--- title: "Progressive (NYSE:PGR) Insider Sells $336,973.15 in Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/273510704.md" description: "Progressive Corporation (NYSE:PGR) insider Andrew Quigg sold 1,649 shares for $336,973.15 on January 21st, reducing his ownership by 4% to 39,626 shares valued at approximately $8.1 million. The stock opened at $206.94, with a 52-week range of $198.50 to $292.99. Progressive recently declared a quarterly dividend of $0.10 per share. Analysts have mixed ratings on the stock, with an average target price of $259.39. Concerns include competitive pressures from Lemonade's new Tesla partnership and recent insider selling, which may affect investor sentiment ahead of earnings." datetime: "2026-01-23T11:45:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273510704.md) - [en](https://longbridge.com/en/news/273510704.md) - [zh-HK](https://longbridge.com/zh-HK/news/273510704.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273510704.md) | [繁體中文](https://longbridge.com/zh-HK/news/273510704.md) # Progressive (NYSE:PGR) Insider Sells $336,973.15 in Stock The Progressive Corporation (NYSE:PGR - Get Free Report) insider Andrew Quigg sold 1,649 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 39,626 shares in the company, valued at approximately $8,097,573.10. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. ## Progressive Stock Up 1.9% - Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced Shares of NYSE PGR opened at $206.94 on Friday. The Progressive Corporation has a 52-week low of $198.50 and a 52-week high of $292.99. The firm has a market capitalization of $121.35 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.24 and a beta of 0.34. The stock has a 50 day moving average price of $221.60 and a 200 day moving average price of $232.61. 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 Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Progressive's dividend payout ratio is presently 2.19%. ## Wall Street Analysts Forecast Growth * * * * * * - Big Banks Are Setting the Tone as Earnings Season Kicks Off Several brokerages have issued reports on PGR. Morgan Stanley reiterated an "underweight" rating on shares of Progressive in a report on Wednesday, December 17th. Hsbc Global Res cut shares of Progressive from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. UBS Group cut their price objective on shares of Progressive from $268.00 to $261.00 and set a "neutral" rating on the stock in a report on Wednesday, October 8th. Mizuho set a $240.00 price objective on shares of Progressive in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company dropped their target price on Progressive from $242.00 to $240.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $259.39. **Check Out Our Latest Analysis on PGR** ## More Progressive News - Why Insurance Stocks May Struggle Despite Strong Highs Here are the key news stories impacting Progressive this week: - Positive Sentiment: Market coverage highlights that Progressive is seeing buying interest and gained versus the broader market, which supports near-term share strength and higher-than-average volume. Progressive (PGR) Beats Stock Market Upswing: What Investors Need to Know - Neutral Sentiment: Progressive is drawing investor attention and search interest, keeping the ticker in focus ahead of corporate events — this can increase intraday volatility but is not inherently directional. The Progressive Corporation (PGR) is Attracting Investor Attention: Here is What You Should Know - Neutral Sentiment: Progressive is scheduled to report earnings next week; the event is a near-term catalyst that can drive larger moves depending on results and guidance. Progressive (PGR) Expected to Announce Earnings on Wednesday - Negative Sentiment: Competitive threat: Lemonade’s new Tesla partnership (50% discount for FSD miles) represents a potential pricing innovation that could force legacy insurers — including Progressive — to adjust pricing or risk losing low‑loss, tech‑savvy customers; this raises long‑term competitive pressure on auto insurance margins. Lemonade’s Tesla Deal Could Rewrite How Auto Insurance Is Priced - Negative Sentiment: Insider selling: Progressive CIO Jonathan S. Bauer and insider Andrew J. Quigg disclosed recent open‑market sales (several thousand shares each). While not unusually large for a company of this size, multiple insider sales can be perceived negatively by some investors ahead of earnings. Jonathan S. Bauer insider sale (SEC filing) Andrew J. Quigg insider sale (SEC filing) - Negative Sentiment: Analyst/expectations risk: Zacks notes that while Wall Street expects earnings growth, Progressive may lack the specific factors that point to a likely earnings beat, which raises the risk of a disappointing print or conservative guidance. Progressive (PGR) Reports Next Week: Wall Street Expects Earnings Growth ## Institutional Trading of Progressive Hedge funds and other institutional investors have recently made changes to their positions in the business. Davis Capital Management purchased a new position in Progressive during the 3rd quarter worth $25,000. Dagco Inc. acquired a new stake in Progressive in the fourth quarter worth about $28,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Progressive during the second quarter worth about $33,000. Howard Hughes Medical Institute acquired a new position in shares of Progressive during the second quarter valued at about $34,000. Finally, Ameriflex Group Inc. raised its position in shares of Progressive by 106.6% in the 3rd quarter. Ameriflex Group Inc. now owns 126 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 85.34% of the company's stock. ## About Progressive (Get Free Report) 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. ## Featured Stories - Five stocks we like better than Progressive - Elon Taking SpaceX Public! $100 Pre-IPO Opportunity! - How a Family Trust May Be Able To Help Preserve Your Wealth - Do not delete, read immediately - NEW LAW: Congress Approves Setup For Digital Dollar? - Executive Order 14330: Trump’s Biggest Yet _This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to \[email protected\]._ Insider Buying or Selling at Progressive? Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Progressive and related companies. 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