Rep. David Taylor Purchases Shares of The Progressive Corporation (NYSE:PGR)

Key Points

• Representative David Taylor of Ohio purchased between $1,001 and $15,000 in shares of The Progressive Corporation (NYSE:PGR) on July 18th, which was disclosed in a filing on September 2nd.
• Progressive recently reported an EPS of $4.88 for the last quarter, beating estimates, although revenue of $20.08 billion fell slightly short of expectations.
• The company is also set to pay a quarterly dividend of $0.10 on October 10th, with an ex-dividend date on October 2nd, representing an annualized yield of 0.2%.

Representative David Taylor (R-Ohio) recently bought shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on September 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on July 18th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) - DAVE" account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Purchased $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 8/14/2025.
• Purchased $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/14/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 8/13/2025.
• Sold $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 8/7/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/7/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 8/7/2025.

Progressive Stock Performance

Shares of PGR opened at $246.84 on Thursday. 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 stock has a 50-day moving average of $248.64 and a 200-day moving average of $265.82. The company has a market cap of $144.70 billion, a PE ratio of 13.91, a P/E/G ratio of 1.44 and a beta of 0.32. The Progressive Corporation has a one year low of $228.54 and a one year high of $292.99.

Progressive (NYSE:PGR - Get Free Report) last issued its earnings results on Wednesday, July 16th. The insurance provider reported $4.88 EPS for the quarter, beating the consensus estimate of $4.43 by $0.45. The company had revenue of $20.08 billion during the quarter, compared to the consensus estimate of $20.39 billion. Progressive had a return on equity of 35.37% and a net margin of 12.66%.The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $2.48 EPS. On average, equities research analysts predict that The Progressive Corporation will post 14.68 EPS for the current fiscal year.

Progressive Dividend Announcement

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

Insider Buying and Selling

In related news, insider Lori A. Niederst sold 8,063 shares of Progressive stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.18, for a total value of $2,017,201.34. Following the sale, the insider owned 39,040 shares of the company's stock, valued at approximately $9,767,027.20. The trade was a 17.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Jo Murphy sold 2,218 shares of Progressive stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $250.78, for a total transaction of $556,230.04. Following the completion of the sale, the insider directly owned 45,724 shares in the company, valued at $11,466,664.72. This trade represents a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,010 shares of company stock worth $34,547,699 in the last three months. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

PGR has been the subject of several research reports. Citigroup restated a "buy" rating on shares of Progressive in a research note on Friday, August 29th. Wall Street Zen downgraded Progressive from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. BMO Capital Markets cut their price target on Progressive from $281.00 to $279.00 and set an "outperform" rating for the company in a research note on Thursday, August 21st. Barclays cut their price target on Progressive from $287.00 to $281.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 19th. Finally, Morgan Stanley lifted their price target on Progressive from $265.00 to $267.00 and gave the company an "equal weight" rating in a research note on Friday, August 22nd. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Progressive currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.18.

Hedge Funds Weigh In On Progressive

A number of hedge funds and other institutional investors have recently modified their holdings of the business. American Trust boosted its stake in shares of Progressive by 88.5% in the 2nd quarter. American Trust now owns 4,384 shares of the insurance provider's stock worth $1,170,000 after buying an additional 2,058 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Progressive by 18.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 111,613 shares of the insurance provider's stock worth $29,782,000 after buying an additional 17,423 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Progressive in the 2nd quarter worth approximately $7,702,000. Stance Capital LLC purchased a new position in shares of Progressive in the 2nd quarter worth approximately $1,296,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Progressive in the 2nd quarter worth approximately $1,371,000. Hedge funds and other institutional investors own 85.34% of the company's stock.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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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