Representative Julie Johnson (D-Texas) recently bought shares of The Progressive Co. NYSE: PGR. In a filing disclosed on March 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on February 24th. 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 Norfolk Southern NYSE: NSC on 2/25/2025.
- Purchased $1,001 - $15,000 in shares of Union Pacific NYSE: UNP on 2/25/2025.
- Purchased $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 2/24/2025.
- Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 2/24/2025.
- Sold $1,001 - $15,000 in shares of The PNC Financial Services Group NYSE: PNC on 2/24/2025.
- Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 2/24/2025.
- Purchased $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 2/24/2025.
- Purchased $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 2/14/2025.
- Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 2/14/2025.
- Purchased $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 2/14/2025.
Progressive Trading Up 1.6 %
Shares of NYSE:PGR traded up $4.47 during mid-day trading on Friday, hitting $283.87. The company had a trading volume of 2,223,359 shares, compared to its average volume of 2,402,692. The company has a market capitalization of $166.41 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.70 and a beta of 0.35. The firm has a fifty day moving average price of $257.30 and a 200 day moving average price of $253.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.31 and a quick ratio of 0.30. The Progressive Co. has a one year low of $199.57 and a one year high of $287.49.
Progressive (NYSE:PGR - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The insurance provider reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.64. Progressive had a net margin of 11.25% and a return on equity of 33.79%. As a group, research analysts forecast that The Progressive Co. will post 14.68 EPS for the current year.
Progressive Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.14%. Progressive's dividend payout ratio (DPR) is currently 2.78%.
Institutional Trading of Progressive
A number of hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in shares of Progressive by 98.2% in the 4th quarter. Versant Capital Management Inc now owns 789 shares of the insurance provider's stock worth $189,000 after acquiring an additional 391 shares during the last quarter. Townsquare Capital LLC raised its position in Progressive by 90.9% in the 3rd quarter. Townsquare Capital LLC now owns 7,813 shares of the insurance provider's stock worth $1,983,000 after purchasing an additional 3,720 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Progressive by 7.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,067,924 shares of the insurance provider's stock worth $1,286,036,000 after purchasing an additional 330,667 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Progressive by 2,262.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 433,999 shares of the insurance provider's stock valued at $103,990,000 after buying an additional 415,628 shares during the period. Finally, Signal Advisors Wealth LLC grew its stake in shares of Progressive by 42.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 11,889 shares of the insurance provider's stock valued at $2,849,000 after buying an additional 3,534 shares during the last quarter. Institutional investors own 85.34% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Progressive from $251.00 to $256.00 and gave the company an "overweight" rating in a research note on Friday, January 3rd. Barclays increased their price target on Progressive from $264.00 to $285.00 and gave the company an "equal weight" rating in a research report on Thursday. Raymond James upgraded shares of Progressive from a "market perform" rating to an "outperform" rating and set a $305.00 target price for the company in a research note on Thursday, December 26th. HSBC cut Progressive from a "buy" rating to a "hold" rating and set a $267.00 price objective on the stock. in a research report on Tuesday, December 10th. Finally, Roth Mkm lifted their target price on Progressive from $290.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $281.76.
Read Our Latest Stock Analysis on Progressive
Insider Transactions at Progressive
In related news, CFO John P. Sauerland sold 10,000 shares of Progressive stock in a transaction on Monday, December 30th. The shares were sold at an average price of $238.66, for a total value of $2,386,600.00. Following the transaction, the chief financial officer now directly owns 282,958 shares of the company's stock, valued at $67,530,756.28. The trade was a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew J. Quigg sold 681 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $242.10, for a total transaction of $164,870.10. Following the sale, the insider now owns 33,612 shares of the company's stock, valued at $8,137,465.20. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,257 shares of company stock worth $15,752,781. Company insiders own 0.34% 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
(
Get Free Report)
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.
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