Progressive (NYSE:PGR) Stock Sold Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on July 17th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

Progressive Price Performance

Shares of NYSE PGR traded down $3.05 during mid-day trading on Tuesday, reaching $215.90. The company had a trading volume of 334,228 shares, compared to its average volume of 3,105,699. The firm has a market cap of $125.52 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 2.92 and a beta of 0.27. The business’s 50-day simple moving average is $217.55 and its 200 day simple moving average is $207.89. The Progressive Corporation has a one year low of $189.20 and a one year high of $249.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.29 and a current ratio of 0.29.

Progressive (NYSE:PGR) last posted its quarterly earnings data on Wednesday, July 15th. The insurance provider reported $5.67 earnings per share for the quarter, topping the consensus estimate of $4.64 by $1.03. Progressive had a net margin of 12.84% and a return on equity of 32.92%. The business had revenue of $23.61 billion during the quarter, compared to analysts’ expectations of $19.49 billion. During the same quarter in the prior year, the business posted $5.40 earnings per share. Progressive’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts predict that The Progressive Corporation will post 17.74 earnings per share for the current fiscal year.

Progressive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive’s dividend payout ratio (DPR) is presently 2.01%.

Insider Activity at Progressive

In related news, insider John Murphy sold 8,124 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $212.70, for a total transaction of $1,727,974.80. Following the completion of the transaction, the insider directly owned 41,291 shares of the company’s stock, valued at $8,782,595.70. This trade represents a 16.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeffrey D. Kelly sold 7,000 shares of Progressive stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $216.33, for a total value of $1,514,310.00. Following the transaction, the director directly owned 22,546 shares in the company, valued at $4,877,376.18. The trade was a 23.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 113,714 shares of company stock valued at $24,466,294 in the last quarter. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America decreased their price target on Progressive from $313.00 to $308.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. William Blair restated a “market perform” rating on shares of Progressive in a research report on Wednesday, July 15th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Progressive in a research note on Wednesday, August 19th. UBS Group lifted their target price on Progressive from $225.00 to $234.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings raised shares of Progressive from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 28th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $236.26.

Hedge Funds Weigh In On Progressive

Institutional investors and hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Progressive in the second quarter valued at approximately $26,000. Bard Associates Inc. bought a new stake in Progressive during the 4th quarter worth approximately $27,000. IMG Wealth Management Inc. bought a new stake in Progressive during the 2nd quarter worth approximately $26,000. Bogart Wealth LLC increased its position in Progressive by 235.1% in the 1st quarter. Bogart Wealth LLC now owns 124 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares during the period. Finally, Kilter Group LLC bought a new position in shares of Progressive during the second quarter valued at $27,000. Institutional investors and hedge funds own 85.34% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Progressive Company Profile

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network.