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

Representative David Taylor (R-Ohio) recently bought shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on February 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on January 16th. 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 Microsoft (NASDAQ:MSFT) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/29/2026.
• Sold $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 1/29/2026.
• Sold $1,001 – $15,000 in shares of Vertex Pharmaceuticals (NASDAQ:VRTX) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Medpace (NASDAQ:MEDP) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/29/2026.
• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 1/29/2026.

Progressive Stock Performance

Shares of NYSE:PGR opened at $201.13 on Wednesday. The firm has a market cap of $117.94 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.32. The firm’s 50 day simple moving average is $218.64 and its 200-day simple moving average is $230.08. The Progressive Corporation has a one year low of $198.50 and a one year high of $292.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 0.38.

Progressive Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, January 2nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, January 2nd. Progressive’s dividend payout ratio is currently 2.08%.

Analyst Ratings Changes

A number of brokerages have weighed in on PGR. Bank of America decreased their target price on Progressive from $350.00 to $348.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Evercore ISI cut their price target on Progressive from $250.00 to $237.00 and set an “in-line” rating on the stock in a research note on Wednesday, January 7th. The Goldman Sachs Group set a $227.00 price objective on Progressive in a report on Wednesday, January 7th. Zacks Research cut shares of Progressive from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Finally, Raymond James Financial cut their target price on shares of Progressive from $305.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $253.62.

Insiders Place Their Bets

In other Progressive news, insider Steven Broz sold 1,344 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $224.80, for a total value of $302,131.20. Following the completion of the sale, the insider directly owned 26,354 shares in the company, valued at approximately $5,924,379.20. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CIO Jonathan S. Bauer sold 3,105 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $634,506.75. Following the sale, the executive owned 26,249 shares in the company, valued at $5,363,983.15. The trade was a 10.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 13,788 shares of company stock worth $3,018,961. 0.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Progressive

Large investors have recently added to or reduced their stakes in the company. EWA LLC grew its position in shares of Progressive by 28.8% in the 4th quarter. EWA LLC now owns 1,409 shares of the insurance provider’s stock worth $321,000 after buying an additional 315 shares during the last quarter. NewEdge Wealth LLC boosted its stake in Progressive by 12.7% in the fourth quarter. NewEdge Wealth LLC now owns 50,604 shares of the insurance provider’s stock valued at $11,524,000 after acquiring an additional 5,722 shares in the last quarter. Stiles Financial Services Inc boosted its stake in Progressive by 71.4% in the fourth quarter. Stiles Financial Services Inc now owns 4,719 shares of the insurance provider’s stock valued at $1,075,000 after acquiring an additional 1,966 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in Progressive by 27.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 484 shares of the insurance provider’s stock worth $110,000 after purchasing an additional 104 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its position in shares of Progressive by 1.0% during the fourth quarter. Manning & Napier Advisors LLC now owns 50,129 shares of the insurance provider’s stock worth $11,528,000 after purchasing an additional 500 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors.

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.

Progressive Company Profile

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.