Rep. Val T. Hoyle Sells The Progressive Corporation (NYSE:PGR) Stock

Key Points

• Rep. Val T. Hoyle sold shares of The Progressive Corporation (NYSE:PGR) between $1,001 and $15,000 in a transaction completed on September 23rd.
• The Progressive Corporation's recent quarterly earnings showed $4.88 earnings per share, exceeding estimates but falling short on revenue expectations.
• Progressive declared a quarterly dividend of $0.10 per share, resulting in an annualized dividend yield of 0.2%.

Representative Val T. Hoyle (D-Oregon) recently sold shares of The Progressive Corporation NYSE: PGR. In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on September 23rd. The trade occurred in the Representative's "FIDELITY ROLLOVER IRA" account.

Representative Val T. Hoyle also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Transdigm Group NYSE: TDG on 9/23/2025.
• Sold $1,001 - $15,000 in shares of H&R Block NYSE: HRB on 9/23/2025.
• Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Cisco Systems NASDAQ: CSCO on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Pentair NYSE: PNR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Heico NYSE: HEI.A on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 9/23/2025.

Progressive Price Performance

Shares of PGR opened at $240.18 on Friday. The company has a market capitalization of $140.80 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.35 and a beta of 0.32. 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 firm has a 50 day moving average of $245.20 and a 200 day moving average of $259.74. The Progressive Corporation has a twelve month low of $228.54 and a twelve month high of $292.99.

Progressive (NYSE:PGR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The insurance provider reported $4.88 earnings per share 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 net margin of 12.66% and a return on equity of 35.37%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 earnings per share. As a group, equities research analysts anticipate that The Progressive Corporation will post 14.68 earnings per share for the current fiscal year.

Progressive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, October 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive's dividend payout ratio (DPR) is 2.25%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Highline Wealth Partners LLC lifted its stake in shares of Progressive by 114.0% during the 1st 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 in the last quarter. TruNorth Capital Management LLC grew its position in shares of 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 purchasing an additional 63 shares in the last quarter. HWG Holdings LP bought a new stake in shares of Progressive in the first quarter worth about $28,000. Garde Capital Inc. purchased a new stake in shares of Progressive in the first quarter worth about $33,000. Finally, Atlantic Union Bankshares Corp bought a new position in Progressive during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 85.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Progressive from $267.00 to $265.00 and set an "equal weight" rating for the company in a research report on Monday, September 22nd. UBS Group reduced their price target on shares of Progressive from $268.00 to $261.00 and set a "neutral" rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods raised their price target on shares of Progressive from $268.00 to $270.00 and gave the company a "market perform" rating in a research report on Thursday, September 18th. Wall Street Zen lowered shares of Progressive from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Finally, Cantor Fitzgerald upgraded shares of Progressive to a "hold" rating in a research note on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Progressive currently has a consensus rating of "Hold" and an average price target of $279.63.

Insider Activity at Progressive

In related news, insider Patrick K. Callahan sold 6,420 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 15,192 shares of the company's stock, valued at approximately $3,679,806.24. This represents a 29.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen Bailo sold 8,922 shares of the 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 $2,223,719.28. Following the transaction, the insider directly owned 32,346 shares of the company's stock, valued at approximately $8,061,917.04. The trade was a 21.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 130,045 shares of company stock valued at $31,997,390 in the last 90 days. 0.34% of the stock is currently owned by insiders.

About Representative Hoyle

Val Hoyle (Democratic Party) is a member of the U.S. House, representing Oregon's 4th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Hoyle (Democratic Party) is running for re-election to the U.S. House to represent Oregon's 4th Congressional District. She declared candidacy for the 2026 election. Val Hoyle was born in California and lives in Springfield, Oregon. Hoyle graduated from Merrimack High School. She earned a B.A. in political science from Emmanuel College in 1992. Her career experience includes working as a director at United Way of Lane County, a policy fellow at Wayne Morse Center for Law and Politics, and a commissioner at the Oregon Bureau of Labor and Industries. Hoyle has also worked in domestic and international sales, as well as manufacturing distribution.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.