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

Key Points

• Rep. David Taylor disclosed a new purchase of Progressive stock, buying between $1,001 and $15,000 worth of shares on April 27 in his trust/401(k) account.
• Progressive reported better-than-expected quarterly earnings of $4.80 per share, beating analysts’ estimate of $4.67, though revenue came in below expectations at $22.19 billion.
• The stock has been under pressure recently, trading near its 52-week low at $193.85, while Wall Street currently has a Hold consensus rating with an average price target of $238.39.

Representative David Taylor (Republican-Ohio) recently bought shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on May 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on April 27th. 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 Procter & Gamble NYSE: PG on 4/27/2026.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 4/27/2026.
• Sold $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 4/27/2026.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/27/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/27/2026.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/27/2026.
• Sold $1,001 - $15,000 in shares of Kroger NYSE: KR on 3/24/2026.
• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 3/24/2026.
• Sold $1,001 - $15,000 in shares of Chevron NYSE: CVX on 3/12/2026.
• Purchased $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 3/12/2026.

Progressive Price Performance

Shares of NYSE:PGR opened at $193.85 on Friday. The Progressive Corporation has a fifty-two week low of $191.75 and a fifty-two week high of $289.96. The business has a 50-day moving average of $202.73 and a two-hundred day moving average of $211.43. The stock has a market capitalization of $113.27 billion, a P/E ratio of 9.86, a P/E/G ratio of 5.66 and a beta of 0.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.35.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The insurance provider reported $4.80 earnings per share for the quarter, topping analysts' consensus estimates of $4.67 by $0.13. Progressive had a return on equity of 33.47% and a net margin of 12.92%.The company had revenue of $22.19 billion during the quarter, compared to analysts' expectations of $23.51 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that The Progressive Corporation will post 16.39 EPS for the current fiscal year.

Progressive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive's payout ratio is currently 2.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bard Associates Inc. bought a new position in Progressive during the fourth quarter worth about $27,000. Dagco Inc. acquired a new stake in shares of Progressive during the fourth quarter worth approximately $28,000. Bogart Wealth LLC increased its holdings in shares of Progressive by 235.1% during the first quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider's stock worth $25,000 after buying an additional 87 shares in the last quarter. Ameriflex Group Inc. increased its holdings in shares of Progressive by 106.6% during the third quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider's stock worth $31,000 after buying an additional 65 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of Progressive during the fourth quarter worth approximately $29,000. Institutional investors own 85.34% of the company's stock.

Insider Activity

In related news, insider Maribel Pumarejo sold 739 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total value of $150,201.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CIO Jonathan S. Bauer sold 2,266 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $203.05, for a total transaction of $460,111.30. Following the completion of the transaction, the executive owned 26,250 shares in the company, valued at $5,330,062.50. This represents a 7.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 6,933 shares of company stock worth $1,441,564. Corporate insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PGR. Mizuho reduced their price target on Progressive from $235.00 to $223.00 and set a "neutral" rating for the company in a research report on Friday, March 20th. Bank of America lifted their price objective on Progressive from $295.00 to $298.00 and gave the stock a "buy" rating in a research note on Tuesday, April 14th. Citigroup dropped their price objective on Progressive from $300.60 to $261.00 and set a "buy" rating on the stock in a research note on Tuesday, February 3rd. Argus upgraded Progressive to a "hold" rating in a research note on Thursday, March 5th. Finally, Jefferies Financial Group dropped their price objective on Progressive from $216.00 to $215.00 and set a "hold" rating on the stock in a research note on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $238.39.

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

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.

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