Rep. Julie Johnson Sells The Progressive Corporation (NYSE:PGR) Stock

Key Points

• Representative Julie Johnson sold shares of The Progressive Corporation (NYSE:PGR) valued between $1,001 and $15,000 on August 14th, which was disclosed on September 11th.
• The Progressive Corporation reported a quarterly earnings EPS of $4.88, exceeding estimates, with revenue of $20.08 billion, showcasing a 12.1% increase compared to the previous year.
• A dividend of $0.10 per share is set to be paid on October 10th, representing a 0.2% yield for investors of record as of October 2nd.

Representative Julie Johnson (D-Texas) recently sold shares of The Progressive Corporation NYSE: PGR. In a filing disclosed on September 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on August 14th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 8/14/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 8/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 8/14/2025.

Progressive Stock Performance

PGR traded down $0.51 on Friday, hitting $248.29. The company's stock had a trading volume of 2,612,107 shares, compared to its average volume of 2,408,336. The company's 50 day simple moving average is $246.44 and its 200-day simple moving average is $264.68. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.21. The Progressive Corporation has a 12 month low of $228.54 and a 12 month high of $292.99. The firm has a market cap of $145.55 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.44 and a beta of 0.32.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly 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. Progressive had a net margin of 12.66% and a return on equity of 35.37%. The firm had revenue of $20.08 billion during the quarter, compared to the consensus estimate of $20.39 billion. During the same period last year, the firm earned $2.48 EPS. The business's quarterly revenue was up 12.1% compared to the same quarter last year. Analysts forecast that The Progressive Corporation will post 14.68 EPS for the current year.

Progressive Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive's dividend payout ratio (DPR) is 2.25%.

Institutional Investors Weigh In On Progressive

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 493,332 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 301,371 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of 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 purchasing an additional 2,709,417 shares in the last quarter. GQG Partners LLC boosted its stake in shares of 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 purchasing an additional 3,174,632 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Progressive during the 2nd quarter valued at about $2,156,939,000. Institutional investors own 85.34% of the company's stock.

Insider Activity

In other news, insider Patrick K. Callahan sold 6,232 shares of Progressive stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $249.96, for a total transaction of $1,557,750.72. Following the sale, the insider owned 21,612 shares of the company's stock, valued at approximately $5,402,135.52. The trade was a 22.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Jo Murphy sold 2,218 shares of Progressive stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $250.78, for a total transaction of $556,230.04. Following the sale, the insider directly owned 45,724 shares in the company, valued at $11,466,664.72. The trade was a 4.63% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,010 shares of company stock worth $34,547,699. 0.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PGR has been the subject of several analyst reports. UBS Group cut their price target on shares of Progressive from $280.00 to $268.00 and set a "neutral" rating for the company in a report on Monday, July 21st. Bank of America raised their price target on shares of Progressive from $344.00 to $347.00 and gave the company a "buy" rating in a report on Wednesday. BMO Capital Markets lowered their price objective on shares of Progressive from $281.00 to $279.00 and set an "outperform" rating on the stock in a research report on Thursday, August 21st. Keefe, Bruyette & Woods lowered their price objective on shares of Progressive from $290.00 to $268.00 and set a "market perform" rating on the stock in a research report on Thursday, July 17th. Finally, Barclays lowered their price objective on shares of Progressive from $287.00 to $281.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 19th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Progressive presently has a consensus rating of "Moderate Buy" and a consensus target price of $284.82.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

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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