Sen. Sheldon Whitehouse Sells The Progressive Corporation (NYSE:PGR) Shares

Senator Sheldon Whitehouse (D-Rhode Island) recently sold shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on November 03rd, the Senator disclosed that they had sold between $15,001 and $50,000 in Progressive stock on October 27th.

Senator Sheldon Whitehouse also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 10/20/2025.
• Sold $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Verizon Communications (NYSE:VZ) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 9/4/2025.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 9/4/2025.
• Sold $1,001 – $15,000 in shares of Kenvue (NYSE:KVUE) on 8/28/2025.
• Sold $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 8/28/2025.

Progressive Price Performance

Shares of PGR opened at $203.74 on Tuesday. The Progressive Corporation has a twelve month low of $199.90 and a twelve month high of $292.99. The stock’s 50 day moving average is $236.30 and its two-hundred day moving average is $253.42. The firm has a market capitalization of $119.43 billion, a PE ratio of 11.18, a P/E/G ratio of 1.19 and a beta of 0.32. The company has a current ratio of 0.32, a quick ratio of 0.31 and a debt-to-equity ratio of 0.19.

Progressive (NYSE:PGR) last announced its quarterly earnings data on Wednesday, October 15th. The insurance provider reported $4.45 earnings per share for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.59). Progressive had a net margin of 12.57% and a return on equity of 33.88%. The business had revenue of $21.38 billion during the quarter, compared to analysts’ expectations of $21.64 billion. During the same period in the prior year, the firm posted $3.58 EPS. Research analysts anticipate that The Progressive Corporation will post 14.68 earnings per share for the current year.

Progressive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, October 2nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, October 2nd. Progressive’s payout ratio is currently 2.19%.

Insider Transactions at Progressive

In related news, insider Patrick K. Callahan sold 6,420 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $242.22, for a total value of $1,555,052.40. Following the sale, the insider owned 15,192 shares of the company’s stock, valued at approximately $3,679,806.24. This represents a 29.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven Broz sold 1,345 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $242.10, for a total value of $325,624.50. Following the completion of the sale, the insider directly owned 30,388 shares in the company, valued at approximately $7,356,934.80. The trade was a 4.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 58,500 shares of company stock worth $14,430,089 in the last quarter. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PGR. Morgan Stanley set a $214.00 price objective on Progressive and gave the company an “underweight” rating in a report on Monday, October 20th. Cantor Fitzgerald raised Progressive to a “hold” rating in a report on Wednesday, August 13th. Bank of America lifted their price objective on Progressive from $350.00 to $351.00 and gave the company a “buy” rating in a report on Thursday, October 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Progressive in a research report on Monday. Finally, Wall Street Zen downgraded shares of Progressive from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Progressive currently has a consensus rating of “Hold” and a consensus price target of $268.90.

Institutional Investors Weigh In On Progressive

Hedge funds and other institutional investors have recently modified their holdings of the stock. Impact Partnership Wealth LLC lifted its stake in Progressive by 54.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 4,379 shares of the insurance provider’s stock valued at $1,081,000 after buying an additional 1,543 shares in the last quarter. Valley Wealth Managers Inc. lifted its stake in Progressive by 0.9% in the 3rd quarter. Valley Wealth Managers Inc. now owns 89,887 shares of the insurance provider’s stock valued at $22,198,000 after buying an additional 832 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Progressive by 8.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,392 shares of the insurance provider’s stock valued at $344,000 after buying an additional 109 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Progressive in the 3rd quarter valued at approximately $89,000. Finally, AE Wealth Management LLC lifted its stake in Progressive by 12.7% in the 3rd quarter. AE Wealth Management LLC now owns 11,280 shares of the insurance provider’s stock valued at $2,786,000 after buying an additional 1,268 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.

About Senator Whitehouse

Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2031.

Whitehouse (Democratic Party) ran for re-election to the U.S. Senate to represent Rhode Island. He won in the general election on November 5, 2024.

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.