Rep. Byron Donalds Sells Off Shares of The Progressive Corporation (NYSE:PGR)

Representative Byron Donalds (R-Florida) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on October 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on September 4th. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Tradeweb Markets (NASDAQ:TW) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Molina Healthcare (NYSE:MOH) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 9/4/2025.
• Purchased $1,001 – $15,000 in shares of IDEXX Laboratories (NASDAQ:IDXX) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Trade Desk (NASDAQ:TTD) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 8/7/2025.
• Sold $1,001 – $15,000 in shares of Deckers Outdoor (NYSE:DECK) on 8/7/2025.

Progressive Stock Performance

Shares of Progressive stock opened at $241.90 on Friday. The firm has a fifty day moving average of $245.21 and a two-hundred day moving average of $259.98. The stock has a market capitalization of $141.80 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 1.35 and a beta of 0.32. The Progressive Corporation has a 52 week low of $228.54 and a 52 week high of $292.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.31 and a current ratio of 0.31.

Progressive (NYSE:PGR) last issued its earnings results on Wednesday, July 16th. The insurance provider reported $4.88 EPS for the quarter, beating the consensus estimate of $4.43 by $0.45. The company had revenue of $20.08 billion during the quarter, compared to analysts’ expectations of $20.39 billion. Progressive had a net margin of 12.66% and a return on equity of 35.37%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.48 EPS. As a group, equities research analysts predict that The Progressive Corporation will post 14.68 EPS for the current year.

Progressive Dividend Announcement

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

Insider Transactions at Progressive

In other Progressive news, CFO John P. Sauerland sold 16,664 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $249.24, for a total transaction of $4,153,335.36. Following the sale, the chief financial officer directly owned 228,024 shares of the company’s stock, valued at $56,832,701.76. The trade was a 6.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Patrick K. Callahan sold 6,420 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $242.22, for a total transaction of $1,555,052.40. Following the sale, the insider directly owned 15,192 shares in the company, valued at $3,679,806.24. This trade represents a 29.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,045 shares of company stock worth $31,997,390. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Progressive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PGR. Norges Bank acquired a new position in Progressive in the 2nd quarter worth $2,156,939,000. Nuveen LLC acquired a new position in Progressive in the 1st quarter worth $1,473,180,000. GQG Partners LLC boosted its stake in Progressive by 61.4% in the 1st quarter. GQG Partners LLC now owns 8,346,133 shares of the insurance provider’s stock worth $2,362,039,000 after purchasing an additional 3,174,632 shares during the period. Alliancebernstein L.P. boosted its stake in Progressive by 32.8% in the 2nd quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock worth $2,928,141,000 after purchasing an additional 2,709,417 shares during the period. Finally, C WorldWide Group Holding A S boosted its stake in Progressive by 12,110.3% in the 1st quarter. C WorldWide Group Holding A S now owns 1,248,628 shares of the insurance provider’s stock worth $353,374,000 after purchasing an additional 1,238,402 shares during the period. 85.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PGR has been the subject of several recent research reports. Morgan Stanley dropped their target price on shares of Progressive from $267.00 to $265.00 and set an “equal weight” rating for the company in a research report on Monday, September 22nd. Wall Street Zen lowered shares of Progressive from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Jefferies Financial Group decreased their price target on shares of Progressive from $309.00 to $287.00 and set a “buy” rating for the company in a report on Monday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Progressive from $301.00 to $303.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Citigroup reissued a “buy” rating on shares of Progressive in a report on Friday, August 29th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $279.63.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

Progressive Company Profile

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.