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Progressive Corp (NYSE:PGR), a prominent insurance industry player with a market capitalization of $141.7 billion, saw Claims President John Jo Murphy sell 2,218 shares of common stock on July 28, 2025, at a price of $249.24, for a total value of $552,814. According to InvestingPro analysis, the company currently trades at an attractive P/E ratio of 13.6 and shows potential upside from current levels.
Following the transaction, Murphy directly owns 47,941.811 shares of Progressive Corp. He also indirectly owns 15,162.584 shares through a 401(k) plan. The company maintains strong financial health, earning a "GREAT" overall score from InvestingPro’s comprehensive analysis, which includes 12 additional key insights available to subscribers.
The sale was executed under a pre-arranged 10b5-1 trading plan adopted on March 20, 2025. Progressive Corp has maintained dividend payments for 16 consecutive years, demonstrating consistent shareholder returns. For detailed valuation metrics and comprehensive analysis, access the full Pro Research Report available on InvestingPro.
In other recent news, Progressive Corp. reported second-quarter earnings that surpassed analyst expectations, with adjusted earnings per share reaching $5.40, compared to the projected $4.36. Despite revenue coming in slightly below the consensus estimate at $20.08 billion, it marked a 12% increase from the previous year’s $17.90 billion. Goldman Sachs maintained its Buy rating for Progressive, citing strong June operating results that exceeded expectations, with operating earnings per share of $1.67, outperforming the Visible Alpha Consensus estimate of $1.14. The strong earnings were attributed to a favorable underlying loss ratio, reduced catastrophe losses, and positive prior-year development.
In contrast, Evercore ISI downgraded Progressive from Outperform to In Line, setting a price target of $275.00, reflecting a more balanced risk/reward profile for the insurer. These developments highlight differing analyst perspectives on Progressive’s growth potential amidst its recent financial performance.
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