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

Representative Julie Johnson (D-Texas) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progressive stock on December 18th. 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 Texas Instruments (NASDAQ:TXN) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Philip Morris International (NYSE:PM) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Bank of America (NYSE:BAC) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Walmart (NASDAQ:WMT) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Republic Services (NYSE:RSG) on 12/18/2025.

Progressive Stock Performance

Shares of PGR stock opened at $202.35 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 market capitalization of $118.66 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.23 and a beta of 0.34. The company has a 50-day simple moving average of $222.93 and a 200 day simple moving average of $233.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.29 and a current ratio of 0.29.

Progressive (NYSE:PGR) last issued its quarterly earnings data on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.04 by ($0.59). Progressive had a return on equity of 33.88% and a net margin of 12.57%.The company had revenue of $21.38 billion for the quarter, compared to analyst estimates of $21.64 billion. During the same quarter last year, the business earned $3.58 earnings per share. On average, sell-side analysts predict that The Progressive Corporation will post 14.68 earnings per share for the current year.

Progressive Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Progressive’s dividend payout ratio is presently 2.19%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Progressive during the 2nd quarter valued at $2,156,939,000. Capital International Investors increased its holdings in shares of Progressive by 78.9% during the third quarter. Capital International Investors now owns 13,704,197 shares of the insurance provider’s stock valued at $3,384,082,000 after acquiring an additional 6,045,732 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Progressive by 32.8% during the second quarter. Alliancebernstein L.P. now owns 10,972,574 shares of the insurance provider’s stock worth $2,928,141,000 after purchasing an additional 2,709,417 shares during the period. Capital Research Global Investors lifted its holdings in shares of Progressive by 26.1% in the 3rd quarter. Capital Research Global Investors now owns 11,167,940 shares of the insurance provider’s stock worth $2,757,905,000 after purchasing an additional 2,314,864 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Progressive by 2,012.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 767,549 shares of the insurance provider’s stock valued at $189,546,000 after purchasing an additional 731,207 shares during the period. Institutional investors own 85.34% of the company’s stock.

Insiders Place Their Bets

In related news, insider Steven Broz sold 1,345 shares of the company’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 sale, the insider owned 27,698 shares in the company, valued at $6,323,176.42. This represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John P. Sauerland sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were 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 in the company, valued at approximately $50,956,523.52. The trade was a 2.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,034 shares of company stock worth $2,047,481 over the last ninety days. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of Progressive from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Raymond James Financial cut their price target on shares of Progressive from $305.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Citigroup reduced their price target on shares of Progressive from $301.38 to $300.60 and set a “buy” rating on the stock in a research report on Monday, December 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Progressive from $250.00 to $252.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Progressive in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $259.39.

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

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.