Rep. David Taylor Purchases Shares of The Progressive Corporation (NYSE:PGR)

Representative David Taylor (R-Ohio) recently bought shares of The Progressive Corporation (NYSE:PGR). In a filing disclosed on February 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Progressive stock on January 16th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/29/2026.
• Sold $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 1/29/2026.
• Sold $1,001 – $15,000 in shares of Vertex Pharmaceuticals (NASDAQ:VRTX) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Medpace (NASDAQ:MEDP) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/29/2026.
• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 1/29/2026.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 1/29/2026.

Progressive Stock Down 0.9%

Shares of PGR opened at $201.13 on Wednesday. The Progressive Corporation has a 52 week low of $198.50 and a 52 week high of $292.99. The firm has a market cap of $117.94 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.32. The firm’s 50-day simple moving average is $218.64 and its 200 day simple moving average is $230.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 0.38.

Progressive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were issued 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 dividend yield of 0.2%. Progressive’s payout ratio is presently 2.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PGR. Brighton Jones LLC increased its holdings in Progressive by 15.6% in the 4th quarter. Brighton Jones LLC now owns 3,392 shares of the insurance provider’s stock valued at $813,000 after buying an additional 457 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Progressive during the 4th quarter worth approximately $269,000. Bison Wealth LLC increased 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 acquiring an additional 80 shares during the last quarter. Hilltop National Bank bought a new position in Progressive in the second quarter valued at approximately $41,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Progressive by 10.3% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,621 shares of the insurance provider’s stock valued at $1,233,000 after purchasing an additional 431 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Insiders Place Their Bets

In related news, insider Andrew J. Quigg sold 1,649 shares of the company’s 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 directly owned 39,626 shares in the company, valued at $8,097,573.10. This represents a 4.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven Broz sold 1,344 shares of Progressive stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $224.80, for a total value of $302,131.20. Following the completion of the transaction, the insider owned 26,354 shares in the company, valued at approximately $5,924,379.20. This represents a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,788 shares of company stock valued at $3,018,961 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PGR. Zacks Research cut Progressive from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Hsbc Global Res cut Progressive from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. BMO Capital Markets dropped their target price on Progressive from $239.00 to $232.00 and set a “market perform” rating for the company in a report on Thursday, January 29th. Keefe, Bruyette & Woods reduced their target price on shares of Progressive from $252.00 to $225.00 and set a “market perform” rating for the company in a research report on Friday, January 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of Progressive in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Progressive presently has a consensus rating of “Hold” and a consensus target price of $253.62.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.