Progressive (NYSE:PGR) Stock Unloaded Rep. Lisa C. McClain

Key Points

• Representative Lisa C. McClain sold shares of Progressive Corporation, disclosing a transaction between $1,001 and $15,000 on July 16th, as part of a broader pattern of recent trades.
• The stock of Progressive declined 1.6% to $247.02 with trading volumes exceeding its average, while the company reported a strong quarterly earnings of $4.88 EPS, outpacing expectations.
• Progressive recently announced a $0.10 quarterly dividend to be paid on October 10th, representing an annualized yield of 0.2% and a payout ratio of 2.25%.

Representative Lisa C. McClain (R-Michigan) recently sold shares of The Progressive Corporation NYSE: PGR. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on July 16th. 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 Trading Down 1.6%

NYSE PGR traded down $3.93 on Friday, reaching $247.02. The company had a trading volume of 3,425,649 shares, compared to its average volume of 3,263,156. The firm has a market cap of $144.81 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 1.47 and a beta of 0.33. The business has a 50 day moving average of $253.79 and a two-hundred day moving average of $266.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.31 and a quick ratio of 0.31. The Progressive Corporation has a fifty-two week low of $228.54 and a fifty-two week high of $292.99.

Progressive (NYSE:PGR - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The insurance provider reported $4.88 earnings per share (EPS) for the quarter, topping 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 company had revenue of $20.08 billion for the quarter, compared to analysts' expectations of $20.39 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. The business's revenue was up 12.1% on a year-over-year basis. Analysts forecast that The Progressive Corporation will post 14.68 EPS for the current year.

Progressive Dividend Announcement

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

Insider Buying and Selling at Progressive

In other Progressive news, CFO John P. Sauerland sold 16,664 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 228,024 shares in the company, valued at $56,832,701.76. This represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lori A. Niederst sold 8,063 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.18, for a total transaction of $2,017,201.34. Following the transaction, the insider owned 39,040 shares of the company's stock, valued at approximately $9,767,027.20. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 112,313 shares of company stock valued at $28,349,549 in the last quarter. Insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Highline Wealth Partners LLC increased its holdings in Progressive by 114.0% during the first quarter. Highline Wealth Partners LLC now owns 92 shares of the insurance provider's stock valued at $26,000 after buying an additional 49 shares during the last quarter. TruNorth Capital Management LLC increased its holdings in Progressive by 210.0% during the first quarter. TruNorth Capital Management LLC now owns 93 shares of the insurance provider's stock valued at $26,000 after buying an additional 63 shares during the last quarter. HWG Holdings LP purchased a new stake in Progressive during the first quarter valued at approximately $28,000. Minot DeBlois Advisors LLC purchased a new stake in Progressive during the fourth quarter valued at approximately $28,000. Finally, Garde Capital Inc. purchased a new stake in Progressive during the first quarter valued at approximately $33,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Evercore ISI lowered Progressive from an "outperform" rating to an "in-line" rating and set a $275.00 price target on the stock. in a report on Thursday, July 17th. Wells Fargo & Company boosted their target price on shares of Progressive from $328.00 to $333.00 and gave the company an "overweight" rating in a report on Friday, June 20th. Bank of America cut their price target on Progressive from $337.00 to $336.00 and set a "buy" rating for the company in a report on Thursday, July 17th. BMO Capital Markets cut their price target on Progressive from $288.00 to $281.00 and set an "outperform" rating for the company in a report on Friday, July 18th. Finally, Cantor Fitzgerald raised shares of Progressive to a "hold" rating in a report on Wednesday. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Progressive presently has a consensus rating of "Moderate Buy" and a consensus price target of $283.06.

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.

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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