALTH IRA" account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Brown & Brown NYSE: BRO on 9/4/2025.
• Sold $1,001 - $15,000 in shares of Fortinet NASDAQ: FTNT on 9/4/2025.
• Sold $1,001 - $15,000 in shares of Tradeweb Markets NASDAQ: TW on 9/4/2025.
• Sold $1,001 - $15,000 in shares of Molina Healthcare NYSE: MOH on 9/4/2025.
• Sold $1,001 - $15,000 in shares of Chipotle Mexican Grill NYSE: CMG on 9/4/2025.
• Purchased $1,001 - $15,000 in shares of IDEXX Laboratories NASDAQ: IDXX on 9/4/2025.
• Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 9/4/2025.
• Sold $1,001 - $15,000 in shares of Fiserv NYSE: FI on 9/4/2025.
• Sold $1,001 - $15,000 in shares of Howmet Aerospace NYSE: HWM on 8/7/2025.
• Sold $1,001 - $15,000 in shares of Deckers Outdoor NYSE: DECK on 8/7/2025.

Progressive Price Performance

Shares of PGR opened at $243.07 on Thursday. The firm has a market capitalization of $142.49 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.36 and a beta of 0.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.31 and a current ratio of 0.31. The Progressive Corporation has a one year low of $228.54 and a one year high of $292.99. The stock's fifty day moving average is $245.21 and its 200-day moving average is $260.20.

Progressive (NYSE:PGR - Get Free Report) last issued 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. The company had revenue of $20.08 billion for the quarter, compared to analyst estimates of $20.39 billion. Progressive had a return on equity of 35.37% and a net margin of 12.66%.The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $2.48 earnings per share. Equities analysts anticipate that The Progressive Corporation will post 14.68 EPS for the current year.

Progressive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 2nd. Progressive's dividend payout ratio (DPR) is 2.25%.

Analyst Ratings Changes

A number of research analysts have recently commented on PGR shares. Weiss Ratings reissued a "buy (b)" rating on shares of Progressive in a report on Wednesday. Morgan Stanley lowered their target price on Progressive from $267.00 to $265.00 and set an "equal weight" rating on the stock in a report on Monday, September 22nd. Evercore ISI lowered their target price on Progressive from $275.00 to $273.00 and set an "in-line" rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company lifted their target price on Progressive from $265.00 to $266.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Cantor Fitzgerald raised Progressive to a "hold" rating in a report on Wednesday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Progressive presently has an average rating of "Hold" and a consensus price target of $278.63.

Insider Activity at Progressive

In other news, insider Patrick K. Callahan sold 6,420 shares of Progressive stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $242.22, for a total transaction of $1,555,052.40. Following the completion of the sale, the insider directly owned 15,192 shares in the company, valued at $3,679,806.24. The trade was a 29.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John P. Sauerland sold 16,664 shares of Progressive stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $249.24, for a total value of $4,153,335.36. Following the sale, the chief financial officer owned 228,024 shares of the company's stock, valued at approximately $56,832,701.76. This represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,045 shares of company stock worth $31,997,390. Company insiders own 0.34% of the company's stock.

Institutional Trading of Progressive

A number of hedge funds have recently bought and sold shares of PGR. Vanguard Group Inc. grew its stake in Progressive by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 54,516,288 shares of the insurance provider's stock valued at $14,548,217,000 after acquiring an additional 493,332 shares in the last quarter. Geode Capital Management LLC grew its stake in Progressive by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 15,513,188 shares of the insurance provider's stock valued at $4,128,055,000 after acquiring an additional 301,371 shares in the last quarter. Alliancebernstein L.P. grew its stake in Progressive by 32.8% during the 2nd quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider's stock valued at $2,928,141,000 after acquiring an additional 2,709,417 shares in the last quarter. GQG Partners LLC grew its stake in Progressive by 61.4% during the 1st quarter. GQG Partners LLC now owns 8,346,133 shares of the insurance provider's stock valued at $2,362,039,000 after acquiring an additional 3,174,632 shares in the last quarter. Finally, Norges Bank purchased a new position in Progressive during the 2nd quarter valued at about $2,156,939,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida's 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida's 19th Congressional District. He declared candidacy for the 2026 election. Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor's degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.

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