Rep. Lisa C. McClain Sells The Progressive Corporation (NYSE:PGR) Stock

Representative Lisa C. McClain (R-Michigan) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on July 16th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

Progressive Stock Down 1.6%

NYSE PGR opened at $247.02 on Monday. The stock has a market cap of $144.81 billion, a PE ratio of 13.92, a P/E/G ratio of 1.46 and a beta of 0.33. The Progressive Corporation has a fifty-two week low of $228.54 and a fifty-two week high of $292.99. The business has a 50 day moving average price of $253.14 and a two-hundred day moving average price of $266.51. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.21.

Progressive (NYSE:PGR) last released its quarterly earnings results on Wednesday, July 16th. The insurance provider reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.45. The firm had revenue of $20.08 billion during the quarter, compared to analysts’ expectations of $20.39 billion. Progressive had a return on equity of 35.37% and a net margin of 12.66%. Progressive’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 EPS. As a group, sell-side analysts predict 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 will be paid on Friday, October 10th. Shareholders of record on Thursday, October 2nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Progressive’s dividend payout ratio is presently 2.25%.

Institutional Investors Weigh In On Progressive

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC lifted its stake in Progressive by 1.0% in the first quarter. Integrated Advisors Network LLC now owns 3,808 shares of the insurance provider’s stock valued at $1,078,000 after buying an additional 36 shares during the last quarter. Rise Advisors LLC raised its stake in shares of Progressive by 7.4% during the first quarter. Rise Advisors LLC now owns 521 shares of the insurance provider’s stock valued at $147,000 after purchasing an additional 36 shares in the last quarter. Pines Wealth Management LLC raised its stake in shares of Progressive by 3.0% during the first quarter. Pines Wealth Management LLC now owns 1,287 shares of the insurance provider’s stock valued at $335,000 after purchasing an additional 37 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Progressive by 2.0% during the first quarter. Contravisory Investment Management Inc. now owns 1,940 shares of the insurance provider’s stock valued at $549,000 after purchasing an additional 38 shares in the last quarter. Finally, Beacon Financial Group raised its stake in shares of Progressive by 1.1% during the first quarter. Beacon Financial Group now owns 3,659 shares of the insurance provider’s stock valued at $1,036,000 after purchasing an additional 39 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Progressive

In related news, insider Andrew J. Quigg sold 3,191 shares of Progressive stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $249.24, for a total transaction of $795,324.84. Following the sale, the insider directly owned 37,977 shares in the company, valued at $9,465,387.48. The trade was a 7.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lori A. Niederst sold 8,063 shares of Progressive stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.18, for a total transaction of $2,017,201.34. Following the sale, the insider owned 39,040 shares in the company, valued at approximately $9,767,027.20. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,313 shares of company stock valued at $28,349,549. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PGR. Wells Fargo & Company increased their target price on Progressive from $328.00 to $333.00 and gave the company an “overweight” rating in a research note on Friday, June 20th. Citigroup began coverage on Progressive in a research note on Wednesday, August 13th. They set a “buy” rating and a $312.00 target price for the company. BMO Capital Markets reduced their target price on Progressive from $288.00 to $281.00 and set an “outperform” rating for the company in a research note on Friday, July 18th. Cantor Fitzgerald upgraded Progressive to a “hold” rating in a research note on Wednesday, August 13th. Finally, Barclays reduced their price objective on Progressive from $297.00 to $287.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $284.88.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Progressive Company Profile

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.