Karen Bailo Sells 3,517 Shares of Progressive (NYSE:PGR) Stock

The Progressive Corporation (NYSE:PGR) insider Karen Bailo sold 3,517 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $212.00, for a total transaction of $745,604.00. Following the sale, the insider owned 32,348 shares in the company, valued at $6,857,776. This represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Progressive Stock Up 0.0%

Shares of NYSE:PGR opened at $206.90 on Wednesday. The company has a market cap of $121.23 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 9.00 and a beta of 0.33. The Progressive Corporation has a 12 month low of $197.92 and a 12 month high of $292.99. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $208.09 and a 200 day moving average price of $223.19.

Progressive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Progressive’s dividend payout ratio (DPR) is presently 2.08%.

Hedge Funds Weigh In On Progressive

Several hedge funds have recently bought and sold shares of the business. PeakShares LLC bought a new stake in shares of Progressive during the fourth quarter worth $1,022,000. Corient Private Wealth LLC grew its holdings in shares of Progressive by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 905,569 shares of the insurance provider’s stock worth $206,431,000 after purchasing an additional 45,736 shares during the last quarter. Hsbc Holdings PLC increased its stake in Progressive by 6.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,366,794 shares of the insurance provider’s stock worth $301,657,000 after buying an additional 82,973 shares during the period. Pure Financial Advisors LLC purchased a new position in Progressive in the 4th quarter worth about $425,000. Finally, SHP Wealth Management bought a new stake in Progressive during the 4th quarter valued at about $50,000. Institutional investors own 85.34% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $225.00 price target on shares of Progressive in a report on Monday, February 23rd. HSBC lowered shares of Progressive from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Roth Mkm set a $235.00 target price on shares of Progressive in a research note on Thursday, February 19th. Mizuho set a $240.00 target price on shares of Progressive in a report on Wednesday, January 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Progressive from $225.00 to $232.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $243.28.

Trending Headlines about Progressive

Here are the key news stories impacting Progressive this week:

• Positive Sentiment: Analyst / dividend bullishness — A Seeking Alpha piece highlights PGR as a high-conviction, dividend-friendly insurance pick, citing Progressive’s data-driven underwriting, market-share gains and attractive total yield — a constructive narrative for long-term investors. Seeking Alpha: Heads, I Win – Tails, I Don’t Lose
• Neutral Sentiment: Bank of America lowered its price target from $315 to $308 but kept a “buy” rating — still signaling conviction but trimming upside expectations vs. prior targets. This is supportive but slightly less bullish than before. Benzinga: BofA price target update
• Neutral Sentiment: Quarterly dividend declared — Progressive announced a $0.10 quarterly common-share dividend (payable Apr. 10; record Apr. 2). The yield is small (~0.2%), so it’s a modest income signal rather than a major catalyst. GlobeNewswire: Dividend Announcement
• Neutral Sentiment: Unrelated company news — Progressive Planet Solutions (TSE: PLAN) unveiled low‑carbon cement and R&D expansion. This concerns a different firm (PLAN) and is not material to PGR’s insurance fundamentals. TipRanks: Progressive Planet product release
• Negative Sentiment: Insider selling — Two execs disclosed sales: CFO/CAO Carl Joyce sold 141 shares and senior executive Karen Bailo sold 3,517 shares (both at ~$212), reducing their stakes. Insider dispositions can create short-term selling pressure or signal profit-taking. SEC Form 4 (Carl Joyce) SEC Form 4 (Karen Bailo)
• Negative Sentiment: Recent price weakness — Coverage notes and market commentary flagged a recent intraday dip (PGR down vs. market gains), underscoring near-term volatility as analysts refine views. Zacks: Stock Dips While Market Gains

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.