Rep. David Taylor Purchases Shares of The Progressive Corporation (NYSE:PGR)

Representative David Taylor (Republican-Ohio) recently bought shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on May 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on April 27th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 4/27/2026.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 4/27/2026.
• Sold $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 4/27/2026.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/27/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/27/2026.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 4/27/2026.
• Sold $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 3/24/2026.
• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 3/24/2026.
• Sold $1,001 – $15,000 in shares of Chevron (NYSE:CVX) on 3/12/2026.
• Purchased $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 3/12/2026.

Progressive Trading Down 1.0%

NYSE PGR opened at $193.85 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.35 and a current ratio of 0.27. The company has a market capitalization of $113.27 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 5.66 and a beta of 0.31. The company’s 50-day simple moving average is $202.73 and its two-hundred day simple moving average is $211.43. The Progressive Corporation has a one year low of $191.75 and a one year high of $289.96.

Progressive (NYSE:PGR) last posted its earnings results on Wednesday, April 15th. The insurance provider reported $4.80 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.13. Progressive had a net margin of 12.92% and a return on equity of 33.47%. The business had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $23.51 billion. During the same quarter last year, the firm posted $4.37 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts forecast that The Progressive Corporation will post 16.39 EPS for the current fiscal year.

Progressive Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio (DPR) is 2.03%.

Insider Activity at Progressive

In other Progressive news, CIO Jonathan S. Bauer sold 2,266 shares of Progressive stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $203.05, for a total transaction of $460,111.30. Following the completion of the sale, the executive directly owned 26,250 shares in the company, valued at approximately $5,330,062.50. The trade was a 7.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Maribel Pumarejo sold 739 shares of Progressive stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $203.25, for a total transaction of $150,201.75. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,933 shares of company stock valued at $1,441,564 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Institutional Trading of Progressive

A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in Progressive by 3.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 317,853 shares of the insurance provider’s stock worth $63,011,000 after purchasing an additional 9,470 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in Progressive in the 1st quarter worth approximately $462,000. Summit Asset Management LLC boosted its stake in Progressive by 1.6% in the 1st quarter. Summit Asset Management LLC now owns 5,947 shares of the insurance provider’s stock worth $1,179,000 after purchasing an additional 94 shares in the last quarter. Bulldog Investors LLP boosted its stake in Progressive by 37.5% in the 1st quarter. Bulldog Investors LLP now owns 11,000 shares of the insurance provider’s stock worth $2,181,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Glenview Trust Co boosted its stake in Progressive by 4.1% in the 1st quarter. Glenview Trust Co now owns 19,291 shares of the insurance provider’s stock worth $3,824,000 after purchasing an additional 756 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PGR has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Progressive from $227.00 to $210.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. HSBC downgraded shares of Progressive from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Roth Mkm set a $235.00 price objective on shares of Progressive in a research report on Thursday, February 19th. Evercore reaffirmed a “negative” rating on shares of Progressive in a research report on Wednesday, March 18th. Finally, Barclays set a $247.00 price objective on shares of Progressive in a research report on Wednesday, March 18th. Six equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $238.39.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.