Sen. Sheldon Whitehouse Sells The Progressive Corporation (NYSE:PGR) Shares

Senator Sheldon Whitehouse (D-Rhode Island) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on November 03rd, the Senator disclosed that they had sold between $15,001 and $50,000 in Progressive stock on October 27th.

Senator Sheldon Whitehouse also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 10/20/2025.
• Sold $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Verizon Communications (NYSE:VZ) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Kenvue (NYSE:KVUE) on 8/28/2025.
• Sold $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 8/28/2025.

Progressive Stock Down 0.2%

Progressive stock opened at $209.14 on Thursday. The firm has a market cap of $122.60 billion, a PE ratio of 11.47, a P/E/G ratio of 1.19 and a beta of 0.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.31 and a current ratio of 0.32. The firm’s 50 day moving average price is $234.86 and its two-hundred day moving average price is $252.72. The Progressive Corporation has a twelve month low of $199.90 and a twelve month high of $292.99.

Progressive (NYSE:PGR) last released its quarterly earnings data on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share for the quarter, missing the consensus estimate of $5.04 by ($0.59). The company had revenue of $21.38 billion during the quarter, compared to analyst estimates of $21.64 billion. Progressive had a net margin of 12.57% and a return on equity of 33.88%. During the same quarter in the prior year, the company posted $3.58 EPS. On average, research analysts predict that The Progressive Corporation will post 14.68 EPS for the current fiscal year.

Progressive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, October 2nd were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, October 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s payout ratio is currently 2.19%.

Insider Transactions at Progressive

In other news, CEO Susan Patricia Griffith sold 30,659 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $246.06, for a total value of $7,543,953.54. Following the sale, the chief executive officer directly owned 476,286 shares of the company’s stock, valued at approximately $117,194,933.16. This represents a 6.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven Broz sold 1,345 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $242.10, for a total value of $325,624.50. Following the completion of the sale, the insider directly owned 30,388 shares in the company, valued at approximately $7,356,934.80. This represents a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 58,500 shares of company stock valued at $14,430,089. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Progressive

Several large investors have recently bought and sold shares of the stock. New York Life Investment Management LLC grew its stake in Progressive by 1.4% in the second quarter. New York Life Investment Management LLC now owns 87,760 shares of the insurance provider’s stock worth $23,420,000 after purchasing an additional 1,192 shares during the period. Baron Silver Stevens Financial Advisors LLC purchased a new stake in shares of Progressive in the second quarter worth $306,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Progressive in the second quarter worth $13,583,000. Wakefield Asset Management LLLP grew its stake in shares of Progressive by 199.0% in the second quarter. Wakefield Asset Management LLLP now owns 9,411 shares of the insurance provider’s stock worth $2,511,000 after acquiring an additional 6,263 shares during the last quarter. Finally, Whalen Wealth Management Inc. purchased a new stake in shares of Progressive in the second quarter worth $647,000. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PGR. Keefe, Bruyette & Woods dropped their price objective on shares of Progressive from $262.00 to $246.00 and set a “market perform” rating on the stock in a research note on Wednesday. Evercore ISI decreased their target price on shares of Progressive from $275.00 to $273.00 and set an “in-line” rating for the company in a research report on Wednesday, October 1st. Morgan Stanley set a $214.00 target price on shares of Progressive and gave the stock an “underweight” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. boosted their target price on shares of Progressive from $301.00 to $303.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Finally, Bank of America boosted their target price on shares of Progressive from $350.00 to $351.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Eight research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Progressive presently has an average rating of “Hold” and an average target price of $267.96.

About Senator Whitehouse

Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2031.

Whitehouse (Democratic Party) ran for re-election to the U.S. Senate to represent Rhode Island. He won in the general election on November 5, 2024.

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.