Palantir Technologies lifts guidance after Q2 results beat Wall Street estimates
Progressive Corporation (NASDAQ:NYSE:PGR), a prominent player in the insurance industry with a market capitalization of $141.7 billion, saw its President and CEO Susan Patricia Griffith sell 30,660 shares of the company’s common stock on July 28, 2025. According to InvestingPro analysis, the company currently trades at an attractive P/E ratio of 13.6x while maintaining strong revenue growth of 21.5%. The shares were sold at a weighted average price of $242.1167, for a total transaction value of $7,423,298. The prices for the shares sold ranged from $239.220 to $248.726. With a GREAT financial health score and 13 analysts revising earnings upward, InvestingPro research suggests the stock may be undervalued at current levels.
Following the transaction, Griffith directly owns 506,945.043 shares of Progressive. She also indirectly owns 15,757.628 shares through a 401(k) plan, 19,108 shares as Husband’s Common, and 53,737.096 shares in Husband’s Trust.
This sale was executed under a pre-arranged 10b5-1 trading plan adopted by Griffith on March 30, 2025.
In other recent news, Progressive Corp. reported second-quarter earnings that exceeded analyst expectations, posting adjusted earnings per share of $5.40, surpassing the projected $4.36. Despite the earnings beat, the company’s revenue was slightly below the consensus estimate, coming in at $20.08 billion compared to the expected $20.48 billion. However, this still marked a 12% year-over-year increase from $17.90 billion. Goldman Sachs maintained its Buy rating for Progressive, with a price target of $305.00, following impressive June operating results. The company reported June operating earnings per share of $1.67, outperforming both the Visible Alpha Consensus estimate of $1.14 and Goldman Sachs’ estimate of $1.23. Conversely, Evercore ISI downgraded Progressive from Outperform to In Line, citing a more balanced risk/reward profile despite their previously bullish stance. These recent developments highlight differing analyst perspectives on Progressive’s growth potential and financial performance.
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