Progressive (NYSE:PGR) Stock Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of The Progressive Co. (NYSE:PGR). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on April 9th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 4/23/2025.
• Purchased $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Hillman Solutions (NASDAQ:HLMN) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/17/2025.

Progressive Stock Up 0.9%

Shares of NYSE PGR opened at $280.60 on Friday. The Progressive Co. has a 1 year low of $201.34 and a 1 year high of $292.99. The firm’s 50-day moving average is $275.18 and its 200-day moving average is $261.25. The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $164.49 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.70 and a beta of 0.40.

Progressive (NYSE:PGR) last released its earnings results on Wednesday, April 16th. The insurance provider reported $4.65 EPS for the quarter, topping analysts’ consensus estimates of $4.28 by $0.37. The firm had revenue of $22.21 billion during the quarter, compared to analyst estimates of $21.87 billion. Progressive had a net margin of 11.25% and a return on equity of 33.79%. Equities analysts expect that The Progressive Co. will post 14.68 EPS for the current year.

Progressive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.14%. Progressive’s dividend payout ratio is currently 2.70%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its position in shares of Progressive by 2,262.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 433,999 shares of the insurance provider’s stock valued at $103,990,000 after acquiring an additional 415,628 shares during the last quarter. Signal Advisors Wealth LLC grew its stake in Progressive by 42.3% in the fourth quarter. Signal Advisors Wealth LLC now owns 11,889 shares of the insurance provider’s stock valued at $2,849,000 after purchasing an additional 3,534 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Progressive by 40.4% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 238,250 shares of the insurance provider’s stock worth $57,132,000 after purchasing an additional 68,589 shares during the last quarter. Synergy Asset Management LLC raised its stake in shares of Progressive by 100.3% during the 4th quarter. Synergy Asset Management LLC now owns 3,541 shares of the insurance provider’s stock worth $875,000 after purchasing an additional 1,773 shares in the last quarter. Finally, Archer Investment Corp grew its stake in shares of Progressive by 295.1% in the fourth quarter. Archer Investment Corp now owns 2,102 shares of the insurance provider’s stock valued at $504,000 after buying an additional 1,570 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PGR. Bank of America upgraded Progressive from a “neutral” rating to a “buy” rating and set a $312.00 target price on the stock in a report on Monday, April 28th. Morgan Stanley lifted their price objective on shares of Progressive from $310.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 29th. Barclays increased their target price on shares of Progressive from $285.00 to $297.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $288.00 price target on shares of Progressive in a report on Thursday, April 17th. Finally, Roth Mkm raised their price objective on Progressive from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Progressive presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.65.

Insider Activity at Progressive

In other Progressive news, CAO Carl G. Joyce sold 360 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $276.17, for a total value of $99,421.20. Following the transaction, the chief accounting officer now directly owns 655 shares in the company, valued at $180,891.35. The trade was a 35.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John P. Sauerland sold 1,542 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $282.66, for a total transaction of $435,861.72. Following the completion of the transaction, the chief financial officer now directly owns 268,024 shares in the company, valued at $75,759,663.84. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,894 shares of company stock valued at $11,020,097. 0.34% of the stock is owned by corporate insiders.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.