--- title: "Progressive (NYSE:PGR) CFO Sells 3,499 Shares of Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/294237705.md" description: "Progressive CFO Andrew Quigg sold 3,499 shares for $769,780 on July 28 via a Rule 10b5-1 plan, reducing his stake by 7.59%. Institutional investors increased holdings in Q4, with five firms raising positions. Analysts provided mixed ratings: HSBC raised its target to $221 (Hold), Evercore set $240, Wells Fargo lowered to $198 (Underweight), UBS raised to $230 (Neutral), and JPMorgan reaffirmed $250 (Neutral)." datetime: "2026-07-29T17:07:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294237705.md) - [en](https://longbridge.com/en/news/294237705.md) - [zh-HK](https://longbridge.com/zh-HK/news/294237705.md) --- # Progressive (NYSE:PGR) CFO Sells 3,499 Shares of Stock The Progressive Corporation (NYSE:PGR - Get Free Report) CFO Andrew Quigg sold 3,499 shares of the company's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $220.00, for a total value of $769,780.00. Following the completion of the transaction, the chief financial officer directly owned 42,595 shares in the company, valued at $9,370,900. This represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. ## Progressive Price Performance - Travelers Stock Surges 10% as Earnings Beat Reveals Underwriting Discipline Shares of NYSE PGR traded up $2.16 during mid-day trading on Wednesday, reaching $221.68. The company had a trading volume of 989,814 shares, compared to its average volume of 3,276,255. The company has a 50-day moving average price of $210.45 and a two-hundred day moving average price of $205.97. The stock has a market cap of $129.54 billion, a PE ratio of 11.10, a P/E/G ratio of 2.91 and a beta of 0.26. The Progressive Corporation has a 1-year low of $189.20 and a 1-year high of $254.93. The company has a current ratio of 0.32, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. ## Progressive Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 2nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, July 2nd. Progressive's dividend payout ratio is 2.01%. ## Institutional Inflows and Outflows - Allstate’s Comeback Is Turning Into a Profit Machine Hedge funds and other institutional investors have recently modified their holdings of the business. Klingman & Associates LLC grew its stake in shares of Progressive by 1.7% in the fourth quarter. Klingman & Associates LLC now owns 2,927 shares of the insurance provider's stock worth $667,000 after acquiring an additional 48 shares during the last quarter. Revisor Wealth Management LLC boosted its holdings in Progressive by 2.7% in the 4th quarter. Revisor Wealth Management LLC now owns 1,902 shares of the insurance provider's stock valued at $395,000 after purchasing an additional 50 shares during the period. Pines Wealth Management LLC grew its position in Progressive by 3.9% in the 4th quarter. Pines Wealth Management LLC now owns 1,399 shares of the insurance provider's stock worth $319,000 after purchasing an additional 52 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Progressive by 0.3% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 18,736 shares of the insurance provider's stock worth $4,267,000 after purchasing an additional 52 shares during the period. Finally, Phillips Wealth Planners LLC raised its position in shares of Progressive by 2.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,916 shares of the insurance provider's stock valued at $436,000 after buying an additional 52 shares during the last quarter. Institutional investors own 85.34% of the company's stock. ## Wall Street Analyst Weigh In PGR has been the subject of several recent analyst reports. HSBC raised their target price on Progressive from $214.00 to $221.00 and gave the stock a "hold" rating in a research report on Monday, July 6th. Evercore set a $240.00 target price on Progressive in a report on Friday, July 10th. Wells Fargo & Company decreased their price target on shares of Progressive from $205.00 to $198.00 and set an "underweight" rating for the company in a report on Thursday, July 16th. UBS Group lifted their target price on shares of Progressive from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Tuesday, June 30th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $250.00 price target on shares of Progressive in a research note on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Progressive presently has a consensus rating of "Hold" and an average price target of $236.11. - Buffett Spent 60 Years Ignoring Tech and the Bill Is Coming Due **Get Our Latest Stock Analysis on PGR** ## Progressive Company Profile (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. ## Recommended Stories - Five stocks we like better than Progressive - Why Bloom Energy May Be the Most Important AI Infrastructure Stock - Meta’s AI Spending Problem Just Found a BlackRock Solution - Broadcom’s $200 Billion Samsung Deal Shows How Costly the AI Memory Race Has Become - 3 Refiners Benefiting From Oil Volatility and Tight Fuel Supply _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Progressive Right Now? Before you consider Progressive, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Progressive wasn't on the list. While Progressive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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