Rep. Gilbert Ray Cisneros, Jr. Buys The Progressive Corporation (NYSE:PGR) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on January 9th. 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 $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.

Progressive Stock Up 1.5%

Shares of NYSE PGR traded up $3.17 during trading on Tuesday, reaching $207.70. The company had a trading volume of 2,580,307 shares, compared to its average volume of 3,853,059. The Progressive Corporation has a 12-month low of $197.92 and a 12-month high of $292.99. The company has a quick ratio of 0.29, a current ratio of 0.38 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average is $214.61 and its 200 day moving average is $227.54. The stock has a market cap of $121.80 billion, a PE ratio of 10.80, a P/E/G ratio of 7.16 and a beta of 0.33.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.2%. Progressive’s payout ratio is presently 2.08%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. William Blair cut Progressive from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Evercore lowered their target price on Progressive from $250.00 to $237.00 and set an “in-line” rating for the company in a research report on Wednesday, January 7th. UBS Group set a $226.00 price target on shares of Progressive in a research report on Monday, February 2nd. JPMorgan Chase & Co. decreased their price target on shares of Progressive from $303.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group set a $227.00 price objective on shares of Progressive in a research note on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $250.35.

Insider Activity at Progressive

In other news, CFO John P. Sauerland sold 5,000 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $228.48, for a total value of $1,142,400.00. Following the sale, the chief financial officer directly owned 223,024 shares of the company’s stock, valued at $50,956,523.52. This represents a 2.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew J. Quigg sold 1,649 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $204.35, for a total transaction of $336,973.15. Following the completion of the sale, the insider owned 39,626 shares in the company, valued at $8,097,573.10. The trade was a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,443 shares of company stock worth $2,723,061. Corporate insiders own 0.33% of the company’s stock.

Institutional Trading of Progressive

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in shares of Progressive by 15.6% during the 4th quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock valued at $813,000 after purchasing an additional 457 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Progressive in the fourth quarter valued at about $269,000. Bison Wealth LLC raised its stake in Progressive by 3.2% in the fourth quarter. Bison Wealth LLC now owns 2,568 shares of the insurance provider’s stock valued at $615,000 after buying an additional 80 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in Progressive by 83.6% in the second quarter. Axxcess Wealth Management LLC now owns 2,591 shares of the insurance provider’s stock worth $691,000 after acquiring an additional 1,180 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in shares of Progressive by 21.0% during the second quarter. RFG Advisory LLC now owns 5,805 shares of the insurance provider’s stock worth $1,549,000 after acquiring an additional 1,007 shares during the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors.

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.