Progressive (NYSE:PGR) Stock Acquired Rep. David Taylor

Representative David Taylor (Republican-Ohio) recently bought shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on February 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on February 10th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)” account.

Representative David Taylor also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 2/9/2026.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/9/2026.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 2/9/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/9/2026.
• Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 2/9/2026.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/9/2026.
• Purchased $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 2/9/2026.
• 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.

Progressive Price Performance

Shares of PGR opened at $203.52 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 0.38. The Progressive Corporation has a 52-week low of $197.92 and a 52-week high of $292.99. The business’s 50 day moving average price is $212.01 and its two-hundred day moving average price is $226.15. The firm has a market cap of $119.34 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 8.92 and a beta of 0.33.

Progressive Dividend Announcement

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

Institutional Investors Weigh In On Progressive

Several institutional investors and hedge funds have recently modified their holdings of the stock. Davis Capital Management purchased a new position in shares of Progressive in the 3rd quarter worth $25,000. Bard Associates Inc. bought a new position in shares of Progressive in the fourth quarter worth about $27,000. Dagco Inc. bought a new stake in Progressive during the 4th quarter worth approximately $28,000. Atlantic Union Bankshares Corp bought a new stake in shares of Progressive during the 2nd quarter valued at $33,000. Finally, Howard Hughes Medical Institute purchased a new position in shares of Progressive in the second quarter valued at about $34,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PGR has been the topic of several recent research reports. Bank of America dropped their price target on shares of Progressive from $350.00 to $348.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Barclays upgraded shares of Progressive from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $257.00 to $265.00 in a research report on Thursday, January 8th. Keefe, Bruyette & Woods raised their target price on Progressive from $225.00 to $232.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. The Goldman Sachs Group reissued a “buy” rating and issued a $225.00 price target on shares of Progressive in a research report on Monday. Finally, Morgan Stanley dropped their price objective on Progressive from $214.00 to $205.00 and set an “underweight” rating on the stock in a report on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Progressive has a consensus rating of “Hold” and a consensus price target of $244.71.

Insider Activity at Progressive

In related news, insider Steven Broz sold 1,344 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $224.80, for a total value of $302,131.20. Following the sale, the insider directly owned 26,354 shares of the company’s stock, valued at $5,924,379.20. This represents a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CIO Jonathan S. Bauer sold 3,105 shares of Progressive stock in a transaction on 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 of the company’s stock, valued at approximately $5,363,983.15. This trade represents a 10.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,098 shares of company stock worth $2,416,011 in the last three months. Insiders own 0.33% of the company’s stock.

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.

About Progressive

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.