Progressive (NYSE:PGR) Shares Unloaded Sen. Sheldon Whitehouse

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 Price Performance

Progressive stock opened at $209.34 on Wednesday. The firm has a market cap of $122.72 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.19 and a beta of 0.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.32 and a quick ratio of 0.31. The stock’s fifty day moving average price is $235.57 and its two-hundred day moving average price is $253.03. The Progressive Corporation has a one year low of $199.90 and a one year high of $292.99.

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

Progressive Announces Dividend

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

Institutional Trading of Progressive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PGR. Vanguard Group Inc. increased its position in shares of Progressive by 0.9% during the second quarter. Vanguard Group Inc. now owns 54,516,288 shares of the insurance provider’s stock worth $14,548,217,000 after buying an additional 493,332 shares during the period. Geode Capital Management LLC boosted its position in Progressive by 2.0% during the second quarter. Geode Capital Management LLC now owns 15,513,188 shares of the insurance provider’s stock valued at $4,128,055,000 after acquiring an additional 301,371 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Progressive by 32.8% during the 2nd quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock worth $2,928,141,000 after acquiring an additional 2,709,417 shares during the period. GQG Partners LLC raised its position in shares of 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 acquiring an additional 3,174,632 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Progressive in the 2nd quarter valued at about $2,156,939,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

Wall Street Analysts Forecast Growth

PGR has been the subject of a number of recent research reports. Citigroup lowered their target price on Progressive from $312.00 to $301.38 and set a “buy” rating for the company in a report on Thursday, October 16th. UBS Group reduced their price target on Progressive from $268.00 to $261.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Progressive in a research note on Friday, October 31st. Wells Fargo & Company dropped their price objective on shares of Progressive from $266.00 to $246.00 and set an “equal weight” rating for the company in a report on Thursday, October 16th. Finally, Zacks Research lowered shares of Progressive from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $268.90.

Insider Buying and Selling at Progressive

In other news, insider Steven Broz sold 1,345 shares of Progressive stock in a transaction on Friday, September 19th. The shares were sold at an average price of $242.10, for a total value of $325,624.50. Following the completion of the sale, the insider owned 30,388 shares in the company, valued at $7,356,934.80. The trade was a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Jo Murphy sold 2,218 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 transaction of $536,977.80. Following the transaction, the insider directly owned 43,506 shares in the company, valued at approximately $10,532,802.60. This represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,500 shares of company stock valued at $14,430,089 over the last ninety days. Insiders own 0.34% of the company’s stock.

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.