Microvast Holdings announces departure of chief financial officer
Progressive Corp (NYSE:PGR), a prominent insurance industry player with a market capitalization of $141.6 billion, saw Chief Investment Officer Jonathan S. Bauer sell 2,391 shares of common stock on July 28, 2025, at a price of $249.24, for a total transaction value of $595,932. According to InvestingPro analysis, the company currently trades at an attractive P/E ratio of 13.6x relative to its near-term earnings growth.
Following the transaction, Bauer directly owns 26,697.516 shares of Progressive Corp. He also indirectly owns 115.141 shares through a 401(k) plan.
The sale was executed under a pre-arranged 10b5-1 trading plan adopted on November 18, 2024.
In other recent news, Progressive Corp. reported second-quarter earnings that significantly surpassed analyst expectations. The company posted adjusted earnings per share of $5.40, exceeding the analyst estimate of $4.36, though its revenue of $20.08 billion slightly missed the consensus estimate of $20.48 billion. Despite this, the revenue marked a 12% year-over-year increase from $17.90 billion in the previous year. Additionally, Progressive’s June operating results were strong, with operating earnings per share of $1.67, outperforming the Visible Alpha Consensus estimate of $1.14 and Goldman Sachs’ estimate of $1.23. Goldman Sachs reiterated its Buy rating for Progressive, maintaining a price target of $305.00 due to these robust results. In contrast, Evercore ISI downgraded Progressive from Outperform to In Line, setting a price target of $275.00, citing a more balanced risk/reward profile for the company. These developments highlight varying analyst perspectives on Progressive’s growth potential and financial health.
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