Rep. Julie Johnson Sells The Progressive Corporation (NYSE:PGR) Stock

Representative Julie Johnson (D-Texas) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on December 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on November 13th. The trade occurred in the Representative’s “CHASE BROKERAGE ACCOUNT (3935)” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 11/13/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 11/13/2025.
• Sold $1,001 – $15,000 in shares of Cigna Group (NYSE:CI) on 11/13/2025.
• Sold $1,001 – $15,000 in shares of Xcel Energy (NASDAQ:XEL) on 11/13/2025.
• Sold $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 11/13/2025.
• Sold $1,001 – $15,000 in shares of Walmart (NASDAQ:WMT) on 11/13/2025.
• Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 11/13/2025.
• Sold $1,001 – $15,000 in shares of Wells Fargo & Company (NYSE:WFC) on 11/13/2025.
• Sold $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 11/13/2025.
• Sold $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 11/13/2025.

Progressive Stock Performance

Shares of PGR opened at $224.87 on Friday. The Progressive Corporation has a 52 week low of $199.90 and a 52 week high of $292.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $131.86 billion, a PE ratio of 12.34, a PEG ratio of 1.01 and a beta of 0.36. The company’s 50 day moving average price is $223.08 and its 200 day moving average price is $241.60.

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

Progressive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Friday, January 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, January 2nd. Progressive’s dividend payout ratio (DPR) is currently 2.19%.

Insiders Place Their Bets

In other Progressive news, insider Steven Broz sold 1,345 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $228.29, for a total value of $307,050.05. Following the completion of the sale, the insider owned 27,698 shares in the company, valued at approximately $6,323,176.42. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John P. Sauerland sold 5,000 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $228.48, for a total transaction of $1,142,400.00. Following the completion of the transaction, the chief financial officer directly owned 223,024 shares of the company’s stock, valued at approximately $50,956,523.52. This represents a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 7,690 shares of company stock valued at $1,745,350. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PGR has been the topic of a number of recent research reports. Wells Fargo & Company restated a “positive” rating on shares of Progressive in a research note on Friday. Jefferies Financial Group restated a “hold” rating on shares of Progressive in a report on Wednesday. The Goldman Sachs Group reduced their target price on shares of Progressive from $276.00 to $245.00 and set a “buy” rating for the company in a research note on Monday, October 27th. Zacks Research lowered shares of Progressive from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Wolfe Research started coverage on shares of Progressive in a report on Monday, September 15th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Progressive currently has a consensus rating of “Hold” and a consensus price target of $264.98.

Institutional Trading of Progressive

Several institutional investors have recently modified their holdings of the company. Davis Capital Management acquired a new stake in Progressive during the third quarter worth $25,000. Ameriflex Group Inc. boosted its position in shares of Progressive by 106.6% during the 3rd quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Progressive in the second quarter valued at about $33,000. Westside Investment Management Inc. raised its position in Progressive by 900.0% in the second quarter. Westside Investment Management Inc. now owns 130 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 117 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new position in Progressive during the second quarter worth about $34,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.