Rep. Julie Johnson Sells Off Shares of The Progressive Corporation (NYSE:PGR)

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 Down 0.7%

Shares of PGR opened at $241.93 on Friday. The firm has a market capitalization of $141.82 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.40 and a beta of 0.32. The Progressive Corporation has a 12-month low of $228.54 and a 12-month high of $292.99. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $245.88 and a 200-day moving average price of $263.75.

Progressive (NYSE:PGR) last posted its quarterly earnings results on Wednesday, July 16th. The insurance provider reported $4.88 EPS for the quarter, topping 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 company had revenue of $20.08 billion for the quarter, compared to the consensus estimate of $20.39 billion. During the same quarter last year, the firm posted $2.48 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Equities research analysts expect that The Progressive Corporation will post 14.68 earnings per share for the current year.

Progressive Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Lori A. Niederst sold 8,063 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.18, for a total transaction of $2,017,201.34. Following the sale, the insider directly owned 39,040 shares of the company’s stock, valued at $9,767,027.20. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karen Bailo sold 8,922 shares of Progressive 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 owned 32,346 shares of the company’s stock, valued at approximately $8,061,917.04. This represents a 21.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,062 shares of company stock worth $32,217,635. 0.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PGR. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $265.00 price target (down previously from $327.00) on shares of Progressive in a research note on Thursday. Jefferies Financial Group reduced their price objective on Progressive from $309.00 to $287.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Barclays decreased their target price on Progressive from $287.00 to $281.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 19th. Evercore ISI downgraded Progressive from an “outperform” rating to an “in-line” rating and set a $275.00 price target on the stock. in a research report on Thursday, July 17th. Finally, Keefe, Bruyette & Woods raised their price target on Progressive from $268.00 to $270.00 and gave the company a “market perform” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $279.44.

Institutional Trading of Progressive

Institutional investors and hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC boosted its holdings in shares of Progressive by 7.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,207 shares of the insurance provider’s stock valued at $1,123,000 after acquiring an additional 285 shares during the last quarter. SevenBridge Financial Group LLC lifted its position in Progressive by 50.7% during the second quarter. SevenBridge Financial Group LLC now owns 8,780 shares of the insurance provider’s stock valued at $2,134,000 after purchasing an additional 2,954 shares during the period. Osaic Holdings Inc. boosted its holdings in Progressive by 18.9% in the second quarter. Osaic Holdings Inc. now owns 68,648 shares of the insurance provider’s stock valued at $18,443,000 after purchasing an additional 10,903 shares during the last quarter. American Trust grew its position in Progressive by 88.5% during the 2nd quarter. American Trust now owns 4,384 shares of the insurance provider’s stock worth $1,170,000 after purchasing an additional 2,058 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Progressive by 18.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 111,613 shares of the insurance provider’s stock valued at $29,782,000 after buying an additional 17,423 shares during the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

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.