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John Jo Murphy, Claims President at PROGRESSIVE CORP/OH/ (NASDAQ:PGR), a prominent player in the insurance industry with a market capitalization of $155 billion, sold 4,000 shares of common stock on June 20, 2025, at a price of $260.38, for a total transaction value of $1041520. According to InvestingPro analysis, Progressive currently trades below its Fair Value, suggesting potential upside opportunity.
Following the transaction, Murphy directly owns 41289.348 shares of Progressive Corp. He also indirectly owns 15162.584 shares through a 401(k) Plan. The company has demonstrated strong financial performance with 20.7% revenue growth in the last twelve months, and maintains a robust financial health score of "GREAT" on InvestingPro.
The sale was executed under a pre-arranged 10b5-1 trading plan adopted on March 20, 2025. Looking ahead, 16 analysts have revised their earnings estimates upward for the upcoming period, with analyst price targets ranging from $183 to $336. Discover more insights about Progressive’s future prospects in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Progressive Corporation (NYSE:PGR) reported a substantial 353% increase in net income for May 2025, reaching $1.07 billion compared to $235 million in the same month last year. The company’s net premiums written rose by 11% to $6.63 billion, and net premiums earned increased by 15% to $6.72 billion. Earnings per share soared to $1.81, a significant jump from $0.40 in the prior-year period. Progressive’s combined ratio improved to 86.9 from 100.4, indicating enhanced profitability. Barclays (LON:BARC) maintained its Equalweight rating for Progressive, noting that the company’s May earnings per share of $1.81 surpassed their estimate of $1.22, driven by strong underwriting results and expense discipline. Keefe, Bruyette & Woods kept their Market Perform rating with a price target of $288, citing an improved outlook due to faster investment income growth and larger reserve releases. Raymond (NSE:RYMD) James reiterated an Outperform rating, maintaining a $305 price target, reflecting confidence in Progressive’s ability to sustain a favorable combined ratio. The company also reported growth in its policy portfolio, with notable increases in personal and commercial lines policies.
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