Niederst, Progressive Corp CRM president, sells $2m in stock

Published 15/08/2025, 16:44
Niederst, Progressive Corp CRM president, sells $2m in stock

Lori A. Niederst, CRM President at Progressive Corp (NYSE:PGR), a $145.7 billion market cap insurance giant with strong financial health metrics according to InvestingPro, sold 8,063 shares of common stock on August 14, 2025, at a price of $250.18.

The transaction amounted to $2,017,201. Following the sale, Niederst directly owns 39,040.497 shares of Progressive Corp. Niederst also indirectly owns 196.81 shares through her Husband’s 401(k) Plan. The company has shown impressive performance with 21.5% revenue growth and trades at a P/E ratio of 14x.

Get deeper insights into Progressive’s valuation and 11 more exclusive ProTips with InvestingPro. The sale was executed under a pre-arranged 10b5-1 trading plan adopted on March 28, 2025.

In other recent news, Progressive Corporation reported impressive second-quarter 2025 earnings, with earnings per share (EPS) reaching $5.40, significantly surpassing the forecasted $4.36. This represents a surprise of 23.85%, highlighting the company’s strong profitability. However, the revenue for the quarter came in at $20.08 billion, which was below the anticipated $20.48 billion. Despite this shortfall in revenue, the earnings beat has garnered positive attention from investors. Additionally, Progressive’s Board of Directors declared a quarterly dividend of $0.10 per common share. This dividend is scheduled to be paid on October 10, 2025, to shareholders on record as of October 2, 2025. These recent developments reflect Progressive’s financial strategies and shareholder engagement.

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