Rep. Gilbert Ray Cisneros, Jr. Buys The Progressive Corporation (NYSE:PGR) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on January 9th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.

Progressive Price Performance

Shares of NYSE PGR opened at $204.07 on Friday. The company has a market capitalization of $119.67 billion, a PE ratio of 10.61, a P/E/G ratio of 8.92 and a beta of 0.32. The company has a quick ratio of 0.29, a current ratio of 0.38 and a debt-to-equity ratio of 0.23. The Progressive Corporation has a twelve month low of $197.92 and a twelve month high of $292.99. The firm has a fifty day simple moving average of $212.67 and a 200 day simple moving average of $226.59.

Progressive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were given a dividend of $0.10 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio is 2.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PGR. Bank of America lowered their price objective 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 set a $230.00 price target on Progressive in a research note on Thursday. Zacks Research cut Progressive from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Jefferies Financial Group set a $216.00 price objective on shares of Progressive in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company dropped their target price on shares of Progressive from $220.00 to $214.00 and set an “equal weight” rating on the stock in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $245.29.

Insider Buying and Selling

In other news, insider Andrew J. Quigg sold 1,649 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total value of $336,973.15. Following the completion of the sale, the insider directly owned 39,626 shares of the company’s stock, valued at $8,097,573.10. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven Broz sold 1,344 shares of Progressive stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $224.80, for a total value of $302,131.20. Following the transaction, the insider directly owned 26,354 shares in the company, valued at approximately $5,924,379.20. The trade was a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 11,098 shares of company stock valued at $2,416,011. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Progressive

Several hedge funds have recently bought and sold shares of PGR. Davis Capital Management bought a new position in shares of Progressive in the third quarter valued at $25,000. Bard Associates Inc. bought a new stake in shares of Progressive during the fourth quarter worth about $27,000. Dagco Inc. bought a new stake in shares of Progressive during the fourth quarter worth about $28,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Progressive in the 4th quarter worth about $29,000. Finally, Ameriflex Group Inc. lifted its position in Progressive by 106.6% in the 3rd quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.