Rep. Lisa C. McClain Sells The Progressive Corporation (NYSE:PGR) Stock

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 Stock Performance

Progressive stock opened at $247.02 on Monday. The business has a 50 day moving average of $253.14 and a 200-day moving average of $266.51. The Progressive Corporation has a 1 year low of $228.54 and a 1 year high of $292.99. 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 company has a market capitalization of $144.81 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.46 and a beta of 0.33.

Progressive (NYSE:PGR) last released its quarterly earnings data on Wednesday, July 16th. The insurance provider reported $4.88 earnings per share (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 was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.48 earnings per share. On average, equities research analysts predict that The Progressive Corporation will post 14.68 earnings per share for the current year.

Progressive Announces Dividend

The company also recently disclosed 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. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio is currently 2.25%.

Hedge Funds Weigh In On Progressive

A number of large investors have recently modified their holdings of the company. Integrated Advisors Network LLC lifted its stake in Progressive by 1.0% during the 1st quarter. Integrated Advisors Network LLC now owns 3,808 shares of the insurance provider’s stock valued at $1,078,000 after acquiring an additional 36 shares in the last quarter. Rise Advisors LLC lifted its stake in Progressive by 7.4% during the 1st quarter. Rise Advisors LLC now owns 521 shares of the insurance provider’s stock valued at $147,000 after acquiring an additional 36 shares in the last quarter. Pines Wealth Management LLC lifted its stake in Progressive by 3.0% during the 1st quarter. Pines Wealth Management LLC now owns 1,287 shares of the insurance provider’s stock valued at $335,000 after acquiring an additional 37 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in Progressive by 2.0% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,940 shares of the insurance provider’s stock valued at $549,000 after acquiring an additional 38 shares in the last quarter. Finally, Beacon Financial Group lifted its stake in Progressive by 1.1% during the 1st quarter. Beacon Financial Group now owns 3,659 shares of the insurance provider’s stock valued at $1,036,000 after acquiring an additional 39 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PGR. Jefferies Financial Group decreased their target price on shares of Progressive from $309.00 to $287.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Citigroup began coverage on shares of Progressive in a research report on Wednesday, August 13th. They set a “buy” rating and a $312.00 target price for the company. Keefe, Bruyette & Woods decreased their target price on shares of Progressive from $290.00 to $268.00 and set a “market perform” rating for the company in a research report on Thursday, July 17th. Wells Fargo & Company increased their target price on shares of Progressive from $328.00 to $333.00 and gave the company an “overweight” rating in a research report on Friday, June 20th. Finally, Evercore ISI downgraded shares of Progressive from an “outperform” rating to an “in-line” rating and set a $275.00 target price for the company. in a research report on Thursday, July 17th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Progressive currently has an average rating of “Hold” and an average price target of $284.88.

Insider Buying and Selling at Progressive

In other Progressive news, CFO John P. Sauerland sold 16,664 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $249.24, for a total transaction of $4,153,335.36. Following the transaction, the chief financial officer directly owned 228,024 shares in the company, valued at approximately $56,832,701.76. This trade represents a 6.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick K. Callahan sold 6,232 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $242.16, for a total value of $1,509,141.12. Following the transaction, the insider owned 27,844 shares in the company, valued at approximately $6,742,703.04. This trade represents a 18.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,313 shares of company stock worth $28,349,549. 0.33% of the stock is currently owned by insiders.

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.

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.